Sotera Health (NASDAQ:SHC – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01), Briefing.com reports. Sotera Health had a return on equity of 47.26% and a net margin of 3.65%. The company had revenue of $285.47 million during the quarter, compared to analysts’ expectations of $278.64 million. During the same period last year, the company earned $0.18 earnings per share. Sotera Health’s revenue for the quarter was up 8.5% compared to the same quarter last year. Sotera Health updated its FY 2024 guidance to 0.670-0.750 EPS and its FY24 guidance to $0.67-0.75 EPS.
Sotera Health Stock Performance
Shares of SHC stock traded up $0.39 during trading on Wednesday, reaching $15.81. The company had a trading volume of 884,591 shares, compared to its average volume of 1,304,161. The firm’s 50 day simple moving average is $15.94 and its two-hundred day simple moving average is $13.67. Sotera Health has a one year low of $10.71 and a one year high of $17.44. The company has a debt-to-equity ratio of 5.46, a current ratio of 2.93 and a quick ratio of 2.59. The company has a market capitalization of $4.48 billion, a PE ratio of 112.93 and a beta of 2.08.
Insiders Place Their Bets
In other news, Director Gtcr Investment Xi Llc sold 10,000,000 shares of Sotera Health stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $15.03, for a total value of $150,300,000.00. Following the transaction, the director now owns 49,215,301 shares of the company’s stock, valued at $739,705,974.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 55.12% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on SHC
Sotera Health Company Profile
Sotera Health Company engages in the provision of sterilization, lab testing, and advisory services in the United States and internationally. The company operates through three segments: Sterigenics, Nordion, and Nelson Labs. It provides mission-critical end-to-end sterilization services, including gamma and electron beam irradiation, and ethylene oxide processing, as well as designs, installs, and maintains gamma irradiation systems.
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