Sterling Check Corp. (NASDAQ:STER) Expected to Announce Quarterly Sales of $168.25 Million

Wall Street brokerages expect that Sterling Check Corp. (NASDAQ:STER – Get Rating) will report sales of $168.25 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Sterling Check’s earnings, with the lowest sales estimate coming in at $166.69 million and the highest estimate coming in at $171.69 million. The firm is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Sterling Check will report full year sales of $748.60 million for the current year, with estimates ranging from $747.40 million to $750.20 million. For the next fiscal year, analysts anticipate that the firm will post sales of $816.21 million, with estimates ranging from $810.87 million to $824.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Sterling Check.

Sterling Check (NASDAQ:STER – Get Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $173.60 million for the quarter, compared to analyst estimates of $152.50 million. The firm’s revenue was up 35.1% compared to the same quarter last year.

Several research analysts have weighed in on the company. Barclays reduced their target price on Sterling Check from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 16th. Zacks Investment Research lowered Sterling Check from a “buy” rating to a “sell” rating in a report on Friday. KeyCorp lifted their target price on Sterling Check from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, April 1st. Robert W. Baird reduced their target price on Sterling Check from $34.00 to $31.00 in a report on Thursday, March 3rd. Finally, Morgan Stanley lowered Sterling Check from an “overweight” rating to an “equal weight” rating and set a $26.00 target price on the stock. in a report on Monday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $28.78.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STER. Peregrine Capital Management LLC bought a new stake in Sterling Check during the third quarter worth about $14,045,000. Kornitzer Capital Management Inc. KS bought a new stake in Sterling Check during the third quarter worth about $5,581,000. TimesSquare Capital Management LLC bought a new stake in Sterling Check during the third quarter worth about $19,567,000. Monashee Investment Management LLC bought a new stake in Sterling Check during the third quarter worth about $2,505,000. Finally, Principal Financial Group Inc. bought a new stake in Sterling Check during the third quarter worth about $23,413,000. Institutional investors and hedge funds own 81.93% of the company’s stock.

STER stock opened at $23.90 on Tuesday. The business’s 50-day moving average price is $22.95 and its two-hundred day moving average price is $22.68. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.70. Sterling Check has a 1-year low of $17.27 and a 1-year high of $28.99.

About Sterling Check (Get Rating)

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.

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