Stericycle Inc (NASDAQ:SRCL)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $53.05 and last traded at $53.44, with a volume of 54104 shares. The stock had previously closed at $54.01.
A number of research firms have recently issued reports on SRCL. Robert W. Baird reiterated a “hold” rating and issued a $70.00 price objective on shares of Stericycle in a report on Friday, August 3rd. BidaskClub upgraded Stericycle from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 31st. BMO Capital Markets restated a “hold” rating and set a $71.00 target price on shares of Stericycle in a report on Thursday, July 12th. Zacks Investment Research upgraded Stericycle from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Barrington Research set a $72.00 target price on Stericycle and gave the company a “buy” rating in a report on Friday, October 5th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Stericycle presently has an average rating of “Hold” and an average price target of $71.29.
The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.38 and a beta of 0.35. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.81 and a quick ratio of 0.81.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 2nd. The business services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.04. The company had revenue of $883.30 million during the quarter, compared to analysts’ expectations of $896.62 million. Stericycle had a return on equity of 14.04% and a net margin of 5.03%. Stericycle’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. On average, analysts forecast that Stericycle Inc will post 4.43 EPS for the current year.
In other Stericycle news, CFO Daniel Ginnetti sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 10,060 shares of company stock valued at $707,912 in the last ninety days. 3.50% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SRCL. Federated Investors Inc. PA raised its position in Stericycle by 129.5% during the 1st quarter. Federated Investors Inc. PA now owns 2,088 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 1,178 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Stericycle by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 716,864 shares of the business services provider’s stock worth $41,960,000 after acquiring an additional 12,940 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Stericycle by 10.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,878 shares of the business services provider’s stock worth $1,221,000 after acquiring an additional 1,965 shares in the last quarter. Stifel Financial Corp raised its position in shares of Stericycle by 5.4% in the 1st quarter. Stifel Financial Corp now owns 90,957 shares of the business services provider’s stock worth $5,410,000 after acquiring an additional 4,630 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Stericycle in the 1st quarter worth approximately $266,000. 95.47% of the stock is owned by institutional investors and hedge funds.
Stericycle Company Profile (NASDAQ:SRCL)
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.
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