PerkinElmer Director Alexis P. Michas Unloads 9,146 Shares (PKI)
PerkinElmer (NYSE:PKI) Director Alexis P. Michas sold 9,146 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $46.30, for a total transaction of $423,459.80. Following the sale, the director now directly owns 81,321 shares of the company’s stock, valued at approximately $3,765,162. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
PerkinElmer (NYSE:PKI) traded up 1.65% during mid-day trading on Friday, hitting $47.52. The stock had a trading volume of 823,264 shares. PerkinElmer has a one year low of $32.08 and a one year high of $46.81. The stock’s 50-day moving average is $43.95 and its 200-day moving average is $42.94. The company has a market cap of $5.380 billion and a P/E ratio of 31.29.
PerkinElmer (NYSE:PKI) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.02. The company had revenue of $531.90 million for the quarter, compared to the consensus estimate of $531.31 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that PerkinElmer will post $2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 8th. Investors of record on Friday, July 18th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, July 16th.
A number of research firms have recently commented on PKI. Analysts at Wedbush raised their price target on shares of PerkinElmer from $47.00 to $52.00 in a research note on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PerkinElmer in a research note on Wednesday, May 14th. They now have a $47.00 price target on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of PerkinElmer from a “neutral” rating to a “buy” rating in a research note on Monday, May 5th. They now have a $50.00 price target on the stock, up previously from $49.00. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.17.
PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
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