Stericycle Inc (NASDAQ:SRCL) – Northcoast Research dropped their Q1 2018 earnings estimates for Stericycle in a report released on Thursday. Northcoast Research analyst E. Snyder now expects that the business services provider will earn $1.06 per share for the quarter, down from their previous estimate of $1.34. Northcoast Research also issued estimates for Stericycle’s Q4 2018 earnings at $1.09 EPS.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.14). Stericycle had a net margin of 1.18% and a return on equity of 13.83%. The company had revenue of $887.80 million for the quarter, compared to analysts’ expectations of $882.62 million. During the same quarter in the prior year, the firm earned $1.00 EPS. Stericycle’s quarterly revenue was down 2.1% compared to the same quarter last year.
Stericycle stock opened at $63.59 on Monday. Stericycle has a 52-week low of $58.53 and a 52-week high of $88.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $5,439.74, a PE ratio of 244.59, a P/E/G ratio of 1.44 and a beta of 0.42.
In other Stericycle news, Director Jack W. Schuler acquired 10,000 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were acquired at an average price of $62.59 per share, for a total transaction of $625,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB grew its holdings in Stericycle by 14.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 19,501 shares of the business services provider’s stock worth $1,326,000 after purchasing an additional 2,460 shares during the period. Sterling Capital Management LLC purchased a new stake in shares of Stericycle during the fourth quarter valued at approximately $22,215,000. MetLife Investment Advisors LLC purchased a new stake in shares of Stericycle during the fourth quarter valued at approximately $1,796,000. Crestline Management LP purchased a new stake in shares of Stericycle during the fourth quarter valued at approximately $936,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Stericycle by 25.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,443 shares of the business services provider’s stock valued at $643,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 94.24% of the company’s stock.
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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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