Stericycle (NASDAQ:SRCL) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Stericycle (NASDAQ:SRCL) in a report released on Thursday. The firm set a “hold” rating on the business services provider’s stock.

Stericycle Stock Down 0.1 %

Shares of NASDAQ SRCL opened at $61.00 on Thursday. Stericycle has a 52-week low of $37.78 and a 52-week high of $61.77. The firm has a fifty day moving average of $59.83 and a 200-day moving average of $55.37. The stock has a market capitalization of $5.66 billion, a PE ratio of -277.27, a P/E/G ratio of 3.33 and a beta of 1.11. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55.

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

Institutional Investors Weigh In On Stericycle

Institutional investors have recently modified their holdings of the stock. Clearstead Trust LLC acquired a new stake in shares of Stericycle in the 1st quarter valued at about $25,000. GAMMA Investing LLC raised its stake in Stericycle by 170.9% during the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock worth $43,000 after acquiring an additional 516 shares during the period. TFO Wealth Partners LLC raised its stake in Stericycle by 22,325.0% during the fourth quarter. TFO Wealth Partners LLC now owns 897 shares of the business services provider’s stock worth $44,000 after acquiring an additional 893 shares during the period. Headlands Technologies LLC bought a new position in Stericycle in the 1st quarter worth about $44,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Stericycle in the second quarter valued at approximately $45,000. 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.