Sotera Health (SHC) Scheduled to Post Quarterly Earnings on Thursday

Sotera Health (NYSE:SHCGet Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, August 4th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Sotera Health has set its FY22 guidance at $0.93-0.99 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Sotera Health (NYSE:SHCGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. Sotera Health had a net margin of 14.30% and a return on equity of 42.65%. The company had revenue of $237.00 million during the quarter, compared to the consensus estimate of $229.40 million. During the same period last year, the firm earned $0.13 earnings per share. Sotera Health’s revenue was up 11.8% compared to the same quarter last year. On average, analysts expect Sotera Health to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sotera Health Trading Up 1.2 %

NYSE:SHC opened at $18.95 on Thursday. Sotera Health has a 12 month low of $17.73 and a 12 month high of $27.38. The firm has a fifty day simple moving average of $20.19 and a 200-day simple moving average of $20.76. The company has a current ratio of 2.58, a quick ratio of 2.27 and a debt-to-equity ratio of 2.78. The company has a market capitalization of $5.36 billion, a P/E ratio of 38.67 and a beta of 0.43.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Sotera Health by 1.8% during the first quarter. Royal Bank of Canada now owns 109,461 shares of the company’s stock worth $2,372,000 after purchasing an additional 1,965 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Sotera Health during the first quarter worth $139,000. Federated Hermes Inc. purchased a new position in shares of Sotera Health during the first quarter worth $157,000. Sei Investments Co. raised its holdings in shares of Sotera Health by 32.8% during the first quarter. Sei Investments Co. now owns 36,970 shares of the company’s stock worth $801,000 after purchasing an additional 9,128 shares during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Sotera Health during the first quarter worth $317,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SHC. Wolfe Research downgraded shares of Sotera Health from an “outperform” rating to a “peer perform” rating and set a $26.00 price objective for the company. in a research note on Thursday, June 9th. Barclays lowered their price objective on shares of Sotera Health from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.83.

About Sotera Health

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Sotera Health Company provides sterilization, and lab testing and advisory services in the United States, Canada, Europe, and internationally. The company's sterilization services include gamma and electron beam irradiation, and EO processing; Nelson Labs comprise microbiological and analytical chemistry testing; and advisory services for medical device and biopharmaceutical industries.

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Earnings History for Sotera Health (NYSE:SHC)

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