Stericycle (NASDAQ:SRCL) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Stericycle (NASDAQ:SRCL) in a report released on Thursday morning. The firm issued a hold rating on the business services provider’s stock.

Stericycle Trading Down 0.1 %

Shares of SRCL opened at $61.00 on Thursday. The stock has a fifty day moving average price of $59.88 and a two-hundred day moving average price of $55.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. Stericycle has a 52-week low of $37.78 and a 52-week high of $61.77. The company has a market cap of $5.66 billion, a price-to-earnings ratio of -277.27, a PEG ratio of 3.33 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last released its earnings results 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. The company had revenue of $661.60 million during the quarter, compared to the consensus estimate of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. Analysts predict that Stericycle will post 2.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Stericycle

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama raised its position in shares of Stericycle by 0.3% during the first quarter. Retirement Systems of Alabama now owns 116,185 shares of the business services provider’s stock worth $6,129,000 after acquiring an additional 305 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Stericycle by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 40,838 shares of the business services provider’s stock worth $2,024,000 after purchasing an additional 400 shares during the period. Mirova grew its stake in shares of Stericycle by 0.9% during the first quarter. Mirova now owns 47,345 shares of the business services provider’s stock worth $2,497,000 after purchasing an additional 428 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Stericycle by 6.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock worth $433,000 after purchasing an additional 449 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in shares of Stericycle during the first quarter worth $25,000. Institutional investors own 98.82% of the company’s stock.

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.