Wall Street analysts expect Quest Diagnostics Inc (NYSE:DGX) to post earnings per share (EPS) of $1.39 for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Quest Diagnostics’ earnings, with estimates ranging from $1.34 to $1.55. Quest Diagnostics reported earnings of $1.31 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The company is scheduled to issue its next quarterly earnings report before the market opens on Thursday, February 1st.
On average, analysts expect that Quest Diagnostics will report full year earnings of $5.65 per share for the current year, with EPS estimates ranging from $5.62 to $5.67. For the next financial year, analysts forecast that the company will report earnings of $5.96 per share, with EPS estimates ranging from $5.64 to $6.64. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Quest Diagnostics.
Quest Diagnostics (NYSE:DGX) last announced its earnings results on Thursday, October 19th. The medical research company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. Quest Diagnostics had a return on equity of 15.53% and a net margin of 8.82%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS.
Shares of Quest Diagnostics (NYSE:DGX) traded up $1.49 during trading on Thursday, reaching $103.06. The company’s stock had a trading volume of 866,765 shares, compared to its average volume of 599,058. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.78. The company has a market cap of $14,046.97, a P/E ratio of 18.47, a P/E/G ratio of 2.03 and a beta of 0.60. Quest Diagnostics has a 52-week low of $90.10 and a 52-week high of $112.96.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Tuesday, January 9th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, January 8th. Quest Diagnostics’s dividend payout ratio is presently 37.74%.
In other news, EVP J. E. Davis sold 63,880 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $98.68, for a total value of $6,303,678.40. Following the sale, the executive vice president now owns 101,423 shares of the company’s stock, valued at approximately $10,008,421.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.75% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cibc Bank USA acquired a new position in shares of Quest Diagnostics in the 4th quarter worth $408,000. State of Alaska Department of Revenue grew its holdings in shares of Quest Diagnostics by 11.2% in the 4th quarter. State of Alaska Department of Revenue now owns 131,855 shares of the medical research company’s stock worth $12,984,000 after acquiring an additional 13,240 shares during the last quarter. Oakbrook Investments LLC acquired a new position in shares of Quest Diagnostics in the 4th quarter worth $512,000. Fox Run Management L.L.C. grew its holdings in shares of Quest Diagnostics by 110.0% in the 4th quarter. Fox Run Management L.L.C. now owns 7,351 shares of the medical research company’s stock worth $724,000 after acquiring an additional 3,851 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Quest Diagnostics by 1.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 518,980 shares of the medical research company’s stock worth $51,115,000 after acquiring an additional 8,866 shares during the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.
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About Quest Diagnostics
Quest Diagnostics Incorporated is a provider of diagnostic information services. The Company operates through two businesses: Diagnostic Information Services and Diagnostic Solutions. The Diagnostic Information Services business develops and delivers diagnostic testing information and services, providing insights that empower and enable a range of customers, including patients, clinicians, hospitals, integrated delivery networks (IDNs), health plans, employers and accountable care organizations (ACOs).
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