STE Stock Summary and Trading Ideas (Steris PLC (Ireland) | NYSE:STE)

Steris is an Ireland-domiciled medical device company focused on sterilization services and infection prevention. The company is the global leader in contract sterilization services, ensuring the safe delivery of single-use and implantable medical equipment to hospitals around the world. Additionally, Steris sells sterilizers, washer-disinfectors, and other decontamination equipment and supplies for use by care provider facilities and in biopharma manufacturing sites. Domiciled in the United States before its 2015 inversion to Ireland, the firm continues to derive roughly 70% of revenue from its U.S. operations, 10% from the United Kingdom, and the remaining 20% from other international regions.

Steris PLC (Ireland) trades on the NYSE stock market under the symbol STE.

As of April 22, 2024, STE stock price climbed to $200.90 with 349,438 million shares trading.

STE has a beta of 0.93, meaning it tends to be less sensitive to market movements. STE has a correlation of 0.22 to the broad based SPY ETF.

STE has a market cap of $19.85 billion. This is considered a Large Cap stock.

Last quarter Steris PLC (Ireland) reported $1 billion in Revenue and $2.22 earnings per share. This beat revenue expectation by $46 million and exceeded earnings estimates by $.05.

In the last 3 years, STE stock traded as high as $255.93 and as low as $159.21.

The top ETF exchange traded funds that STE belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

STE has underperformed the market in the last year with a price return of +8.5% while the SPY ETF gained +22.9%. STE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.5% and -5.5%, respectively, while the SPY returned +3.7% and -3.7%, respectively.

STE support price is $196.65 and resistance is $202.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STE stock will trade within this expected range on the day.