Steris Plc (NYSE: STE) has reported earnings for its second fiscal quarter (ending September 30) of $1.52 versus $1.21 for the same period a year ago — an increase of 26%. For the latest four quarters through September 30, E.P.S. were $5.99 compared to $5.66 a year ago — an increase of 6%.
Recent Price Action
On 11/6/24, Steris Plc (NYSE: STE) stock rose slightly by 0.04%, closing at $227.52. Moreover, this advance was accompanied by exceptionally high trading volume at 277% of normal. The stock has performed in line with the market over the last nine months and has risen 1.6% during the last week.
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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Steris has a slightly negative Appreciation Score of 39 and a neutral Power Rating of 57, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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