Stericycle Inc (NASDAQ:SRCL) – Research analysts at William Blair upped their Q3 2018 earnings estimates for Stericycle in a report released on Wednesday. William Blair analyst R. Daniels now forecasts that the business services provider will earn $1.18 per share for the quarter, up from their prior estimate of $1.11. William Blair also issued estimates for Stericycle’s Q4 2018 earnings at $1.18 EPS and FY2018 earnings at $4.53 EPS.
SRCL has been the topic of a number of other research reports. Barrington Research lowered their target price on shares of Stericycle from $87.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 target price (down previously from $95.00) on shares of Stericycle in a report on Thursday, November 9th. Jefferies Group set a $83.00 price target on shares of Stericycle and gave the company a “buy” rating in a research report on Wednesday, December 13th. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Stericycle to $75.00 and gave the company an “underperform” rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $71.50.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Wednesday, February 21st. The business services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.14). Stericycle had a net margin of 1.18% and a return on equity of 13.83%. The business had revenue of $887.80 million for the quarter, compared to the consensus estimate of $882.62 million. During the same period in the previous year, the firm earned $1.00 EPS. The company’s revenue was down 2.1% compared to the same quarter last year.
In other news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $67.43, for a total transaction of $1,331,944.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Community Financial Services Group LLC grew its position in Stericycle by 1.5% in the fourth quarter. Community Financial Services Group LLC now owns 53,975 shares of the business services provider’s stock worth $3,669,000 after acquiring an additional 795 shares in the last quarter. California State Teachers Retirement System grew its position in Stericycle by 0.6% in the fourth quarter. California State Teachers Retirement System now owns 138,949 shares of the business services provider’s stock worth $9,447,000 after acquiring an additional 815 shares in the last quarter. Armstrong Henry H Associates Inc. grew its position in Stericycle by 6.9% in the fourth quarter. Armstrong Henry H Associates Inc. now owns 12,830 shares of the business services provider’s stock worth $872,000 after acquiring an additional 830 shares in the last quarter. Amalgamated Bank grew its position in Stericycle by 9.6% in the fourth quarter. Amalgamated Bank now owns 10,442 shares of the business services provider’s stock worth $710,000 after acquiring an additional 918 shares in the last quarter. Finally, S&CO Inc. grew its position in Stericycle by 1.9% in the third quarter. S&CO Inc. now owns 49,695 shares of the business services provider’s stock worth $3,559,000 after acquiring an additional 929 shares in the last quarter. Institutional investors own 92.57% of the company’s stock.
Stericycle Company Profile
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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