In the latest session, Surgery Partners Inc (NASDAQ: SGRY) closed at $28.68 down -3.50% from its previous closing price of $29.72. In other words, the price has decreased by -$1.04 from its previous closing price. On the day, 712198 shares were traded. SGRY stock price reached its highest trading level at $29.87 during the session, while it also had its lowest trading level at $28.56.
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Ratios:
For a deeper understanding of Surgery Partners Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.71. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 13 ’24 when Evans Jason Eric sold 4,840 shares for $29.71 per share. The transaction valued at 143,796 led to the insider holds 459,670 shares of the business.
Owens Bradley R. sold 2,783 shares of SGRY for $82,989 on Mar 12 ’24. The National Group President now owns 78,338 shares after completing the transaction at $29.82 per share. On Mar 12 ’24, another insider, Baldock Jennifer, who serves as the Chief Admin & Dev Officer of the company, sold 922 shares for $29.74 each. As a result, the insider received 27,420 and left with 183,644 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 3.63B and an Enterprise Value of 6.50B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 2.37 whereas that against EBITDA is 14.56.
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 31.88, while the 200-Day Moving Average is calculated to be 33.28.
Shares Statistics:
For the past three months, SGRY has traded an average of 991.08K shares per day and 728.95k over the past ten days. A total of 126.59M shares are outstanding, with a floating share count of 73.00M. Insiders hold about 42.34% of the company’s shares, while institutions hold 66.11% stake in the company. Shares short for SGRY as of Feb 29, 2024 were 7.76M with a Short Ratio of 7.83, compared to 7.78M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.13% and a Short% of Float of 15.94%.
Earnings Estimates
There are 10 different market analysts currently analyzing its stock. 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 $1.28, with 11 analysts recommending between $1.49 and $1.16.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $702.85M this 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 5.50% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $730.98M, an increase of 9.50% over than the figure of $5.50% in the same quarter last year. There is a high estimate of $745.27M for the next quarter, whereas the lowest estimate is $708M.
A total of 10 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 9.60% from the average estimate. Based on 10 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.
