Stericycle (NASDAQ:SRCL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Stericycle (NASDAQ:SRCL) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the business services provider’s stock.

Stericycle Stock Down 0.1 %

SRCL opened at $61.00 on Thursday. The firm has a market capitalization of $5.66 billion, a P/E ratio of -277.27, a price-to-earnings-growth ratio of 3.33 and a beta of 1.11. Stericycle has a one year low of $37.78 and a one year high of $61.77. The company has a fifty day moving average price of $59.88 and a 200-day moving average price of $55.43. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13.

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

Institutional Investors Weigh In On Stericycle

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Trust LLC purchased a new position in Stericycle in the 1st quarter worth approximately $25,000. 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 acquiring an additional 516 shares in the last quarter. TFO Wealth Partners LLC raised its position 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 valued at $44,000 after purchasing an additional 893 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Stericycle during the first quarter valued at about $44,000. Finally, International Assets Investment Management LLC bought a new stake in Stericycle during the second quarter worth about $45,000. 98.82% of the stock is owned by hedge funds and other 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.