$866.11 Million in Sales Expected for Stericycle Inc (SRCL) This Quarter

Analysts forecast that Stericycle Inc (NASDAQ:SRCL) will announce sales of $866.11 million for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Stericycle’s earnings, with the highest sales estimate coming in at $890.50 million and the lowest estimate coming in at $842.70 million. Stericycle posted sales of $895.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.2%. The business is expected to announce its next quarterly earnings results on Thursday, May 2nd.

On average, analysts expect that Stericycle will report full-year sales of $3.46 billion for the current financial year, with estimates ranging from $3.41 billion to $3.50 billion. For the next year, analysts anticipate that the firm will report sales of $3.54 billion, with estimates ranging from $3.47 billion to $3.61 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Stericycle.

Several equities analysts have issued reports on the stock. TheStreet cut shares of Stericycle from a “c-” rating to a “d” rating in a research note on Wednesday, March 20th. BidaskClub upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. ValuEngine cut shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Monday. Robert W. Baird lowered their target price on shares of Stericycle from $56.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 19th. Finally, BMO Capital Markets upped their target price on shares of Stericycle to $50.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.00.

SRCL traded up $0.47 during midday trading on Friday, hitting $56.95. 1,909,432 shares of the company traded hands, compared to its average volume of 1,137,885. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $5.12 billion, a P/E ratio of 12.80, a P/E/G ratio of 2.00 and a beta of 1.09. Stericycle has a 52 week low of $34.36 and a 52 week high of $71.43.

A number of institutional investors and hedge funds have recently bought and sold shares of SRCL. Vanguard Group Inc. increased its holdings in Stericycle by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 9,015,988 shares of the business services provider’s stock worth $529,058,000 after acquiring an additional 228,533 shares in the last quarter. Vanguard Group Inc increased its holdings in Stericycle by 2.6% in the 3rd quarter. Vanguard Group Inc now owns 9,015,988 shares of the business services provider’s stock worth $529,058,000 after acquiring an additional 228,533 shares in the last quarter. BlackRock Inc. increased its holdings in Stericycle by 40.9% in the 4th quarter. BlackRock Inc. now owns 7,616,828 shares of the business services provider’s stock worth $279,461,000 after acquiring an additional 2,210,880 shares in the last quarter. Clarkston Capital Partners LLC increased its holdings in Stericycle by 58.2% in the 4th quarter. Clarkston Capital Partners LLC now owns 3,998,885 shares of the business services provider’s stock worth $146,719,000 after acquiring an additional 1,470,840 shares in the last quarter. Finally, FMR LLC increased its holdings in Stericycle by 22.3% in the 3rd quarter. FMR LLC now owns 2,404,843 shares of the business services provider’s stock worth $141,116,000 after acquiring an additional 438,662 shares in the last quarter. Institutional investors and hedge funds own 96.52% of the company’s stock.

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 collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.

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