After finishing at $30.81 in the prior trading day, Surgery Partners Inc (NASDAQ: SGRY) closed at $30.01, down -2.60%. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 629683 shares were traded. SGRY stock price reached its highest trading level at $31.69 during the session, while it also had its lowest trading level at $29.94.
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Ratios:
Our goal is to gain a better understanding of SGRY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.53. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 1.54 whereas as Long-Term Debt/Eq ratio is at 1.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 06, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $35.
On November 14, 2023, TD Cowen Upgraded its rating to Outperform which previously was Market Perform and also lowered its target price recommendation from $39 to $35.
BofA Securities Upgraded its Neutral to Buy on June 02, 2023, whereas the target price for the stock was revised from $42 to $45.
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 Mar 05 ’24 when TAPARO ANTHONY sold 1,347 shares for $30.70 per share. The transaction valued at 41,353 led to the insider holds 103,759 shares of the business.
Evans Jason Eric sold 9,070 shares of SGRY for $277,633 on Mar 04 ’24. The Chief Executive Officer now owns 466,494 shares after completing the transaction at $30.61 per share. On Mar 04 ’24, another insider, Bane Harrison R., who serves as the American Group President of the company, sold 5,104 shares for $30.53 each. As a result, the insider received 155,825 and left with 53,310 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, SGRY now has a Market Capitalization of 3.80B and an Enterprise Value of 6.67B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 2.43 whereas that against EBITDA is 14.94.
Stock Price History:
Over the past 52 weeks, SGRY has reached a high of $45.79, while it has fallen to a 52-week low of $22.05. The 50-Day Moving Average of the stock is 32.15, while the 200-Day Moving Average is calculated to be 33.45.
Shares Statistics:
The stock has traded on average 1.00M shares per day over the past 3-months and 1.34M shares per day over the last 10 days, according to various share statistics. A total of 126.59M shares are outstanding, with a floating share count of 76.12M. Insiders hold about 39.88% of the company’s shares, while institutions hold 66.11% stake in the company. Shares short for SGRY as of Feb 15, 2024 were 7.19M with a Short Ratio of 7.16, compared to 7.11M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.68% and a Short% of Float of 14.77%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.02, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.19, with high estimates of $0.23 and low estimates of $0.13.
Analysts are recommending an EPS of between $1.12 and $0.78 for the fiscal current year, implying an average EPS of $1. EPS for the following year is $1.27, with 9 analysts recommending between $1.49 and $1.16.
Revenue Estimates
8 analysts predict $703.49M in revenue for the current quarter. It ranges from a high estimate of $726.82M to a low estimate of $688M. As of the current estimate, Surgery Partners Inc’s year-ago sales were $666.2M, an estimated increase of 5.60% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $733.86M, an increase of 9.90% over than the figure of $5.60% in the same quarter last year. There is a high estimate of $745.27M for the next quarter, whereas the lowest estimate is $720M.
A total of 9 analysts have provided revenue estimates for SGRY’s current fiscal year. The highest revenue estimate was $3.02B, while the lowest revenue estimate was $3B, resulting in an average revenue estimate of $3.01B. In the same quarter a year ago, actual revenue was $2.74B, up 9.50% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $3.27B in the next fiscal year. The high estimate is $3.32B and the low estimate is $3.24B. The average revenue growth estimate for next year is up 8.80% from the average revenue estimate for this year.
