PerkinElmer, Inc. (PKI) Releases FY14 Earnings Guidance
PerkinElmer, Inc. (NYSE:PKI) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.44-2.46 for the period, compared to the Thomson Reuters consensus estimate of $2.46, Stock Ratings Network.com reports.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of PerkinElmer in a research note on Thursday, July 17th. They set a buy rating and a $55.00 price target on the stock. On a related note, 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. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $48.14.
PerkinElmer, Inc. (NYSE:PKI) traded down 1.95% during mid-day trading on Thursday, hitting $46.22. The stock had a trading volume of 1,465,128 shares. PerkinElmer, Inc. has a 52-week low of $34.05 and a 52-week high of $48.26. The stock’s 50-day moving average is $46.9 and its 200-day moving average is $44.92. The company has a market cap of $5.233 billion and a P/E ratio of 31.55.
PerkinElmer (NYSE:PKI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.59 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.59. The company had revenue of $556.20 million for the quarter, compared to the consensus estimate of $572.26 million. During the same quarter last year, the company posted $0.51 earnings per share. PerkinElmer’s revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that PerkinElmer, Inc. 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, November 7th. Shareholders of record on Friday, October 17th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Wednesday, October 15th.
PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets.
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