Abbott Laboratories (ABT) Beta: Monthly Comparison and Analysis

Abbott Laboratories (NYSE: ABT) closed the day trading at $104.04 down -1.61% from the previous closing price of $105.74. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 4507063 shares were traded. ABT stock price reached its highest trading level at $105.65 during the session, while it also had its lowest trading level at $103.99.

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For a better understanding of ABT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.39.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 02 when STARKS DANIEL J sold 50,000 shares for $111.02 per share. The transaction valued at 5,551,193 led to the insider holds 6,825,316 shares of the business.

Wainer Andrea F sold 8,226 shares of ABT for $909,472 on May 02. The EXECUTIVE VICE PRESIDENT now owns 70,427 shares after completing the transaction at $110.56 per share. On Mar 01, another insider, MANNING JOSEPH J, who serves as the EXECUTIVE VICE PRESIDENT of the company, sold 1,339 shares for $100.70 each. As a result, the insider received 134,837 and left with 62,323 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABT now has a Market Capitalization of 190.31B and an Enterprise Value of 197.85B. As of this moment, Abbott’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.54, and their Forward P/E ratio for the next fiscal year is 22.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.34 while its Price-to-Book (P/B) ratio in mrq is 4.90. Its current Enterprise Value per Revenue stands at 4.77 whereas that against EBITDA is 20.91.

Stock Price History:

Over the past 52 weeks, ABT has reached a high of $118.23, while it has fallen to a 52-week low of $93.25. The 50-Day Moving Average of the stock is 105.43, while the 200-Day Moving Average is calculated to be 105.27.

Shares Statistics:

Over the past 3-months, ABT traded about 5.20M shares per day on average, while over the past 10 days, ABT traded about 3.7M shares per day. A total of 1.74B shares are outstanding, with a floating share count of 1.73B. Insiders hold about 0.40% of the company’s shares, while institutions hold 76.20% stake in the company. Shares short for ABT as of Apr 27, 2023 were 11.24M with a Short Ratio of 11.24M, compared to 12.6M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.65% and a Short% of Float of 0.65%.

Dividends & Splits

ABT’s forward annual dividend rate is 2.04, up from 1.96 a year ago. Against a Trailing Annual Dividend Yield of 1.85%, it implies a Forward Annual Dividend Yield of 1.93%. The stock’s 5-year Average Dividend Yield is 1.53. The current Payout Ratio is 57.90% for ABT, which recently paid a dividend on May 14, 2023 with an ex-dividend date of Apr 12, 2023. Stock splits for the company last occurred on Jan 01, 2013 when the company split stock in a 10000:4798 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 19 analysts. On average, analysts expect EPS of $1.05 for the current quarter, with a high estimate of $1.1 and a low estimate of $1.01, while EPS last year was $1.43. The consensus estimate for the next quarter is $1.11, with high estimates of $1.15 and low estimates of $1.09.

Analysts are recommending an EPS of between $4.45 and $4.35 for the fiscal current year, implying an average EPS of $4.4. EPS for the following year is $4.62, with 24 analysts recommending between $4.93 and $4.5.

Revenue Estimates

16 analysts predict $9.7B in revenue for the current quarter. It ranges from a high estimate of $9.96B to a low estimate of $9.52B. As of the current estimate, Abbott Laboratories’s year-ago sales were $11.26B, an estimated decrease of -13.80% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $9.78B, an increase of 1.10% over than the figure of -$13.80% in the same quarter last year. There is a high estimate of $10.01B for the next quarter, whereas the lowest estimate is $9.65B.

A total of 24 analysts have provided revenue estimates for ABT’s current fiscal year. The highest revenue estimate was $41.03B, while the lowest revenue estimate was $39B, resulting in an average revenue estimate of $39.63B. In the same quarter a year ago, actual revenue was $43.65B, down -9.20% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $41.4B in the next fiscal year. The high estimate is $43.52B and the low estimate is $40.72B. The average revenue growth estimate for next year is up 4.50% from the average revenue estimate for this year.