Stevanato Group S.p.A. Forecasted to Earn FY2024 Earnings of $0.63 Per Share (NYSE:STVN)

Stevanato Group S.p.A. (NYSE:STVNGet Rating) – KeyCorp decreased their FY2024 earnings estimates for shares of Stevanato Group in a research report issued to clients and investors on Tuesday, May 10th. KeyCorp analyst P. Knight now expects that the company will earn $0.63 per share for the year, down from their prior forecast of $0.65.

Stevanato Group (NYSE:STVNGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported €0.11 ($0.12) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of €0.11 ($0.12). Stevanato Group had a return on equity of 17.40% and a net margin of 14.57%. The company had revenue of €212.10 million during the quarter, compared to the consensus estimate of €212.23 million. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Stevanato Group from a “buy” rating to a “hold” rating in a report on Thursday, March 10th. Citigroup lowered their target price on Stevanato Group from $27.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, March 9th. Morgan Stanley lowered their target price on Stevanato Group from $30.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, March 9th. Bank of America lowered their target price on Stevanato Group from $30.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, March 9th. Finally, Wells Fargo & Company lowered their target price on Stevanato Group from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, April 25th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Stevanato Group currently has an average rating of “Buy” and an average price target of €24.44 ($25.72).

STVN stock traded up €0.51 ($0.54) during mid-day trading on Friday, reaching €15.26 ($16.06). The company’s stock had a trading volume of 2,850 shares, compared to its average volume of 334,596. The company has a market cap of $4.51 billion and a price-to-earnings ratio of 26.34. The business’s 50 day moving average price is €17.39 and its 200 day moving average price is €19.54. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.24. Stevanato Group has a 12 month low of €13.35 ($14.05) and a 12 month high of €29.18 ($30.72).

Large investors have recently made changes to their positions in the stock. UBS Group AG purchased a new position in shares of Stevanato Group during the third quarter valued at approximately $55,000. Captrust Financial Advisors purchased a new position in shares of Stevanato Group during the third quarter valued at approximately $56,000. First Horizon Advisors Inc. purchased a new position in shares of Stevanato Group during the first quarter valued at approximately $65,000. Russell Investments Group Ltd. purchased a new position in shares of Stevanato Group during the fourth quarter valued at approximately $93,000. Finally, Advisor Group Holdings Inc. purchased a new position in shares of Stevanato Group during the third quarter valued at approximately $176,000. 90.26% of the stock is currently owned by institutional investors.

Stevanato Group Company Profile (Get Rating)

Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for pharma and healthcare. Its principal products include containment solutions, drug delivery systems, medical devices, diagnostic, analytical services, visual inspection machines, assembling and packaging machines, and glass forming machines.

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Earnings History and Estimates for Stevanato Group (NYSE:STVN)

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