Stericycle, Inc. to Post Q2 2024 Earnings of $0.57 Per Share, Barrington Research Forecasts (NASDAQ:SRCL)

Stericycle, Inc. (NASDAQ:SRCL) – Stock analysts at Barrington Research increased their Q2 2024 earnings per share estimates for shares of Stericycle in a report issued on Tuesday, April 30th. Barrington Research analyst K. Steinke now anticipates that the business services provider will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.55. The consensus estimate for Stericycle’s current full-year earnings is $2.31 per share. Barrington Research also issued estimates for Stericycle’s Q3 2024 earnings at $0.59 EPS, Q4 2024 earnings at $0.62 EPS and FY2025 earnings at $2.75 EPS.

Several other research analysts also recently commented on SRCL. Robert W. Baird reduced their price objective on Stericycle from $62.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Wells Fargo & Company upped their price objective on shares of Stericycle from $40.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. StockNews.com downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Truist Financial lowered their price target on shares of Stericycle from $57.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Stericycle from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Stericycle currently has an average rating of “Hold” and an average target price of $59.40.

Stericycle Stock Performance

Shares of NASDAQ:SRCL opened at $46.18 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $4.29 billion, a PE ratio of -209.91, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. The firm’s 50 day simple moving average is $50.99 and its 200-day simple moving average is $48.23. Stericycle has a one year low of $37.78 and a one year high of $57.06.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $664.90 million for the quarter, compared to analysts’ expectations of $676.42 million. Stericycle had a negative net margin of 0.74% and a positive return on equity of 7.31%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share.

Institutional Trading of Stericycle

A number of institutional investors have recently modified their holdings of SRCL. Nicollet Investment Management Inc. lifted its position in Stericycle by 169.6% during the first quarter. Nicollet Investment Management Inc. now owns 17,909 shares of the business services provider’s stock valued at $945,000 after acquiring an additional 11,266 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings 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 valued at $420,000 after purchasing an additional 1,408 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Stericycle by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock worth $6,129,000 after purchasing an additional 305 shares in the last quarter. Van ECK Associates Corp grew its stake in Stericycle by 26.4% during the 1st quarter. Van ECK Associates Corp now owns 106,154 shares of the business services provider’s stock worth $5,600,000 after buying an additional 22,166 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Stericycle by 23.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 557,562 shares of the business services provider’s stock valued at $29,411,000 after buying an additional 107,562 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

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.