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

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

Stericycle Stock Performance

NASDAQ:SRCL opened at $60.81 on Friday. Stericycle has a 52-week low of $37.78 and a 52-week high of $61.77. The business’s fifty day moving average is $60.11 and its 200 day moving average is $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. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of -276.41, a PEG ratio of 3.32 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 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 firm had revenue of $661.60 million for the quarter, compared to analysts’ expectations of $672.07 million. Research analysts predict that Stericycle will post 2.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in Stericycle during the first quarter valued at $25,000. GAMMA Investing LLC raised its holdings in shares of Stericycle by 170.9% in the 1st quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 516 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Stericycle during the 1st quarter valued at about $44,000. International Assets Investment Management LLC purchased a new position in shares of Stericycle during the second quarter worth about $45,000. Finally, Quest Partners LLC increased its position in shares of Stericycle by 4,172.7% in the second quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock worth $55,000 after purchasing an additional 918 shares during the last quarter. 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.