Stericycle Inc (NASDAQ:SRCL) Expected to Post Quarterly Sales of $802.91 Million

Equities research analysts predict that Stericycle Inc (NASDAQ:SRCL) will announce sales of $802.91 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Stericycle’s earnings. The lowest sales estimate is $791.00 million and the highest is $812.27 million. Stericycle posted sales of $852.70 million during the same quarter last year, which suggests a negative year-over-year growth rate of 5.8%. The company is scheduled to report its next quarterly earnings report on Thursday, February 27th.

On average, analysts expect that Stericycle will report full-year sales of $3.32 billion for the current fiscal year, with estimates ranging from $3.30 billion to $3.33 billion. For the next financial year, analysts forecast that the business will post sales of $3.32 billion, with estimates ranging from $3.24 billion to $3.41 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Stericycle.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, October 31st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.12. The business had revenue of $833.10 million during the quarter, compared to the consensus estimate of $842.21 million. Stericycle had a negative net margin of 13.26% and a positive return on equity of 10.52%. Stericycle’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS.

Several research analysts have recently commented on SRCL shares. BidaskClub upgraded Stericycle from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet raised Stericycle from a “d+” rating to a “c-” rating in a report on Thursday, October 31st. Royal Bank of Canada began coverage on Stericycle in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $75.00 price target on the stock. Finally, Jefferies Financial Group started coverage on Stericycle in a report on Wednesday, November 27th. They set a “hold” rating and a $68.00 price target for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.43.

NASDAQ:SRCL opened at $65.71 on Friday. Stericycle has a 12-month low of $34.36 and a 12-month high of $66.28. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 2.99 and a beta of 1.27. The stock’s 50 day moving average price is $59.84 and its two-hundred day moving average price is $50.09. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.19.

In related news, EVP Daniel Ginnetti sold 6,000 shares of Stericycle stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $55.47, for a total transaction of $332,820.00. Following the completion of the sale, the executive vice president now directly owns 15,943 shares of the company’s stock, valued at approximately $884,358.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SRCL. Bank of New York Mellon Corp boosted its stake in shares of Stericycle by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 923,897 shares of the business services provider’s stock valued at $44,116,000 after buying an additional 43,112 shares during the period. Earnest Partners LLC lifted its holdings in shares of Stericycle by 20.6% in the second quarter. Earnest Partners LLC now owns 414,326 shares of the business services provider’s stock worth $19,784,000 after acquiring an additional 70,892 shares during the last quarter. Callodine Capital Management LP lifted its holdings in shares of Stericycle by 52.3% in the second quarter. Callodine Capital Management LP now owns 220,872 shares of the business services provider’s stock worth $10,547,000 after acquiring an additional 75,872 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Stericycle by 6.8% in the 3rd quarter. Texas Permanent School Fund now owns 62,020 shares of the business services provider’s stock valued at $3,159,000 after purchasing an additional 3,940 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Stericycle by 3.7% in the 2nd quarter. Northern Trust Corp now owns 880,250 shares of the business services provider’s stock valued at $42,031,000 after purchasing an additional 31,193 shares in the last quarter.

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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