Barrington Research Comments on Stericycle, Inc.’s Q1 2022 Earnings (NASDAQ:SRCL)

Stericycle, Inc. (NASDAQ:SRCLGet Rating) – Equities research analysts at Barrington Research issued their Q1 2022 earnings per share (EPS) estimates for Stericycle in a report issued on Tuesday, April 19th. Barrington Research analyst K. Steinke forecasts that the business services provider will post earnings per share of $0.42 for the quarter. Barrington Research currently has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Stericycle’s Q2 2022 earnings at $0.51 EPS and Q4 2022 earnings at $0.63 EPS.

SRCL has been the topic of a number of other reports. Robert W. Baird decreased their target price on Stericycle from $77.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, February 25th. StockNews.com lowered Stericycle from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Zacks Investment Research lowered Stericycle from a “hold” rating to a “sell” rating and set a $62.00 target price for the company. in a research note on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.00.

Shares of SRCL opened at $56.35 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.79 and a current ratio of 0.79. The company has a 50-day simple moving average of $57.27 and a 200-day simple moving average of $59.88. Stericycle has a 52 week low of $53.25 and a 52 week high of $79.97. The firm has a market capitalization of $5.18 billion, a P/E ratio of -181.77, a P/E/G ratio of 3.16 and a beta of 1.30.

Stericycle (NASDAQ:SRCLGet Rating) last announced its earnings results on Thursday, February 24th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.06). Stericycle had a positive return on equity of 8.26% and a negative net margin of 1.05%. The company had revenue of $657.30 million for the quarter, compared to the consensus estimate of $662.25 million. During the same period last year, the firm posted $0.59 EPS. The company’s revenue was up .2% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the stock. Black Creek Investment Management Inc. acquired a new position in Stericycle in the third quarter valued at about $119,149,000. Martingale Asset Management L P raised its stake in shares of Stericycle by 4.1% in the third quarter. Martingale Asset Management L P now owns 7,179 shares of the business services provider’s stock valued at $489,000 after acquiring an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Stericycle in the 3rd quarter worth approximately $31,000. AGF Investments Inc. bought a new stake in Stericycle during the 4th quarter worth approximately $335,000. Finally, Teacher Retirement System of Texas grew its position in Stericycle by 21.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 14,577 shares of the business services provider’s stock worth $991,000 after acquiring an additional 2,550 shares during the last quarter. 97.67% of the stock is currently owned by institutional investors and hedge funds.

About Stericycle (Get Rating)

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including sharps disposable and management solutions; pharmaceutical waste services; hazardous waste disposal; maritime waste services, such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.

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