Solid Start to the Year for Stericycle as Ancillary Service Growth Offsets SQ Pricing Pressure
Wide-moat Stericycle reported strong first-quarter results, as growth in the company’s ancillary services offset lingering challenges in its core domestic medical waste business. Our fair value estimate won’t change based on the quarter’s results; however, we anticipate an increase as we incorporate Morningstar’s firmwide stance that U.S. corporate tax reform is more likely than not to occur by 2018. With much of Stericycle’s pretax profit generated in the United States, we expect that lowering ...Stericycle is engaged in the medical and hazardous waste management and secure information services. The company's segments are: North America, and International Regulated Waste and Compliance Services, which provides medical waste management services, pharmaceutical waste services, compliance programs, retail and healthcare, industrial and manufacturing hazardous waste management and secure information destruction; and Domestic Communication and Related Services, which provides appointment reminders, secure messaging, event registration, and other communications mainly for hospitals and integrated delivery network's as well as regulated recall and returns management communication, and logistics.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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