Steris (STE) Issues FY 2019 Earnings Guidance

Steris (NYSE:STE) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided EPS guidance of $4.74-4.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.76. The company issued revenue guidance of $2.751-2.751 billion, compared to the consensus revenue estimate of $2.75 billion.

NYSE:STE traded up $1.27 on Monday, hitting $119.86. The stock had a trading volume of 772,423 shares, compared to its average volume of 413,651. The firm has a market cap of $10.03 billion, a P/E ratio of 28.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.01 and a current ratio of 2.63. Steris has a 52 week low of $83.44 and a 52 week high of $121.67.

A number of research firms have recently weighed in on STE. KeyCorp raised their target price on Steris from $120.00 to $132.00 and gave the company an overweight rating in a report on Tuesday, November 13th. Zacks Investment Research restated a buy rating and issued a $132.00 target price on shares of Steris in a report on Friday, November 16th. Finally, Sidoti raised their target price on Steris from $155.00 to $157.00 and gave the company a buy rating in a report on Thursday, December 6th. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of $134.20.

In other news, VP John Adam Zangerle sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $115.00, for a total value of $345,000.00. Following the transaction, the vice president now owns 33,796 shares in the company, valued at $3,886,540. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.38% of the stock is owned by company insiders.

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Steris Company Profile

STERIS plc provides infection prevention and other procedural products and services worldwide. The company operates in four segments: Healthcare Products, Healthcare Specialty Services, Life Sciences, and Applied Sterilization Technologies. The Healthcare Products segment offers cleaning chemistries and sterility assurance products; accessories for gastrointestinal (GI) procedures, washers, sterilizers, and other pieces of capital equipment for the operations of a sterile processing department; and equipment used in the operating room, including surgical tables, lights, equipment management services, and connectivity solutions.

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Earnings History and Estimates for Steris (NYSE:STE)

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