Shares of Stericycle, Inc. (NASDAQ:SRCL) were up 6.1% during mid-day trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $83.25 and last traded at $77.74, with a volume of 1,696,972 shares changing hands. The stock had previously closed at $82.76.
The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Stericycle had a net margin of 5.23% and a return on equity of 14.40%. The business had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. During the same quarter in the prior year, the business earned $1.18 EPS. Stericycle’s quarterly revenue was up 2.9% on a year-over-year basis.
SRCL has been the topic of a number of analyst reports. Deutsche Bank AG decreased their target price on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 15th. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the stock a “buy” rating in a research report on Saturday, May 6th. Zacks Investment Research upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, April 25th. BMO Capital Markets initiated coverage on shares of Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price on the stock. Finally, Barclays PLC initiated coverage on shares of Stericycle in a research report on Thursday, April 13th. They set an “overweight” rating and a $100.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Stericycle currently has a consensus rating of “Hold” and an average target price of $81.15.
Several hedge funds have recently bought and sold shares of SRCL. Douglass Winthrop Advisors LLC purchased a new stake in Stericycle during the first quarter valued at about $243,000. Creative Planning raised its stake in Stericycle by 38.5% in the first quarter. Creative Planning now owns 3,483 shares of the business services provider’s stock valued at $289,000 after buying an additional 968 shares in the last quarter. S&CO Inc. raised its stake in Stericycle by 2.5% in the first quarter. S&CO Inc. now owns 47,766 shares of the business services provider’s stock valued at $3,959,000 after buying an additional 1,176 shares in the last quarter. Raymond James Trust N.A. raised its stake in Stericycle by 5.7% in the first quarter. Raymond James Trust N.A. now owns 2,951 shares of the business services provider’s stock valued at $244,000 after buying an additional 158 shares in the last quarter. Finally, West Oak Capital LLC raised its stake in Stericycle by 26.7% in the first quarter. West Oak Capital LLC now owns 12,415 shares of the business services provider’s stock valued at $1,029,000 after buying an additional 2,620 shares in the last quarter. Institutional investors and hedge funds own 95.12% of the company’s stock.
The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 40.75 and a beta of 0.13. The stock has a 50 day moving average of $76.84 and a 200-day moving average of $80.67.
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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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