Revenue Update on Stericycle Inc(NASDAQ:SRCL)

Stericycle Inc(NASDAQ:SRCL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $891.62M. Analysts estimated a revenue of $912.95M. Earnings per share were $1.18. Analysts had estimated an EPS of $1.18.

In a different note, On May 26, 2016, Imperial Capital said it Maintains its rating on Stericycle Inc. In the research note, the firm Raises the price-target to $95.00 per share. The shares have been rated ‘In-line’ by the firm. On May 2, 2016, Imperial Capital said it Maintains its rating on Stericycle Inc. In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘In-line’ by the firm.

Stericycle Inc (SRCL) made into the market gainers list on Thursdays trading session with the shares advancing 0.23% or 0.2 points. Due to strong positive momentum, the stock ended at $88.19, which is also near the day’s high of $88.54. The stock began the session at $88.15 and the volume stood at 13,72,363 shares. The 52-week high of the shares is $151.57 and the 52 week low is $81.99. The company has a current market capitalization of $7,488 M and it has 8,49,12,603 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, Mark C Miller (director) sold 34,835 shares at $104.52 per share price.Also, On Feb 23, 2016, Daniel Ginnetti (Chief Financial Officer) sold 17,184 shares at $110.75 per share price.On Dec 15, 2015, John P Schetz (EVP & General Counsel) sold 1,190 shares at $116.34 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 Company’s 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 Company’s 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).

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