FY2017 EPS Estimates for Stericycle, Inc. Reduced by Analyst (SRCL)
Stericycle, Inc. (NASDAQ:SRCL) – Stock analysts at Jefferies Group dropped their FY2017 earnings per share estimates for shares of Stericycle in a research report issued to clients and investors on Friday. Jefferies Group analyst S. Dodge now forecasts that the business services provider will post earnings per share of $4.49 for the year, down from their previous estimate of $4.59. Jefferies Group currently has a “Buy” rating and a $108.00 target price on the stock. Jefferies Group also issued estimates for Stericycle’s Q4 2017 earnings at $1.15 EPS and FY2018 earnings at $4.50 EPS.
Stericycle (NASDAQ:SRCL) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Stericycle had a return on equity of 5.12% and a net margin of 4.43%. The firm had revenue of $883.00 million for the quarter, compared to the consensus estimate of $896.81 million. During the same period in the prior year, the business earned $1.24 EPS. Stericycle’s quarterly revenue was down .8% on a year-over-year basis.
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Several other research firms also recently weighed in on SRCL. Zacks Investment Research downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub downgraded shares of Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Barclays PLC reissued an “overweight” rating and set a $100.00 target price on shares of Stericycle in a research report on Wednesday, August 9th. William Blair reissued an “ourperform” rating on shares of Stericycle in a research report on Thursday, September 14th. Finally, Royal Bank Of Canada decreased their target price on shares of Stericycle from $74.00 to $67.00 and set an “underperform” rating for the company in a research report on Thursday, November 9th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Stericycle presently has a consensus rating of “Hold” and an average target price of $77.17.
Shares of Stericycle (SRCL) opened at $63.54 on Monday. Stericycle has a 52 week low of $61.62 and a 52 week high of $88.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.93. The firm has a market cap of $5,465.57, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.19.
In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $64.03, for a total transaction of $1,264,784.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.
Large investors have recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Stericycle by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock worth $143,000 after purchasing an additional 145 shares during the period. NEXT Financial Group Inc increased its stake in shares of Stericycle by 77.9% in the 3rd quarter. NEXT Financial Group Inc now owns 2,322 shares of the business services provider’s stock worth $164,000 after acquiring an additional 1,017 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Stericycle by 8.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock worth $194,000 after acquiring an additional 200 shares in the last quarter. ARGI Investment Services LLC bought a new stake in Stericycle during the 3rd quarter valued at about $215,000. Finally, Zions Bancorporation bought a new stake in Stericycle during the 3rd quarter valued at about $233,000. 94.19% of the stock is owned by hedge funds and other institutional investors.
Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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