Zacks: Analysts Anticipate Stericycle Inc (NASDAQ:SRCL) Will Announce Earnings of $0.69 Per Share

Brokerages expect Stericycle Inc (NASDAQ:SRCL) to post earnings of $0.69 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Stericycle’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.77. Stericycle posted earnings per share of $1.03 during the same quarter last year, which suggests a negative year-over-year growth rate of 33%. The business is scheduled to report its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Stericycle will report full year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.50 to $2.76. For the next year, analysts forecast that the company will report earnings of $3.10 per share, with EPS estimates ranging from $2.85 to $3.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Stericycle.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.27). Stericycle had a negative net margin of 10.73% and a positive return on equity of 10.90%. The company had revenue of $845.80 million for the quarter, compared to analyst estimates of $843.95 million. During the same period in the prior year, the company posted $1.17 EPS. The business’s revenue was down 4.2% on a year-over-year basis.

Several equities analysts have commented on SRCL shares. Robert W. Baird upgraded Stericycle from an “underperform” rating to a “neutral” rating and set a $44.00 price target on the stock in a report on Friday, August 2nd. Bank of America restated an “underperform” rating and issued a $44.00 price objective (down from $46.00) on shares of Stericycle in a research note on Wednesday, July 17th. BidaskClub cut shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Tuesday, June 11th. Finally, ValuEngine raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.80.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SRCL. BlackRock Inc. grew its stake in shares of Stericycle by 1.6% in the second quarter. BlackRock Inc. now owns 7,587,862 shares of the business services provider’s stock worth $362,321,000 after acquiring an additional 117,311 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Stericycle by 8.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,608,752 shares of the business services provider’s stock valued at $172,318,000 after purchasing an additional 278,461 shares during the period. Iridian Asset Management LLC CT grew its position in Stericycle by 0.9% in the 2nd quarter. Iridian Asset Management LLC CT now owns 3,126,210 shares of the business services provider’s stock worth $149,277,000 after purchasing an additional 27,637 shares during the last quarter. FMR LLC grew its position in Stericycle by 31.8% in the 1st quarter. FMR LLC now owns 2,632,945 shares of the business services provider’s stock worth $143,285,000 after purchasing an additional 635,344 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Stericycle in the 2nd quarter worth $75,114,000.

SRCL traded up $2.35 on Wednesday, hitting $51.12. The company had a trading volume of 1,311,392 shares, compared to its average volume of 1,046,556. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 2.07 and a beta of 1.21. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.04 and a quick ratio of 1.04. The company’s fifty day moving average price is $45.23 and its 200 day moving average price is $48.64. Stericycle has a 1-year low of $34.36 and a 1-year high of $62.80.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Earnings History and Estimates for Stericycle (NASDAQ:SRCL)

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