Steris PLC

STE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$214.00	Ntgsx	Bdqkwnkz

Narrow-Moat Steris Reports Decent Growth and Record Margin in Fiscal Q3 With Cantel Purchase Pending

Aaron Degagne

Feb 3, 2021

Narrow-moat Steris reported decent fiscal third-quarter results that met expectations. We had previously updated our model to account for the pending Cantel Medical acquisition, and we are leaving our $181 fair value estimate unchanged. Shares remain fairly valued following the decline in the stock price at market open, which we attribute to Steris’ announcement of CEO Walt Rosebrough’s retirement.

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