STERIS plc (STE) attracts a new wave of investors despite economic turmoil

The closing price of STERIS plc (NYSE: STE) was $177.21 for the day, up 6.75% from the previous closing price of $166.01. In other words, the price has increased by $+11.67 from its previous closing price. On the day, 1282994 shares were traded. STE stock price reached its highest trading level at $180.01 during the session, while it also had its lowest trading level at $166.99.

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Our analysis of STE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 68.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 79.45. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.50.

Upgrades & Downgrades

On July 14, 2022, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $240.

On April 07, 2022, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $275.Wolfe Research initiated its Outperform rating on April 07, 2022, with a $275 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 15 when Zangerle John Adam sold 2,659 shares for $205.31 per share. The transaction valued at 545,919 led to the insider holds 27,936 shares of the business.

Zangerle John Adam sold 8,000 shares of STE for $2,043,876 on Apr 20. The Sr. VP, Gen Counsel, and Sec. now owns 31,023 shares after completing the transaction at $255.48 per share. On Apr 07, another insider, TOKICH MICHAEL J, who serves as the Sr. Vice Pres., CFO of the company, sold 8,000 shares for $250.00 each. As a result, the insider received 2,000,000 and left with 38,444 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 3.05.

Stock Price History:

Over the past 52 weeks, STE has reached a high of $255.93, while it has fallen to a 52-week low of $159.21. The 50-Day Moving Average of the stock is 172.53, while the 200-Day Moving Average is calculated to be 209.86.

Shares Statistics:

STE traded an average of 642.31K shares per day over the past three months and 680.45k shares per day over the past ten days. A total of 99.97M shares are outstanding, with a floating share count of 99.53M. Insiders hold about 0.20% of the company’s shares, while institutions hold 96.00% stake in the company. Shares short for STE as of Oct 13, 2022 were 1.68M with a Short Ratio of 1.81M, compared to 1.73M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.68% and a Short% of Float of 1.91%.

Dividends & Splits

With its trailing 12-month dividend rate of 1.54, STE has a forward annual dividend rate of 1.88. Against a Trailing Annual Dividend Yield of 0.93%, it implies a Forward Annual Dividend Yield of 1.09%. The stock’s 5-year Average Dividend Yield is 0.96.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $1.99 for the current quarter, with a high estimate of $2.04 and a low estimate of $1.93, while EPS last year was $1.99. The consensus estimate for the next quarter is $2.22, with high estimates of $2.27 and low estimates of $2.17.

Analysts are recommending an EPS of between $8.56 and $8.47 for the fiscal current year, implying an average EPS of $8.51. EPS for the following year is $9.44, with 5 analysts recommending between $9.59 and $9.2.

Revenue Estimates

A total of 6 analysts have provided revenue estimates for STE’s current fiscal year. The highest revenue estimate was $5B, while the lowest revenue estimate was $4.97B, resulting in an average revenue estimate of $4.98B. In the same quarter a year ago, actual revenue was $4.59B, up 8.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $5.31B in the next fiscal year. The high estimate is $5.42B and the low estimate is $5.16B. The average revenue growth estimate for next year is up 6.60% from the average revenue estimate for this year.