For its second fiscal quarter (ending September 30), Steris Plc (NYSE: STE) has reported E.P.S. of $1.17 compared to $-3.15 a year ago. E.P.S. were $5.55 for the latest four quarters through September 30 versus $-0.08 for the same period a year ago.
Recent Price Action
On 11/7/23, Steris Plc (NYSE: STE) stock rose modestly by 0.3%, closing at $218.23. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, STE is expected to continue to be an important Value Builder.
Steris has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Steris has a neutral Appreciation Score of 45 but a very high Power Rating of 85, producing the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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