Stericycle (NASDAQ:SRCL) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Stericycle (NASDAQ:SRCL) in a research report sent to investors on Friday. The brokerage issued a hold rating on the business services provider’s stock.

Stericycle Stock Up 0.1 %

Shares of Stericycle stock opened at $60.85 on Friday. The business’s 50 day simple moving average is $60.15 and its 200 day simple moving average is $55.80. Stericycle has a 52-week low of $37.78 and a 52-week high of $61.77. The firm has a market cap of $5.65 billion, a PE ratio of 160.13, a P/E/G ratio of 3.33 and a beta of 1.11. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13.

Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $661.60 million for the quarter, compared to analyst estimates of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. On average, analysts predict that Stericycle will post 2.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC increased its position in shares of Stericycle by 5.2% during the 1st quarter. First Eagle Investment Management LLC now owns 242,975 shares of the business services provider’s stock worth $12,817,000 after purchasing an additional 12,000 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Stericycle during the 1st quarter worth approximately $756,000. Sei Investments Co. boosted its stake in shares of Stericycle by 5.9% during the 1st quarter. Sei Investments Co. now owns 1,124,481 shares of the business services provider’s stock worth $59,316,000 after acquiring an additional 63,112 shares during the period. Quantbot Technologies LP bought a new position in shares of Stericycle during the 1st quarter worth approximately $1,023,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Stericycle by 21.5% during the 1st quarter. BNP Paribas Financial Markets now owns 7,957 shares of the business services provider’s stock worth $420,000 after acquiring an additional 1,408 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.