PerkinElmer SVP Daniel R. Marshak Sells 12,000 Shares (PKI)
PerkinElmer (NYSE:PKI) SVP Daniel R. Marshak sold 12,000 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $48.00, for a total transaction of $576,000.00. Following the completion of the sale, the senior vice president now directly owns 45,445 shares of the company’s stock, valued at approximately $2,181,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PKI. Analysts at Cowen and Company raised their price target on shares of PerkinElmer from $50.00 to $53.00 in a research note on Tuesday, July 1st. Separately, analysts at Wedbush raised their price target on shares of PerkinElmer from $47.00 to $52.00 in a research note on Wednesday, June 4th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.62.
PerkinElmer (NYSE:PKI) traded down 1.64% on Monday, hitting $47.46. 489,278 shares of the company’s stock traded hands. PerkinElmer has a 52 week low of $32.60 and a 52 week high of $48.26. The stock has a 50-day moving average of $45.90 and a 200-day moving average of $44.17. The company has a market cap of $5.373 billion and a price-to-earnings ratio of 32.30.
PerkinElmer (NYSE:PKI) last announced its earnings results on Thursday, April 24th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that PerkinElmer will post $2.46 EPS for the current fiscal year.
PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
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