Analysts Anticipate Stevanato Group S.p.A. (NYSE:STVN) Will Announce Quarterly Sales of $237.24 Million

Wall Street analysts expect Stevanato Group S.p.A. (NYSE:STVNGet Rating) to announce sales of $237.24 million for the current quarter, according to Zacks. Four analysts have provided estimates for Stevanato Group’s earnings, with the highest sales estimate coming in at $245.41 million and the lowest estimate coming in at $232.01 million. Stevanato Group posted sales of $245.77 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.5%. The company is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Stevanato Group will report full-year sales of $988.01 million for the current financial year, with estimates ranging from $981.86 million to $993.17 million. For the next financial year, analysts forecast that the company will post sales of $1.07 billion, with estimates ranging from $1.03 billion to $1.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Stevanato Group.

Stevanato Group (NYSE:STVNGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported €0.11 ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of €0.11 ($0.11). The business had revenue of €212.10 million for the quarter, compared to the consensus estimate of €212.23 million. Stevanato Group had a net margin of 14.57% and a return on equity of 16.39%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS.

A number of equities research analysts have weighed in on STVN shares. Citigroup cut their target price on Stevanato Group from $27.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, March 9th. Morgan Stanley cut their price objective on Stevanato Group from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, March 9th. Bank of America cut their price objective on Stevanato Group from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, March 9th. Zacks Investment Research downgraded Stevanato Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 10th. Finally, Wells Fargo & Company cut their price objective on Stevanato Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Stevanato Group currently has an average rating of “Buy” and an average target price of €24.44 ($25.46).

NYSE:STVN opened at €15.67 ($16.32) on Thursday. Stevanato Group has a 52 week low of €13.35 ($13.91) and a 52 week high of €29.18 ($30.40). The firm has a market capitalization of $4.63 billion and a PE ratio of 27.98. The stock has a 50 day moving average of €17.33 and a 200-day moving average of €19.19. The company has a current ratio of 2.48, a quick ratio of 2.01 and a debt-to-equity ratio of 0.22.

Several institutional investors have recently made changes to their positions in STVN. Lazard Asset Management LLC lifted its holdings in Stevanato Group by 3.4% in the 1st quarter. Lazard Asset Management LLC now owns 6,366,679 shares of the company’s stock worth $128,097,000 after purchasing an additional 210,007 shares during the last quarter. WCM Investment Management LLC grew its position in Stevanato Group by 21.5% in the first quarter. WCM Investment Management LLC now owns 2,654,303 shares of the company’s stock valued at $53,405,000 after acquiring an additional 469,613 shares during the period. Norges Bank bought a new stake in Stevanato Group in the fourth quarter valued at $42,342,000. Morgan Stanley bought a new stake in shares of Stevanato Group during the third quarter worth $32,099,000. Finally, Miura Global Management LLC grew its holdings in shares of Stevanato Group by 32.3% during the fourth quarter. Miura Global Management LLC now owns 1,191,000 shares of the company’s stock worth $26,738,000 after purchasing an additional 291,000 shares during the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

About Stevanato Group (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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