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Friday, September 29, 2023

Analyst Expects STERIS plc (NYSE: STE) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for STERIS plc (STE) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $229.50. The STERIS plc has recorded 99,073 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed STERIS to Present at the Morgan Stanley Healthcare Conference.

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Stocks Info

As a NYSE listed company, STE falls under the Healthcare sector while operating within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $229.50 and fluctuated between $231.81 as its day high and $228.52 as its day low. The current market capitalization of STERIS plc is $22.68B. A total of 0.65 million shares were traded on the day, compared to an average of 383.18K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, STE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 36 SELLs from insiders. Insiders purchased 44,922 shares during that period but sold 37,096.

In the most recent transaction, Breeden Richard C sold 12,130 shares of STE for 208.61 per share on May 16. After the transaction, the Director now owns 27,970 company shares. In a previous transaction on May 16, FELDMANN CYNTHIA L sold 2,058 shares at 209.06 per share. STE shares that Director owns now total 705.

Among the insiders who sold shares, KOSECOFF JACQUELINE B disposed of 4,657 shares on May 15 at a per-share price of $212.56. This resulted in the Director holding 0 shares of STE after the transaction. In another insider transaction, Breeden Richard C sold 2,737 shares at $211.00 per share on May 15. Company shares held by the Director now total 40,100.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. STERIS plc pays an annual dividend of $2.08, resulting in a dividend yield of 0.91%, and it has a price to earnings (P/E) ratio of 194.99. STE’s most recent ex-dividend date was 9/5/2023 when it declared a $0.52 quarterly dividend that was paid in cash on 9/22/2023. Previously, the company paid the dividend on 6/28/2023 with an ex-dividend date of 6/13/2023. The STE stock dividend was $0.47 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for STE in the last 3 months, the mean price target is $242.00 with high estimates of $265.00 and low estimates of $220.00. In terms of 52-week highs and lows, STE has a high of $254.00 and a low of $159.21.

As of this writing, STE has an earnings estimate of $2.01 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $2.07 per share and a lower estimate of $1.9. The company reported an EPS of $2.3 in the last quarter, which was 7.00% higher than expectations of $2.15.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. STE’s latest balance sheet shows that the firm has $348.32M in Cash & Short Term Investments as of fiscal 2022. There were $2.95B in debt and $922.22M in liabilities at the time. Its Book Value Per Share was $62.49, while its Total Shareholder’s Equity was $6.54B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STE is Buy with a score of 3.80.

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