Stericycle Inc (SRCL) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $1.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $1.13. The company posted revenue of $874.20 million in the period, compared to analysts expectations of $869.95 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Stericycle Inc. Shares were Downgraded by RBC Capital Mkts on Apr 29, 2016 to ” Underperform” and Lowered the Price Target to $ 96 from a previous price target of $119 .Stericycle Inc was Downgraded by Raymond James to ” Mkt Perform” on Apr 29, 2016. Stericycle Inc was Downgraded by Stifel to ” Hold” on Apr 29, 2016.
Stericycle Inc opened for trading at $122.41 and hit $123.7 on the upside on Wednesday, eventually ending the session at $122.99, with a gain of 0.32% or 0.39 points. The heightened volatility saw the trading volume jump to 14,43,059 shares. Company has a market cap of $10,411 M.
In a different news, on Feb 23, 2016, Daniel Ginnetti (Chief Financial Officer) sold 17,184 shares at $110.75 per share price. According to the SEC, on Dec 15, 2015, John P Schetz (EVP & General Counsel) sold 1,190 shares at $116.34 per share price. On Aug 19, 2015, Rodney F Dammeyer (director) sold 8,500 shares at $147.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Stericycle Inc. is engaged in the business of providing regulated and compliance solutions to healthcare and commercial businesses. The Companys solutions include the collection and processing of specialized waste for disposal and a variety of training consulting recall/return communication and compliance services which include training consulting inbound/outbound communications data reporting and other regulatory compliance services. The Company operates regulated waste management networks in the United States Argentina Brazil Canada Chile Ireland Japan Mexico Portugal Romania South Korea Spain and the United Kingdom. The Company operates through two segments: United States and International. The Companys networks include a total of 181 processing facilities 214 transfer sites and 97 other service facilities. Its regulated waste processing technology is primarily autoclaving. The Company also uses incineration and electro-thermal-deactivation system (ETD).