Wall Street analysts expect Quest Diagnostics Inc (NYSE:DGX) to report $1.93 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Quest Diagnostics’ earnings. The highest sales estimate is $1.94 billion and the lowest is $1.92 billion. Quest Diagnostics reported sales of $1.86 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The firm is scheduled to report its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Quest Diagnostics will report full-year sales of $1.93 billion for the current fiscal year, with estimates ranging from $7.67 billion to $7.72 billion. For the next financial year, analysts anticipate that the business will report sales of $7.92 billion per share, with estimates ranging from $7.81 billion to $8.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Quest Diagnostics.
Quest Diagnostics (NYSE:DGX) last released its quarterly earnings results on Thursday, October 19th. The medical research company reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. Quest Diagnostics had a return on equity of 15.53% and a net margin of 8.82%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year.
Quest Diagnostics (NYSE:DGX) traded down $0.26 during trading on Monday, hitting $98.73. The company had a trading volume of 1,023,733 shares, compared to its average volume of 1,026,439. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.47 and a quick ratio of 1.37. Quest Diagnostics has a fifty-two week low of $90.10 and a fifty-two week high of $112.96. The company has a market capitalization of $13,492.24, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.60.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.80 annualized dividend and a yield of 1.82%. Quest Diagnostics’s dividend payout ratio is currently 37.74%.
A number of large investors have recently made changes to their positions in DGX. WFG Advisors LP raised its holdings in Quest Diagnostics by 45.3% during the 2nd quarter. WFG Advisors LP now owns 966 shares of the medical research company’s stock worth $107,000 after purchasing an additional 301 shares during the last quarter. Sun Life Financial INC raised its holdings in Quest Diagnostics by 14,142.9% during the 2nd quarter. Sun Life Financial INC now owns 997 shares of the medical research company’s stock worth $111,000 after purchasing an additional 990 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Quest Diagnostics by 0.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,291 shares of the medical research company’s stock worth $140,000 after buying an additional 12 shares during the period. Acrospire Investment Management LLC grew its position in shares of Quest Diagnostics by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the medical research company’s stock worth $178,000 after buying an additional 1,200 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Quest Diagnostics during the 2nd quarter worth about $180,000. 89.20% of the stock is owned by hedge funds and other institutional investors.
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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