Stericycle Preannounces 4Q Charges to Prepare Noncore Assets for Sale and Strengthen Reserves
Stericycle’s recently filed 8-K detailed about $65 million-$75 million in pretax charges it will take in the fourth quarter, which had an immaterial impact to our $105 fair value estimate. As such, we maintain our fair value, as well as our wide moat rating. The amount will reduce our 2016 adjusted EPS forecast to $4.46 per share versus our prior estimate of $4.74; however, we are maintaining our 2017 EPS estimate of $4.60.After speaking with management, we see a glimmer of good news coupled w...
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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