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

StockNews.com assumed coverage on shares of Stericycle (NASDAQ:SRCL - Free Report) in a research report released on Saturday. The brokerage issued a hold rating on the business services provider's stock.

Stericycle Price Performance

Shares of SRCL traded up $0.01 during mid-day trading on Friday, hitting $60.90. The company's stock had a trading volume of 390,434 shares, compared to its average volume of 1,134,481. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. Stericycle has a 1-year low of $37.78 and a 1-year high of $61.77. The firm has a market capitalization of $5.65 billion, a P/E ratio of 160.26, a P/E/G ratio of 3.32 and a beta of 1.11. The firm has a 50-day simple moving average of $60.35 and a 200 day simple moving average of $55.99.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SRCL. First Eagle Investment Management LLC grew its holdings in shares of 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 worth $12,817,000 after acquiring an additional 12,000 shares during the period. Illinois Municipal Retirement Fund purchased a new position in shares of Stericycle in the first quarter valued at $756,000. Sei Investments Co. boosted its position in shares of 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 buying an additional 63,112 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Stericycle in the 1st quarter valued at about $1,023,000. Finally, BNP Paribas Financial Markets increased its holdings in Stericycle by 21.5% during the 1st quarter. BNP Paribas Financial Markets now owns 7,957 shares of the business services provider's stock valued at $420,000 after acquiring an additional 1,408 shares in the last quarter. 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.