Steris (STE) Set to Announce Earnings on Monday

Steris (NYSE:STE) is scheduled to release its earnings data after the market closes on Monday, August 3rd. Analysts expect Steris to post earnings of $0.97 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Steris (NYSE:STE) last issued its quarterly earnings data on Wednesday, May 13th. The medical equipment provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.07. Steris had a net margin of 13.45% and a return on equity of 16.34%. The business had revenue of $822.99 million for the quarter, compared to analysts’ expectations of $788.37 million. During the same period in the previous year, the business earned $1.53 earnings per share. On average, analysts expect Steris to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NYSE STE opened at $159.63 on Friday. Steris has a fifty-two week low of $105.69 and a fifty-two week high of $168.98. The firm’s 50-day simple moving average is $154.02 and its 200 day simple moving average is $151.87. The company has a quick ratio of 1.91, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a market cap of $13.56 billion, a P/E ratio of 33.47 and a beta of 0.78.

A number of equities research analysts recently weighed in on STE shares. Zacks Investment Research cut shares of Steris from a “hold” rating to a “sell” rating and set a $158.00 price objective on the stock. in a research note on Tuesday, July 14th. Stephens boosted their price target on shares of Steris from $145.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Finally, Needham & Company LLC started coverage on shares of Steris in a research report on Tuesday, June 9th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Steris has an average rating of “Hold” and an average price target of $164.00.

In other Steris news, Director Mohsen Sohi sold 3,218 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $164.12, for a total value of $528,138.16. Following the sale, the director now directly owns 25,579 shares in the company, valued at $4,198,025.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Steris Company Profile

STERIS plc provides infection prevention and other procedural products and services worldwide. The company operates in four segments: Healthcare Products, Healthcare Specialty Services, Life Sciences, and Applied Sterilization Technologies. The Healthcare Products segment offers cleaning chemistries and sterility assurance products; accessories for gastrointestinal (GI) procedures, washers, sterilizers, and other pieces of capital equipment for the operations of a sterile processing department; and equipment used in the operating room, including surgical tables, lights, equipment management services, and connectivity solutions.

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Earnings History for Steris (NYSE:STE)

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