Stericycle Inc (NASDAQ:SRCL) – Research analysts at Northcoast Research boosted their Q2 2018 earnings per share estimates for shares of Stericycle in a research report issued to clients and investors on Thursday. Northcoast Research analyst E. Snyder now expects that the business services provider will post earnings per share of $1.26 for the quarter, up from their prior estimate of $1.15. Northcoast Research also issued estimates for Stericycle’s Q3 2018 earnings at $1.21 EPS.
Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Stericycle from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Barrington Research reaffirmed a “buy” rating on shares of Stericycle in a research note on Monday, February 26th. BMO Capital Markets reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Stericycle in a research note on Wednesday, January 24th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Stericycle in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Stericycle has an average rating of “Hold” and an average price target of $70.67.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.14). Stericycle had a net margin of 1.18% and a return on equity of 13.83%. The firm had revenue of $887.80 million during the quarter, compared to the consensus estimate of $882.62 million. During the same period in the prior year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of SRCL. NEXT Financial Group Inc boosted its stake in Stericycle by 77.9% during the third quarter. NEXT Financial Group Inc now owns 2,322 shares of the business services provider’s stock worth $164,000 after acquiring an additional 1,017 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Stericycle by 500.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,000 shares of the business services provider’s stock worth $204,000 after acquiring an additional 2,500 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new position in Stericycle during the fourth quarter worth $206,000. Roberts Glore & Co. Inc. IL acquired a new position in Stericycle during the fourth quarter worth $210,000. Finally, Investors Research Corp acquired a new position in Stericycle during the fourth quarter worth $212,000. 94.24% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Jack W. Schuler bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average cost of $62.59 per share, with a total value of $625,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by corporate insiders.
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Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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