Is Quest Diagnostics, Inc. (NYSE: DGX) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Phlebotomist’s Actions Keep One Patient Coming Back.

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Stocks Info

This NYSE-listed company operates within the Diagnostics & Research industry segment, falling under the Healthcare sector. The current market capitalization of Quest Diagnostics, Inc. is $14.33B. A total of 0.83 million shares were traded on the day, compared to an average of 1.05M shares.

In the most recent transaction, PREVOZNIK MICHAEL E sold 5,611 shares of DGX for 125.88 per share on Feb 29 ’24. After the transaction, the SVP & General Counsel now owns 38,478 company shares. In a previous transaction on Feb 29 ’24, Doherty Catherine T. sold 1,187 shares at 125.88 per share. DGX shares that EVP, Regional Businesses owns now total 68,412.

Among the insiders who sold shares, Doherty Catherine T. disposed of 5,557 shares on Feb 28 ’24 at a per-share price of $126.57. This resulted in the EVP, Regional Businesses holding 69,599 shares of DGX after the transaction. In another insider transaction, Gregg Vicky B sold 2,500 shares at $126.64 per share on Feb 23 ’24. Company shares held by the Director now total 16,329.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Quest Diagnostics, Inc. pays an annual dividend of $2.84, resulting in a dividend yield of 2.19%, and it has a price to earnings (P/E) ratio of 17.29. DGX’s most recent ex-dividend date was 4/5/2024 when it declared a $0.75 quarterly dividend that was paid in cash on 4/22/2024. Previously, the company paid the dividend on 1/31/2024 with an ex-dividend date of 1/16/2024. The DGX stock dividend was $0.71 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, DGX has a high of $148.62 and a low of $119.59.

As of this writing, DGX has an earnings estimate of $1.85 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.9 per share and a lower estimate of $1.8. The company reported an EPS of $2.22 in the last quarter, which was 1.40% higher than expectations of $2.19.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. DGX’s latest balance sheet shows that the firm has $872.00M in Cash & Short Term Investments as of fiscal 2021. There were $4.77B in debt and $1.75B in liabilities at the time. Its Book Value Per Share was $56.82, while its Total Shareholder’s Equity was $6.56B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DGX is Buy with a score of 3.53.

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