Embecta (EMBC) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Embecta in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" EMBC shares.
View EMBC analyst ratings or view top-rated stocks.

1 equities research analysts have issued 12 month price targets for Embecta's stock. Their EMBC share price forecasts range from $16.00 to $16.00. On average, they expect the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
View analysts price targets for EMBC or view top-rated stocks among Wall Street analysts.

Embecta's stock was trading at $25.29 at the start of the year. Since then, EMBC stock has decreased by 40.0% and is now trading at $15.17.
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Embecta saw a increase in short interest in August. As of August 31st, there was short interest totaling 4,380,000 shares, an increase of 19.7% from the August 15th total of 3,660,000 shares. Based on an average trading volume of 648,100 shares, the days-to-cover ratio is currently 6.8 days. Currently, 7.7% of the company's stock are sold short.
View Embecta's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, December 18th 2023.
View our EMBC earnings forecast.

Embecta Corp. (NASDAQ:EMBC) issued its earnings results on Tuesday, August, 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.23. The business had revenue of $286.10 million for the quarter, compared to the consensus estimate of $275.07 million. Embecta had a negative trailing twelve-month return on equity of 21.04% and a net margin of 4.24%. The business's revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 earnings per share.

Embecta declared a quarterly dividend on Tuesday, August 8th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.15 per share on Wednesday, September 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Thursday, August 24th.
Read our dividend analysis for EMBC.

ETFs with the largest weight of Embecta (NASDAQ:EMBC) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD).Invesco S&P SmallCap Health Care ETF (PSCH).

Embecta (NASDAQ:EMBC) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.81%. The dividend payout ratio is 74.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EMBC will have a dividend payout ratio of 29.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EMBC.

Embecta updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $2.75-$2.80 for the period, compared to the consensus earnings per share estimate of $1.69. The company issued revenue guidance of $1.11 billion-$1.11 billion, compared to the consensus revenue estimate of $1.11 billion.

Embecta trades on the NASDAQ under the ticker symbol "EMBC."

Embecta's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.85%), Yacktman Asset Management LP (4.58%), State Street Corp (4.26%), Geode Capital Management LLC (2.06%), Krensavage Asset Management LLC (1.87%) and Bank of New York Mellon Corp (1.73%). Insiders that own company stock include David F Melcher, Devdatt Kurdikar, Jacob Elguicze and Jeffrey Z Mann.
View institutional ownership trends.

Shares of EMBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EMBC stock can currently be purchased for approximately $15.17.

Embecta (NASDAQ:EMBC) has a market capitalization of $869.24 million and generates $1.13 billion in revenue each year. The company earns $223.60 million in net income (profit) each year or $0.81 on an earnings per share basis.

The company employs 1,900 workers across the globe.

The official website for the company is www.embecta.com. The company can be reached via phone at 201-847-6880 or via email at investor.relations@embecta.com.