Stericycle, Inc. Expected to Earn Q1 2023 Earnings of $0.40 Per Share (NASDAQ:SRCL)

Posted by on Apr 12th, 2023

Stericycle, Inc. (NASDAQ:SRCL – Get Rating) – Research analysts at Barrington Research issued their Q1 2023 EPS estimates for Stericycle in a report issued on Monday, April 10th. Barrington Research analyst K. Steinke forecasts that the business services provider will post earnings of $0.40 per share for the quarter. The consensus estimate for Stericycle’s current full-year earnings is $1.91 per share. Barrington Research also issued estimates for Stericycle’s Q2 2023 earnings at $0.50 EPS, Q3 2023 earnings at $0.52 EPS, Q4 2023 earnings at $0.48 EPS and FY2024 earnings at $2.35 EPS.

Stericycle (NASDAQ:SRCL – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The business services provider reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $670.40 million during the quarter, compared to the consensus estimate of $698.26 million. Stericycle had a net margin of 2.07% and a return on equity of 7.95%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share.

Several other equities analysts also recently commented on the stock. TheStreet raised shares of Stericycle from a “d+” rating to a “c” rating in a research note on Tuesday, March 7th. StockNews.com raised shares of Stericycle from a “hold” rating to a “buy” rating in a research note on Wednesday, March 29th. Finally, Robert W. Baird downgraded shares of Stericycle from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $65.00 to $53.00 in a research note on Friday, February 24th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.50.

Stericycle Stock Performance

Shares of NASDAQ:SRCL opened at $42.31 on Tuesday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 69.36, a price-to-earnings-growth ratio of 2.74 and a beta of 1.23. The company has a 50-day moving average price of $47.47 and a 200-day moving average price of $48.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61. Stericycle has a 12 month low of $39.63 and a 12 month high of $58.16.

Insider Activity

In other news, Director Naren K. Gursahaney purchased 6,000 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were purchased at an average price of $47.91 per share, for a total transaction of $287,460.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at approximately $287,460. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Stericycle by 1.6% during the third quarter. Vanguard Group Inc. now owns 8,681,888 shares of the business services provider’s stock valued at $365,594,000 after purchasing an additional 139,456 shares during the period. Alliancebernstein L.P. raised its position in Stericycle by 1.8% in the fourth quarter. Alliancebernstein L.P. now owns 6,963,391 shares of the business services provider’s stock worth $347,404,000 after acquiring an additional 124,712 shares during the period. Clarkston Capital Partners LLC raised its position in Stericycle by 1.1% in the third quarter. Clarkston Capital Partners LLC now owns 5,683,657 shares of the business services provider’s stock worth $239,339,000 after acquiring an additional 62,745 shares during the period. Capital Research Global Investors raised its position in Stericycle by 1.2% in the first quarter. Capital Research Global Investors now owns 4,396,958 shares of the business services provider’s stock worth $259,069,000 after acquiring an additional 51,885 shares during the period. Finally, Ariel Investments LLC raised its position in Stericycle by 2.3% in the first quarter. Ariel Investments LLC now owns 4,340,429 shares of the business services provider’s stock worth $255,738,000 after acquiring an additional 95,921 shares during the period. Institutional investors own 98.06% of the company’s stock.

About Stericycle

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Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).

Further Reading

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