StockNews.com assumed coverage on shares of Stericycle (NASDAQ:SRCL - Free Report) in a research report released on Sunday morning. The brokerage issued a hold rating on the business services provider's stock.
Stericycle Stock Performance
NASDAQ SRCL traded up $0.04 during trading hours on Friday, reaching $60.91. The stock had a trading volume of 468,526 shares, compared to its average volume of 1,120,243. Stericycle has a 52-week low of $37.78 and a 52-week high of $61.77. The stock has a fifty day moving average of $60.56 and a 200 day moving average of $56.39. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $5.65 billion, a P/E ratio of -276.86, a price-to-earnings-growth ratio of 3.33 and a beta of 1.11.
Stericycle (NASDAQ:SRCL - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. The business had revenue of $661.60 million for the quarter, compared to the consensus estimate of $672.07 million. Sell-side analysts predict that Stericycle will post 2.29 earnings per share for the current year.
Hedge Funds Weigh In On Stericycle
Institutional investors and hedge funds have recently modified their holdings of the stock. Clearstead Trust LLC acquired a new position in shares of Stericycle in the 1st quarter valued at $25,000. Headlands Technologies LLC purchased a new stake in shares of Stericycle during the 1st quarter worth about $44,000. International Assets Investment Management LLC acquired a new stake in shares of Stericycle during the 2nd quarter valued at about $45,000. Quest Partners LLC increased its stake in shares of Stericycle by 4,172.7% in the 2nd 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 in the last quarter. Finally, Summit Securities Group LLC acquired a new position in Stericycle in the 2nd quarter worth about $58,000. Institutional investors and hedge funds own 98.82% of the company's stock.
About Stericycle
(
Get Free Report)
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.
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