
Embecta (NASDAQ:EMBC) Reaches New 12-Month Low After Earnings Miss

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Embecta Corp. (NASDAQ:EMBC) reached a new 52-week low of $3.89 after reporting weaker-than-expected earnings of $0.27 per share, missing estimates by $0.15. Revenue fell 14.4% year-over-year to $221.80 million, below the $235.67 million forecast. The company also announced a quarterly dividend of $0.01, with a yield of 1.0%. Analysts have mixed ratings, with a consensus "Hold" rating and a target price of $18.50. Embecta's stock has declined 57.8% and is primarily owned by institutional investors, holding 93.83% of shares.
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