Stericycle (NASDAQ:SRCL) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Stericycle (NASDAQ:SRCL - Get Free Report) in a note issued to investors on Friday. The brokerage set a "hold" rating on the business services provider's stock.

Stericycle Price Performance

SRCL traded down $0.11 during midday trading on Friday, hitting $60.81. The stock had a trading volume of 1,609,036 shares, compared to its average volume of 1,149,377. The company has a market cap of $5.65 billion, a P/E ratio of -276.41, a price-to-earnings-growth ratio of 3.32 and a beta of 1.11. The business has a fifty day moving average of $60.11 and a 200 day moving average of $55.71. 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 1 year low of $37.78 and a 1 year high of $61.77.

Stericycle (NASDAQ:SRCL - Get Free Report) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $661.60 million during the quarter, compared to analyst estimates of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. As a group, equities analysts forecast that Stericycle will post 2.29 earnings per share for the current fiscal year.

Institutional Trading of Stericycle

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in Stericycle in the first quarter worth approximately $25,000. GAMMA Investing LLC boosted its stake in shares of Stericycle by 170.9% during the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider's stock valued at $43,000 after purchasing an additional 516 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Stericycle during the first quarter valued at approximately $44,000. International Assets Investment Management LLC purchased a new stake in shares of Stericycle during the second quarter valued at approximately $45,000. Finally, Quest Partners LLC boosted its stake in shares of Stericycle by 4,172.7% during the second quarter. Quest Partners LLC now owns 940 shares of the business services provider's stock valued at $55,000 after purchasing an additional 918 shares during the period. Hedge funds and other institutional investors own 98.82% of the company's stock.

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.