Steris (STE) Issues FY 2019 Earnings Guidance

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Steris (NYSE:STE) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $4.74-4.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.76. The company issued revenue guidance of $2.751-2.751 billion, compared to the consensus revenue estimate of $2.75 billion.

STE has been the subject of several research reports. KeyCorp lifted their target price on shares of Steris from $120.00 to $132.00 and gave the company an overweight rating in a report on Tuesday, November 13th. Zacks Investment Research reiterated a buy rating and issued a $132.00 target price on shares of Steris in a report on Friday, November 16th. Finally, Sidoti lifted their target price on shares of Steris from $155.00 to $157.00 and gave the company a buy rating in a report on Thursday, December 6th. Five equities research analysts have rated the stock with a buy rating, Steris presently has an average rating of Buy and a consensus target price of $134.20.

Steris stock traded up $1.27 during trading on Monday, hitting $119.86. The company had a trading volume of 772,423 shares, compared to its average volume of 413,651. Steris has a 1-year low of $83.44 and a 1-year high of $121.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.01 and a current ratio of 2.63. The company has a market capitalization of $10.03 billion, a PE ratio of 28.88 and a beta of 1.04.

In related news, VP John Adam Zangerle sold 3,000 shares of Steris stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $115.00, for a total value of $345,000.00. Following the completion of the sale, the vice president now owns 33,796 shares in the company, valued at approximately $3,886,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.38% of the stock is currently owned by company insiders.

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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 and Estimates for Steris (NYSE:STE)

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