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Sterling Check (NASDAQ:STER – Get a rating) will release its earnings data ahead of market open on Tuesday, May 10. Analysts expect Sterling Check to post earnings of $0.21 per share for the quarter. Sterling Check has set its guidance for fiscal year 2022 at EPS. Individuals wishing to register for the company’s earnings conference call can do so using this link.
Sterling Check (NASDAQ:STER – Get a rating) last released its quarterly earnings data on Wednesday, March 2. The company reported EPS of $0.23 for the quarter, beating the Zacks consensus estimate of $0.17 by $0.06. The company posted revenue of $173.60 million for the quarter, versus analyst estimates of $152.50 million. The company’s quarterly revenue increased 35.1% year over year. On average, analysts expect Sterling Check to post EPS of $1 for the current fiscal year and EPS of $1 for the next fiscal year.
The NASDAQ STER opened at $26.95 on Tuesday. Sterling Check has a 12-month low of $17.27 and a 12-month high of $28.99. The company has a 50-day moving average of $23.95 and a 200-day moving average of $22.71. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt ratio of 0.70.
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Institutional investors and hedge funds have recently been buying and selling shares of the company. UBS Group AG purchased a new equity stake in Sterling Check during the third quarter, valued at approximately $34,000. Legal & General Group Plc increased its stake in Sterling Check shares by 49.0% during the fourth quarter. Legal & General Group Plc now owns 1,490 shares in the company valued at $31,000 after purchasing an additional 490 shares during the period. Citigroup Inc. increased its stake in Sterling Check shares by 255.2% during the fourth quarter. Citigroup Inc. now owns 4,540 shares of the company valued at $93,000 after purchasing an additional 3,262 shares during the period. Metropolitan Life Insurance Co NY purchased a new equity stake in Sterling Check during the fourth quarter worth approximately $111,000. Finally, Cubist Systematic Strategies LLC purchased a new equity stake in Sterling Check during the third quarter valued at approximately $146,000. Institutional investors hold 85.46% of the company’s shares.
Several research analysts have recently commented on STER shares. Morgan Stanley downgraded Sterling Check shares from an “overweight” rating to an “equal weight” rating and set a price target of $26.00 for the stock. in a report on Monday, April 11. KeyCorp raised its price target on Sterling Check shares from $25.00 to $29.00 and gave the company an “overweight” rating in a Friday, April 1, report. Barclays cut its price target on Sterling Check shares from $28.00 to $22.00 and set an “equal weight” rating on the stock in a Wednesday, March 16 report. Robert W. Baird cut his price target on Sterling Check shares from $34.00 to $31.00 in a Thursday, March 3 report. To finish, Zacks Investment Research downgraded Sterling Check shares from a “buy” rating to a “sell” rating in a report on Friday, April 15. One research analyst rated the stock with a sell rating, three assigned a hold rating and six assigned a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $28.78.
About Sterling Check (Get a rating)
Sterling Check Corp. provides background and identity verification technology services in the United States, Canada, Europe, the Middle East and Africa, and Asia-Pacific. The Company offers identity verification services, such as telecommunications and device verification, identification document verification, facial recognition with biometric matching, social security number verification and identification verification. via live video chat; fingerprinting; background checks, including criminal record checks, sex offender registries, civil court records, motor vehicle and driver’s license records, executive inquiries, credit reports, searches on social media and contingent labor solutions; liens, judgments and bankruptcies; and sanctions, risks and compliance checks.
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