Q2 2023 EPS Estimates for Stericycle, Inc. (NASDAQ:SRCL) Lifted by Analyst

Posted by Defense World Staff on May 5th, 2023

Stericycle, Inc. (NASDAQ:SRCL – Get Rating) – Equities research analysts at Barrington Research raised their Q2 2023 earnings per share estimates for shares of Stericycle in a research note issued on Wednesday, May 3rd. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings per share of $0.51 for the quarter, up from their prior forecast of $0.50. The consensus estimate for Stericycle’s current full-year earnings is $1.91 per share. Barrington Research also issued estimates for Stericycle’s Q3 2023 earnings at $0.47 EPS and Q4 2023 earnings at $0.46 EPS.

Other analysts also recently issued reports about the stock. StockNews.com raised shares of Stericycle from a “hold” rating to a “buy” rating in a report on Monday. TheStreet upgraded shares of Stericycle from a “d+” rating to a “c” rating in a report on Tuesday, March 7th. Truist Financial started coverage on shares of Stericycle in a report on Monday, April 17th. They set a “hold” rating and a $45.00 target price on the stock. Finally, Robert W. Baird cut shares of Stericycle from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $65.00 to $53.00 in a research report on Friday, February 24th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.00.

Stericycle Price Performance

SRCL opened at $43.65 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 0.97. The company has a 50-day moving average of $43.54 and a 200-day moving average of $48.14. The company has a market capitalization of $4.04 billion, a P/E ratio of 49.60, a PEG ratio of 3.03 and a beta of 1.23. Stericycle has a 1-year low of $39.63 and a 1-year high of $56.12.

Stericycle (NASDAQ:SRCL – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Stericycle had a net margin of 2.99% and a return on equity of 8.58%. The firm had revenue of $684.30 million during the quarter, compared to the consensus estimate of $670.61 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Naren K. Gursahaney purchased 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was purchased at an average price of $47.91 per share, with a total value of $287,460.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at $287,460. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stericycle

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRCL. Ancora Advisors LLC purchased a new position in shares of Stericycle during the 1st quarter worth $34,000. International Assets Investment Management LLC acquired a new position in shares of Stericycle during the first quarter valued at approximately $35,000. Belpointe Asset Management LLC purchased a new position in Stericycle during the 4th quarter worth approximately $37,000. CWM LLC boosted its stake in shares of Stericycle by 318.0% during the 4th quarter. CWM LLC now owns 790 shares of the business services provider’s stock valued at $39,000 after buying an additional 601 shares during the period. Finally, Point72 Middle East FZE bought a new position in Stericycle in the 4th quarter worth $39,000. Institutional investors and hedge funds own 98.06% of the company’s stock.

Stericycle Company Profile

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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).