After finishing at $14.57 in the prior trading day, Embecta Corp (NASDAQ: EMBC) closed at $14.42, down -1.03%. In other words, the price has decreased by $0.00 from its previous closing price. On the day, 667712 shares were traded.
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Ratios:
Our goal is to gain a better understanding of EMBC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 2.20.
On January 06, 2023, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight but kept the price unchanged to $28.
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 Feb 12 when Melcher David F bought 2,000 shares for $16.25 per share. The transaction valued at 32,500 led to the insider holds 45,080 shares of the business.
Melcher David F bought 6,233 shares of EMBC for $98,271 on Sep 08. The Director now owns 27,698 shares after completing the transaction at $15.77 per share. On Aug 10, another insider, Kurdikar Devdatt, who serves as the President and CEO of the company, bought 5,000 shares for $21.81 each. As a result, the insider paid 109,050 and bolstered with 244,791 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, EMBC now has a Market Capitalization of 830.29M and an Enterprise Value of 2.17B. As of this moment, Embecta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.01, and their Forward P/E ratio for the next fiscal year is 6.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74. Its current Enterprise Value per Revenue stands at 1.93 whereas that against EBITDA is 10.45.
Stock Price History:
Over the past 52 weeks, EMBC has reached a high of $33.07, while it has fallen to a 52-week low of $12.72. The 50-Day Moving Average of the stock is 17.10, while the 200-Day Moving Average is calculated to be 19.00.
Shares Statistics:
The stock has traded on average 492.91K shares per day over the past 3-months and 558.73k shares per day over the last 10 days, according to various share statistics. A total of 57.33M shares are outstanding, with a floating share count of 55.27M. Insiders hold about 4.01% of the company’s shares, while institutions hold 94.63% stake in the company. Shares short for EMBC as of Jan 31, 2024 were 2.38M with a Short Ratio of 4.84, compared to 2.72M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.14% and a Short% of Float of 5.81%.
Dividends & Splits
In the trailing 12 months, EMBC’s forward annual dividend rate was 0.60, compared to 0.60 this year. Against a Trailing Annual Dividend Yield of 4.16%, it implies a Forward Annual Dividend Yield of 4.16%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0.4 for the current quarter, with a high estimate of $0.47 and a low estimate of $0.37, while EPS last year was $0.75. The consensus estimate for the next quarter is $0.55, with high estimates of $0.57 and low estimates of $0.53.
Analysts are recommending an EPS of between $2.24 and $2.05 for the fiscal current year, implying an average EPS of $2.1. EPS for the following year is $2.21, with 4 analysts recommending between $2.31 and $2.12.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for EMBC’s current fiscal year. The highest revenue estimate was $1.12B, while the lowest revenue estimate was $1.11B, resulting in an average revenue estimate of $1.11B. In the same quarter a year ago, actual revenue was $1.12B, down -0.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.11B in the next fiscal year. The high estimate is $1.12B and the low estimate is $1.1B. The average revenue growth estimate for next year is up 0.40% from the average revenue estimate for this year.
