Stericycle, Inc. (NASDAQ:SRCL) – Investment analysts at William Blair reduced their Q4 2018 earnings per share estimates for shares of Stericycle in a research note issued on Wednesday. William Blair analyst R. Daniels now anticipates that the business services provider will post earnings per share of $1.04 for the quarter, down from their previous estimate of $1.28. William Blair has a “Ourperform” rating on the stock.
Other research analysts also recently issued reports about the stock. Stifel Nicolaus restated a “buy” rating and issued a $85.00 price target (down from $95.00) on shares of Stericycle in a research report on Thursday. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BMO Capital Markets reduced their price target on shares of Stericycle from $74.00 to $62.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Barrington Research reduced their price target on shares of Stericycle from $87.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $77.17.
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Stericycle (NASDAQ SRCL) opened at $64.02 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.82 and a quick ratio of 0.82. Stericycle has a 52-week low of $61.62 and a 52-week high of $88.00. The stock has a market cap of $5,465.57, a PE ratio of 14.75, a PEG ratio of 1.75 and a beta of 0.19.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). Stericycle had a negative net margin of 0.79% and a positive return on equity of 13.93%. The company had revenue of $883.00 million for the quarter, compared to the consensus estimate of $896.81 million. During the same quarter last year, the company earned $1.24 earnings per share. The company’s revenue was down .8% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its stake in Stericycle by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 488,044 shares of the business services provider’s stock valued at $34,954,000 after buying an additional 24,531 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in Stericycle by 0.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 344,599 shares of the business services provider’s stock valued at $24,680,000 after buying an additional 1,973 shares during the period. WINTON GROUP Ltd acquired a new position in Stericycle during the 3rd quarter valued at about $254,000. Wells Fargo & Company MN increased its stake in Stericycle by 7.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,898,959 shares of the business services provider’s stock valued at $136,003,000 after buying an additional 126,005 shares during the period. Finally, Zeke Capital Advisors LLC acquired a new position in Stericycle during the 3rd quarter valued at about $250,000. 94.19% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Mark C. Miller sold 19,753 shares of Stericycle stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $70.52, for a total value of $1,392,981.56. Following the sale, the director now directly owns 205,576 shares in the company, valued at approximately $14,497,219.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.30% of the company’s stock.
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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