Alere (ALR) Announces Quarterly Results
Alere (NYSE:ALR) issued its quarterly earnings data on Thursday. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06, Analyst Ratings.Net reports. The company had revenue of $772.30 million for the quarter, compared to the consensus estimate of $770.70 million.
A number of analysts have recently weighed in on ALR shares. Analysts at Wunderlich raised their price target on shares of Alere from $40.00 to $45.00 in a research note to investors on Friday, January 10th. They now have a “buy” rating on the stock. On a related note, analysts at JMP Securities initiated coverage on shares of Alere in a research note to investors on Wednesday, December 18th. They set an “outperform” rating and a $45.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Alere to $50.00 in a research note to investors on Monday, November 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Alere has an average rating of “Buy” and an average price target of $36.20.
Alere Inc is a provider of point-of-care diagnostics and services. The Company’s products and services help healthcare practitioners make treatment decisions and improve outcomes for individuals living with chronic disease.
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