Quest Diagnostics (NYSE:DGX) issued its quarterly earnings data on Tuesday. The medical research company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.05, RTT News reports. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. Quest Diagnostics had a net margin of 9.64% and a return on equity of 15.05%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. Quest Diagnostics updated its FY 2019 guidance to $5.48-5.53 EPS and its FY19 guidance to $6.45-6.50 EPS.
Quest Diagnostics stock traded down $1.23 during trading hours on Tuesday, reaching $101.05. 315,033 shares of the stock were exchanged, compared to its average volume of 827,862. The company has a market cap of $13.83 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 2.14 and a beta of 0.87. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Quest Diagnostics has a twelve month low of $78.95 and a twelve month high of $107.97. The stock has a 50 day moving average of $104.57 and a two-hundred day moving average of $99.93.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 2.10%. Quest Diagnostics’s payout ratio is 33.60%.
In other Quest Diagnostics news, CAO Michael J. Deppe sold 5,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $106.00, for a total transaction of $530,000.00. Following the sale, the chief accounting officer now directly owns 28,671 shares in the company, valued at $3,039,126. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.86% of the company’s stock.
Quest Diagnostics Company Profile
Quest Diagnostics Incorporated provides diagnostic testing, information, and services in the United States and internationally. The company develops and delivers diagnostic testing information and services, such as routine testing, non-routine and advanced clinical testing, anatomic pathology testing, and other diagnostic information services.
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