Analysts Expect Stericycle, Inc. (NASDAQ:SRCL) Will Post Earnings of $0.47 Per Share

Analysts expect that Stericycle, Inc. (NASDAQ:SRCLGet Rating) will report $0.47 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Stericycle’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.40. Stericycle posted earnings per share of $0.67 during the same quarter last year, which indicates a negative year over year growth rate of 29.9%. The company is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Stericycle will report full-year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.19. For the next financial year, analysts anticipate that the business will report earnings of $2.50 per share, with EPS estimates ranging from $2.30 to $2.69. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Stericycle.

Stericycle (NASDAQ:SRCLGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12). Stericycle had a positive return on equity of 6.84% and a negative net margin of 2.58%. The business had revenue of $664.20 million during the quarter, compared to the consensus estimate of $669.61 million. During the same period in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year.

SRCL has been the topic of several analyst reports. Zacks Investment Research raised shares of Stericycle from a “sell” rating to a “hold” rating and set a $58.00 price target on the stock in a research report on Wednesday, April 27th. Robert W. Baird dropped their price objective on shares of Stericycle from $72.00 to $63.00 in a research report on Friday, April 29th. Barrington Research reissued a “market perform” rating on shares of Stericycle in a research report on Tuesday, April 19th. TheStreet lowered shares of Stericycle from a “c” rating to a “d+” rating in a research report on Thursday, May 12th. Finally, Berenberg Bank downgraded shares of Stericycle from a “buy” rating to a “hold” rating and decreased their price target for the company from $95.00 to $46.00 in a research note on Thursday, May 12th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.50.

Several hedge funds have recently bought and sold shares of SRCL. Black Creek Investment Management Inc. raised its holdings in Stericycle by 58.6% in the 4th quarter. Black Creek Investment Management Inc. now owns 2,780,737 shares of the business services provider’s stock valued at $165,843,000 after buying an additional 1,027,768 shares during the last quarter. Capital Research Global Investors raised its holdings in Stericycle by 24.0% in the 4th quarter. Capital Research Global Investors now owns 4,345,073 shares of the business services provider’s stock valued at $259,140,000 after buying an additional 840,222 shares during the last quarter. Norges Bank bought a new position in Stericycle in the 4th quarter valued at approximately $46,372,000. Impax Asset Management Group plc raised its holdings in Stericycle by 36.3% during the 4th quarter. Impax Asset Management Group plc now owns 2,211,634 shares of the business services provider’s stock worth $130,961,000 after purchasing an additional 589,128 shares during the last quarter. Finally, Mondrian Investment Partners LTD raised its holdings in Stericycle by 19.2% during the 4th quarter. Mondrian Investment Partners LTD now owns 2,150,877 shares of the business services provider’s stock worth $128,278,000 after purchasing an additional 347,066 shares during the last quarter. 99.89% of the stock is owned by hedge funds and other institutional investors.

NASDAQ SRCL traded up $0.08 on Monday, hitting $48.68. 402,334 shares of the stock were exchanged, compared to its average volume of 473,061. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.92 and a quick ratio of 0.92. The business’s fifty day moving average is $53.75 and its 200 day moving average is $57.02. Stericycle has a 52 week low of $44.04 and a 52 week high of $79.94. The company has a market capitalization of $4.48 billion, a PE ratio of -65.78, a P/E/G ratio of 2.85 and a beta of 1.31.

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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Earnings History and Estimates for Stericycle (NASDAQ:SRCL)

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