Steris Corp is a leading provider of infection prevention and sterilization solutions for healthcare and industrial applications
The company offers a broad range of products and services designed to enhance patient safety, improve operational efficiency, and maintain compliance within hospitals and other medical environments. Steris is known for its advanced technologies in sterilization equipment, surgical instruments, and cleaning products, as well as its commitment to infection control protocols. Additionally, Steris supports healthcare facilities with training and advisory services to help optimize their sterilization processes and ensure the highest standards of hygiene.
Personal health and wellness is one of the many secular tailwinds for healthcare companies. But speed bumps have persisted in the wake of COVID-19 as players destocked inventories in 2023 and 2024.
This has weighed on the returns lately as the industry has pulled back by 1.7% over the past six months. This performance is a noticeable divergence from the S&P 500’s 9% return.
Healthcare companies are pushing the status quo by innovating in areas like drug development and digital health. Despite the rosy long-term prospects, short-term headwinds such as COVID inventory destocking have harmed the industry’s returns -
over the past six months, healthcare stocks have collectively shed 1.7%. This drop is a stark contrast from the S&P 500’s 9% gain.
Medical equipment and services company Steris (NYSESTE). fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 5.6% year on year to $1.37 billion. Its non-GAAP profit of $2.32 per share was in line with analysts’ consensus estimates.
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At the end of today, December 21, 2023, Steris (NYSESTE) will distribute a dividend payout of $0.52 per share, translating to an annualized dividend yield of 0.99%. Shareholders who held the stock before the ex-dividend date on November 20, 2023 will benefit from this payout.
