Stericycle (NASDAQ:SRCL) announced its quarterly earnings data on Thursday. The business services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.27), Morningstar.com reports. The firm had revenue of $845.80 million during the quarter, compared to analyst estimates of $843.95 million. Stericycle had a negative net margin of 8.92% and a positive return on equity of 12.56%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. Stericycle updated its FY19 guidance to $2.50-2.85 EPS.
Shares of SRCL stock traded down $1.45 during mid-day trading on Thursday, reaching $44.51. The stock had a trading volume of 4,121,310 shares, compared to its average volume of 1,047,373. The business has a fifty day moving average of $46.43. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.17. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21. Stericycle has a 1-year low of $34.36 and a 1-year high of $71.43.
A number of brokerages have recently weighed in on SRCL. Robert W. Baird lowered Stericycle from a “neutral” rating to an “underperform” rating and set a $44.00 price objective on the stock. in a report on Wednesday, April 17th. ValuEngine lowered Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Bank of America reissued an “underperform” rating and issued a $44.00 price objective (down from $46.00) on shares of Stericycle in a report on Wednesday, July 17th. BidaskClub lowered Stericycle from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. Finally, Zacks Investment Research lowered Stericycle from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 7th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Stericycle presently has an average rating of “Hold” and an average target price of $55.67.
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.
See Also: What are municipal bonds?
Receive News & Ratings for Stericycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stericycle and related companies with MarketBeat.com's FREE daily email newsletter.