Stericycle (NASDAQ:SRCL) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCL) in a research note issued on Friday. The brokerage set a “hold” rating on the business services provider’s stock.

Stericycle Stock Up 0.0 %

Shares of Stericycle stock opened at $60.92 on Friday. Stericycle has a twelve month low of $37.78 and a twelve month high of $61.77. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of -276.91, a PEG ratio of 3.33 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The business’s 50 day simple moving average is $60.07 and its 200-day simple moving average is $55.65.

Stericycle (NASDAQ:SRCL) last released its quarterly earnings data 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 business had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $672.07 million. Equities research analysts forecast that Stericycle will post 2.29 earnings per share for the current year.

Hedge Funds Weigh In On Stericycle

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Stericycle by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 8,969,118 shares of the business services provider’s stock valued at $444,509,000 after purchasing an additional 52,576 shares in the last quarter. GAMMA Investing LLC grew its position in Stericycle by 170.9% in the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock worth $43,000 after buying an additional 516 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Stericycle by 23.9% in the first 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. State of Michigan Retirement System lifted its position in shares of Stericycle by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 22,719 shares of the business services provider’s stock valued at $1,198,000 after acquiring an additional 500 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Stericycle by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 348,324 shares of the business services provider’s stock worth $18,374,000 after acquiring an additional 8,668 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Stericycle Company Profile

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.