NYSE:DGX - Quest Diagnostics Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$89.41 +0.71 (+0.80 %)
(As of 03/20/2019 02:59 AM ET)
Previous Close$88.70
Today's Range$88.93 - $90.57
52-Week Range$78.95 - $116.49
Volume1.89 million shs
Average Volume1.38 million shs
Market Capitalization$12.00 billion
P/E Ratio14.17
Dividend Yield2.39%
Beta0.89
Quest Diagnostics Incorporated provides diagnostic testing information and services in the United States and internationally. The company's Diagnostic Information Services business segment develops and delivers diagnostic testing information and services, such as routine testing, non-routine and advanced clinical testing, gene-based and esoteric testing, anatomic pathology, and other diagnostic information services. This segment offers diagnostic information services primarily under the Quest Diagnostics brand, as well as under the AmeriPath, Dermpath Diagnostics, Athena Diagnostics, ExamOne, and Quanum brands to patients, clinicians, hospitals, integrated delivery networks, health plans, employers, and accountable care organizations through a network of laboratories, patient service centers, phlebotomists in physician offices, call centers and mobile paramedics, nurses, and other health and wellness professionals. Its Diagnostic Solutions segment offers risk assessment services for the life insurance industry; and health information technology solutions for healthcare organizations and clinicians. Quest Diagnostics Incorporated was founded in 1967 and is headquartered in Secaucus, New Jersey.

Receive DGX News and Ratings via Email

Sign-up to receive the latest news and ratings for DGX and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Medical laboratories
Sub-IndustryHealth Care Services
SectorMedical
CUSIP74834L10
Phone973-520-2700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.53 billion
Cash Flow$8.2254 per share
Book Value$38.71 per share

Profitability

Net Income$736 million

Miscellaneous

Employees46,000
Market Cap$12.00 billion
Next Earnings Date4/18/2019 (Estimated)
OptionableOptionable

Quest Diagnostics (NYSE:DGX) Frequently Asked Questions

What is Quest Diagnostics' stock symbol?

Quest Diagnostics trades on the New York Stock Exchange (NYSE) under the ticker symbol "DGX."

How often does Quest Diagnostics pay dividends? What is the dividend yield for Quest Diagnostics?

Quest Diagnostics declared a quarterly dividend on Friday, March 1st. Investors of record on Monday, April 8th will be given a dividend of $0.53 per share on Monday, April 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, April 5th. View Quest Diagnostics' Dividend History.

How will Quest Diagnostics' stock buyback program work?

Quest Diagnostics announced that its board has initiated a share buyback plan on Sunday, April 9th 2017, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

How were Quest Diagnostics' earnings last quarter?

Quest Diagnostics Inc (NYSE:DGX) released its quarterly earnings data on Thursday, February, 14th. The medical research company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.01. The medical research company earned $1.84 billion during the quarter, compared to analysts' expectations of $1.88 billion. Quest Diagnostics had a return on equity of 15.23% and a net margin of 9.77%. Quest Diagnostics's quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 EPS. View Quest Diagnostics' Earnings History.

When is Quest Diagnostics' next earnings date?

Quest Diagnostics is scheduled to release their next quarterly earnings announcement on Thursday, April 18th 2019. View Earnings Estimates for Quest Diagnostics.

How can I listen to Quest Diagnostics' earnings call?

Quest Diagnostics will be holding an earnings conference call on Tuesday, April 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

What guidance has Quest Diagnostics issued on next quarter's earnings?

Quest Diagnostics updated its FY 2019 earnings guidance on Thursday, February, 14th. The company provided earnings per share guidance of $6.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.56. The company issued revenue guidance of $7.6-7.75 billion, compared to the consensus revenue estimate of $7.76 billion.

What price target have analysts set for DGX?

18 Wall Street analysts have issued 12-month target prices for Quest Diagnostics' stock. Their predictions range from $90.00 to $115.00. On average, they expect Quest Diagnostics' stock price to reach $101.4375 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price. View Analyst Price Targets for Quest Diagnostics.

What is the consensus analysts' recommendation for Quest Diagnostics?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quest Diagnostics in the last year. There are currently 1 sell rating, 9 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Quest Diagnostics.

What are Wall Street analysts saying about Quest Diagnostics stock?

Here are some recent quotes from research analysts about Quest Diagnostics stock:
  • 1. Canaccord Genuity analysts commented, "We have written before that large labs (LH, DGX) and most of the rest of the non- specialized lab industry will face major challenges in 2019 and beyond. That said, we believe Quest is better positioned than LabCorp as Quest is a share gainer related to the UNH contract. DGX indicated that its UNH volumes build each week, and we expect DGX will drive 2-3 points of to offset the ~260bps headwind related to reimbursement. We think the 2019 bar is set appropriately and DGX likely can recover more in 2H/19. DGX is paying a 2.4% dividend yield. We maintain our BUY, trim our estimates and our PT to $97, which uses a 14.4x multiple on our ’20 Adj. EPS of $6.75. Q4/18 results. Adj. EPS of $1.36 (-3% Y/Y%) matched our/Street’s ~$1.36, while revs of $1,839M (-1.4% Y/Y) missed our/Street’s ~$1,878M (+0.7%). Rev./req." (2/18/2019)
  • 2. According to Zacks Investment Research, "Quest Diagnostics exited the fourth quarter on a sluggish note. A decline in Diagnostic information services revenues was also disappointing. We are concerned about factors like unfavorable changes in prescription drug monitoring, vitamin D and hepatitis C testing marketplace that can dent growth going forward. Also, a rise in patient concession along with certain reserve adjustments impacted the top line, resulting in a decline in revenue per requisition. Tough competition and reimbursement issues are other concerns. On a brighter note, Quest Diagnostics is refocusing on diagnostic information services wing and disciplined capital deployment. The company’s’ acquisitions and collaborations with hospitals and integrated delivery networks continue to act as major growth drivers. We are upbeat about the company’s strategic partnership with UnitedHealthcare. Overall, in the past three months, the company underperformed its industry." (2/18/2019)
  • 3. Barclays PLC analysts commented, "We were surprised there was another leg down in the quarter, though one silver lining is that volume growth of 3.4% appears improved – and the company noted that 2019 is off to a good start. $1.36 was modestly better than our forecast of $1.35. Additionally, Quest had an active 4Q18 of capital deployment, repurchasing $175mm of stock, $200mm towards acquisitions, and $68mm toward dividends. Ultimately, shares now trade at 13x our new 2019 EPS forecast of $6.40, and we believe sentiment is near a trough despite the potential for leverageable share gains in 2019. In our view, structural trends should be at the back of the national labs to consolidate testing share – and this is Quest’s time to shine." (2/15/2019)

Has Quest Diagnostics been receiving favorable news coverage?

Media coverage about DGX stock has trended somewhat negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Quest Diagnostics earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the medical research company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term.

Who are some of Quest Diagnostics' key competitors?

What other stocks do shareholders of Quest Diagnostics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Quest Diagnostics investors own include CA (CA), BlackRock (BLK), Johnson & Johnson (JNJ), Honeywell International (HON), QUALCOMM (QCOM), Caterpillar (CAT), Boeing (BA), UnitedHealth Group (UNH), AbbVie (ABBV) and Chevron (CVX).

Who are Quest Diagnostics' key executives?

Quest Diagnostics' management team includes the folowing people:
  • Mr. Stephen H. Rusckowski, Chairman, Pres & CEO (Age 62)
  • Mr. Mark J. Guinan, Exec. VP & CFO (Age 57)
  • Ms. Catherine T. Doherty, Sr. VP and Group Exec. of Clinical Franchise Solutions & Marketing (Age 56)
  • Mr. James E. Davis, Exec. VP of Gen. Diagnostics (Age 56)
  • Ms. Carrie Eglinton Manner, Sr. VP of Advanced Diagnostics (Age 44)

Who are Quest Diagnostics' major shareholders?

Quest Diagnostics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.56%), Macquarie Group Ltd. (5.67%), American Century Companies Inc. (3.85%), Victory Capital Management Inc. (2.07%), Geode Capital Management LLC (1.58%) and Dimensional Fund Advisors LP (1.46%). Company insiders that own Quest Diagnostics stock include Catherine T Doherty, Daniel Stanzione, Everett Cunningham, Gail R Wilensky, J E Davis, Jeffrey M Leiden, Jenne K Britell, Jon R Cohen, Mark Guinan, Michael E Prevoznik, Robert A Klug and Stephen H Rusckowski. View Institutional Ownership Trends for Quest Diagnostics.

Which major investors are selling Quest Diagnostics stock?

DGX stock was sold by a variety of institutional investors in the last quarter, including Bessemer Group Inc., BlackRock Inc., Robeco Institutional Asset Management B.V., FMR LLC, Squarepoint Ops LLC, Westfield Capital Management Co. LP, Lord Abbett & CO. LLC and Bank of Montreal Can. Company insiders that have sold Quest Diagnostics company stock in the last year include Everett Cunningham, Gail R Wilensky, Jeffrey M Leiden, Mark Guinan, Michael E Prevoznik and Stephen H Rusckowski. View Insider Buying and Selling for Quest Diagnostics.

Which major investors are buying Quest Diagnostics stock?

DGX stock was bought by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Norges Bank, American Century Companies Inc., Macquarie Group Ltd., APG Asset Management N.V., Two Sigma Advisers LP, Two Sigma Investments LP and First Trust Advisors LP. View Insider Buying and Selling for Quest Diagnostics.

How do I buy shares of Quest Diagnostics?

Shares of DGX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Quest Diagnostics' stock price today?

One share of DGX stock can currently be purchased for approximately $89.41.

How big of a company is Quest Diagnostics?

Quest Diagnostics has a market capitalization of $12.00 billion and generates $7.53 billion in revenue each year. The medical research company earns $736 million in net income (profit) each year or $6.31 on an earnings per share basis. Quest Diagnostics employs 46,000 workers across the globe.

What is Quest Diagnostics' official website?

The official website for Quest Diagnostics is http://www.questdiagnostics.com.

How can I contact Quest Diagnostics?

Quest Diagnostics' mailing address is 500 PLAZA DRIVE, SECAUCUS NJ, 07940. The medical research company can be reached via phone at 973-520-2700 or via email at [email protected]


MarketBeat Community Rating for Quest Diagnostics (NYSE DGX)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  381 (Vote Outperform)
Underperform Votes:  695 (Vote Underperform)
Total Votes:  1,076
MarketBeat's community ratings are surveys of what our community members think about Quest Diagnostics and other stocks. Vote "Outperform" if you believe DGX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DGX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel