Stericycle (NASDAQ:SRCL) Coverage Initiated by Analysts at StockNews.com

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

Stericycle Stock Performance

SRCL opened at $60.81 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. Stericycle has a 12-month low of $37.78 and a 12-month high of $61.77. The business has a 50 day moving average of $60.11 and a 200-day moving average of $55.75. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 160.03, a PEG ratio of 3.33 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $672.07 million. On average, equities research analysts expect that Stericycle will post 2.29 earnings per share for the current year.

Institutional Investors Weigh In On Stericycle

Institutional investors have recently made changes to their positions in the company. First Eagle Investment Management LLC boosted its stake in Stericycle by 5.2% in the 1st quarter. First Eagle Investment Management LLC now owns 242,975 shares of the business services provider’s stock valued at $12,817,000 after purchasing an additional 12,000 shares during the period. Illinois Municipal Retirement Fund bought a new position in Stericycle during the first quarter worth about $756,000. Sei Investments Co. raised its stake in Stericycle by 5.9% in the 1st quarter. Sei Investments Co. now owns 1,124,481 shares of the business services provider’s stock worth $59,316,000 after purchasing an additional 63,112 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Stericycle in the 1st quarter worth about $1,023,000. Finally, BNP Paribas Financial Markets boosted its holdings in Stericycle by 21.5% in the 1st quarter. BNP Paribas Financial Markets now owns 7,957 shares of the business services provider’s stock valued at $420,000 after purchasing an additional 1,408 shares during the period. 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.