STERIS (STE) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for STERIS in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" STE shares.
View STE analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued twelve-month price targets for STERIS's stock. Their STE share price forecasts range from $200.00 to $265.00. On average, they expect the company's stock price to reach $239.60 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
View analysts price targets for STE or view top-rated stocks among Wall Street analysts.

STERIS's stock was trading at $184.69 at the beginning of 2023. Since then, STE stock has increased by 16.7% and is now trading at $215.50.
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STERIS saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,480,000 shares, a decrease of 17.8% from the August 15th total of 1,800,000 shares. Based on an average daily volume of 385,000 shares, the days-to-cover ratio is presently 3.8 days. Currently, 1.5% of the company's shares are short sold.
View STERIS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our STE earnings forecast.

STERIS plc (NYSE:STE) announced its earnings results on Tuesday, August, 1st. The medical equipment provider reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.14. The medical equipment provider had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.21 billion. STERIS had a trailing twelve-month return on equity of 13.75% and a net margin of 2.35%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 earnings per share.
Read the conference call transcript.

STERIS declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.52 per share on Friday, September 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Tuesday, September 5th. This is an increase from the stock's previous quarterly dividend of $0.47.
Read our dividend analysis for STE.

ETFs with the largest weight of STERIS (NYSE:STE) stock in their portfolio include Adaptive Core ETF (RULE), VictoryShares THB Mid Cap ESG ETF (MDCP), VanEck Environmental Services ETF (EVX), First Trust Indxx Medical Devices ETF (MDEV), iShares U.S. Medical Devices ETF (IHI), Nuveen ESG Mid-Cap Value ETF (NUMV), Running Oak Efficient Growth ETF (RUNN) and BlackRock Future Health ETF (BMED).

STERIS (NYSE:STE) pays an annual dividend of $2.08 per share and currently has a dividend yield of 0.95%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 170.49%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, STE will have a dividend payout ratio of 21.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STE.

STERIS updated its FY 2024 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $8.60-$8.80 for the period, compared to the consensus EPS estimate of $8.68. The company issued revenue guidance of $5.40 billion-$5.45 billion, compared to the consensus revenue estimate of $5.33 billion.

196 employees have rated STERIS Chief Executive Officer Walter M. Rosebrough, Jr. on Glassdoor.com. Walter M. Rosebrough, Jr. has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other STERIS investors own include Johnson & Johnson (JNJ), Home Depot (HD), AT&T (T), Visa (V), AbbVie (ABBV), Abbott Laboratories (ABT), Pfizer (PFE), Gilead Sciences (GILD), Mastercard (MA) and Medtronic (MDT).

STERIS trades on the New York Stock Exchange (NYSE) under the ticker symbol "STE."

Shares of STE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STE stock can currently be purchased for approximately $215.50.

STERIS (NYSE:STE) has a market capitalization of $21.29 billion and generates $4.96 billion in revenue each year. The medical equipment provider earns $107.03 million in net income (profit) each year or $1.22 on an earnings per share basis.

The company employs 17,100 workers across the globe.

STERIS's mailing address is 70 Sir John Rogerson`s Quay, Dublin L2, D02 R296. The official website for the company is www.steris.com. The medical equipment provider can be reached via phone at (440) 354-2600, via email at julie_winter@steris.com, or via fax at 440-639-4457.