Steris (NYSE:STE) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.74-4.84 for the period, compared to the Thomson Reuters consensus estimate of $4.70. The company issued revenue guidance of $2.751-2.751 billion, compared to the consensus revenue estimate of $2.73 billion.Steris also updated its FY19 guidance to $4.74-4.84 EPS.
Several equities analysts have recently weighed in on the company. KeyCorp lifted their price target on Steris from $115.00 to $120.00 and gave the company an overweight rating in a research report on Thursday, August 9th. Stephens reiterated a buy rating and issued a $125.00 price target on shares of Steris in a research report on Thursday, August 9th. JMP Securities lifted their price target on Steris from $113.00 to $125.00 and gave the company a market outperform rating in a research report on Thursday, August 9th. Finally, Zacks Investment Research upgraded Steris from a sell rating to a hold rating in a research report on Thursday, September 20th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $100.86.
Steris stock traded up $0.81 during midday trading on Thursday, hitting $120.70. 521,422 shares of the company’s stock were exchanged, compared to its average volume of 373,073. Steris has a 52-week low of $82.88 and a 52-week high of $121.67. The company has a quick ratio of 2.02, a current ratio of 2.63 and a debt-to-equity ratio of 0.41. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 29.08 and a beta of 1.03.
In related news, VP Karen L. Burton sold 1,300 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $114.39, for a total transaction of $148,707.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.38% of the stock is owned by insiders.
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Steris Company Profile
STERIS plc provides infection prevention and other procedural products and services worldwide. The company operates in four segments: Healthcare Products, Healthcare Specialty Services, Life Sciences, and Applied Sterilization Technologies. The Healthcare Products segment offers cleaning chemistries and sterility assurance products; accessories for gastrointestinal (GI) procedures, washers, sterilizers, and other pieces of capital equipment for the operations of a sterile processing department; and equipment used in the operating room, including surgical tables, lights, equipment management services, and connectivity solutions.
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