Sterling Check Corp. (NASDAQ:STER) Expected to Post Earnings of $0.28 Per Share

Wall Street brokerages expect Sterling Check Corp. (NASDAQ:STERGet Rating) to report earnings per share (EPS) of $0.28 for the current quarter, according to Zacks. Four analysts have issued estimates for Sterling Check’s earnings, with estimates ranging from $0.25 to $0.32. The company is expected to announce its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Sterling Check will report full year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.15. For the next financial year, analysts expect that the company will post earnings of $1.33 per share, with EPS estimates ranging from $1.28 to $1.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Sterling Check.

Sterling Check (NASDAQ:STERGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $192.00 million during the quarter, compared to analyst estimates of $167.05 million. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year.

STER has been the subject of several research reports. Barclays dropped their price target on Sterling Check from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, March 16th. Zacks Investment Research cut Sterling Check from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley cut Sterling Check from an “overweight” rating to an “equal weight” rating and set a $26.00 price target for the company. in a report on Monday, April 11th. KeyCorp lifted their price objective on Sterling Check from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, April 1st. Finally, Robert W. Baird dropped their price objective on Sterling Check from $34.00 to $31.00 in a report on Thursday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $28.78.

NASDAQ:STER traded up $1.84 during mid-day trading on Friday, hitting $21.06. 647,731 shares of the stock were exchanged, compared to its average volume of 293,483. The firm’s 50-day simple moving average is $24.39 and its 200 day simple moving average is $22.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.54 and a current ratio of 1.54. Sterling Check has a fifty-two week low of $17.27 and a fifty-two week high of $28.99.

Institutional investors and hedge funds have recently modified their holdings of the company. Citigroup Inc. bought a new position in shares of Sterling Check in the 3rd quarter valued at $33,000. UBS Group AG bought a new position in shares of Sterling Check in the 3rd quarter valued at $34,000. Legal & General Group Plc increased its stake in shares of Sterling Check by 49.0% in the 4th quarter. Legal & General Group Plc now owns 1,490 shares of the company’s stock valued at $31,000 after purchasing an additional 490 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of Sterling Check in the 4th quarter valued at $51,000. Finally, Strs Ohio bought a new position in shares of Sterling Check in the 4th quarter valued at $79,000. Institutional investors own 85.46% of the company’s stock.

Sterling Check Company Profile (Get Rating)

Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and live video chat identification proofing; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driving license records, executive investigations, credit reports, social media searches, and contingent workforce solutions; liens, judgments, and bankruptcies; and sanctions, risk, and compliance checks.

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Earnings History and Estimates for Sterling Check (NASDAQ:STER)

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