Q3 2022 EPS Estimates for Stericycle, Inc. (NASDAQ:SRCL) Reduced by Analyst

Stericycle, Inc. (NASDAQ:SRCL – Get Rating) – Research analysts at Oppenheimer cut their Q3 2022 earnings estimates for Stericycle in a research report issued to clients and investors on Monday, August 8th. Oppenheimer analyst S. Schneeberger now anticipates that the business services provider will earn $0.56 per share for the quarter, down from their previous estimate of $0.58. The consensus estimate for Stericycle’s current full-year earnings is $2.04 per share. Oppenheimer also issued estimates for Stericycle’s Q4 2022 earnings at $0.65 EPS.

Stericycle (NASDAQ:SRCL – Get Rating) last announced its earnings results on Friday, August 5th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $679.80 million during the quarter, compared to analyst estimates of $678.27 million. Stericycle had a negative net margin of 3.28% and a positive return on equity of 6.22%. Stericycle’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS.

A number of other equities analysts have also issued reports on SRCL. Barrington Research reiterated a “market perform” rating on shares of Stericycle in a research report on Tuesday, April 19th. Berenberg Bank lowered shares of Stericycle from a “buy” rating to a “hold” rating and decreased their target price for the company from $95.00 to $46.00 in a research report on Thursday, May 12th. They noted that the move was a valuation call. Robert W. Baird cut their price target on shares of Stericycle from $72.00 to $63.00 in a report on Friday, April 29th. StockNews.com downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Finally, TheStreet downgraded shares of Stericycle from a “c” rating to a “d+” rating in a report on Thursday, May 12th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $58.67.

Stericycle Price Performance

SRCL traded up $0.98 on Wednesday, reaching $52.26. The company had a trading volume of 444 shares, compared to its average volume of 452,809. The company has a fifty day moving average of $45.39 and a 200-day moving average of $51.63. The company has a market capitalization of $4.81 billion, a P/E ratio of -53.98, a PEG ratio of 3.10 and a beta of 1.30. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.71. Stericycle has a one year low of $40.35 and a one year high of $72.11.

Institutional Investors Weigh In On Stericycle

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC bought a new position in Stericycle in the first quarter worth $34,000. Quent Capital LLC acquired a new stake in shares of Stericycle in the fourth quarter valued at $33,000. EverSource Wealth Advisors LLC increased its position in Stericycle by 97.2% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the business services provider’s stock worth $25,000 after purchasing an additional 282 shares during the period. Covestor Ltd acquired a new stake in Stericycle in the fourth quarter worth about $43,000. Finally, First Bank & Trust increased its position in Stericycle by 13.4% in the first quarter. First Bank & Trust now owns 1,756 shares of the business services provider’s stock worth $103,000 after purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 99.89% of the company’s stock.

Stericycle Company Profile

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Stericycle, Inc., together with its subsidiaries, provides regulated and compliance solutions in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including sharps disposable and management solutions; pharmaceutical waste services; hazardous waste disposal; maritime waste services, such as seaport and airport waste; and compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.

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Earnings History and Estimates for Stericycle (NASDAQ:SRCL)

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