For its first fiscal quarter (ending June 30), Steris Plc (NYSE: STE) has reported a 13% increase in E.P.S. from $1.25 a year ago to $1.41 in the current quarter. E.P.S. were $5.74 for the latest four quarters through June 30 versus $1.23 for the same period a year ago — an increase of 367%.
Recent Price Action
On 8/6/24, Steris Plc (NYSE: STE) stock rose modestly by 0.5%, closing at $239.18. Moreover, trading volume in this advance was unusually high at 177% of normal. The stock has risen 1.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
STE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Steris has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Steris has a neutral Power Rating of 42 and a slightly negative Appreciation Score of 32, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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