Is Quest Diagnostics, Inc. (NYSE: DGX) No Longer A Good Investment?

After Hours

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.

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Stocks Info

Quest Diagnostics, Inc. is listed on the NYSE as a member of the Healthcare sector and is a part of the Diagnostics & Research industry. The current market capitalization of Quest Diagnostics, Inc. is $14.11B. A total of 0.69 million shares were traded on the day, compared to an average of 1.03M 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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Quest Diagnostics, Inc. pays an annual dividend of $2.88, resulting in a dividend yield of 2.26%, and it has a price to earnings (P/E) ratio of 17.02. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $Dollar General Corporation per share for the current quarter. EPS was calculated based on a consensus of VanEck Gold Miners ETF estimates, with a high estimate of $Diana Shipping inc. per share and a lower estimate of $Dynex Capital, Inc..

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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