Bio-Rad Laboratories, Inc. (BIO) to Release Earnings on Thursday
Bio-Rad Laboratories, Inc. (NYSE:BIO) is scheduled to release its earnings data after the market closes on Thursday, August 3rd. Analysts expect Bio-Rad Laboratories to post earnings of $0.49 per share for the quarter.
Bio-Rad Laboratories (NYSE:BIO) last posted its quarterly earnings results on Thursday, May 4th. The medical research company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. Bio-Rad Laboratories had a net margin of 1.35% and a return on equity of 3.23%. The company had revenue of $500.05 million for the quarter, compared to analyst estimates of $477.76 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts expect Bio-Rad Laboratories to post $2.94 EPS for the current fiscal year and $4.58 EPS for the next fiscal year.
Shares of Bio-Rad Laboratories, Inc. (NYSE:BIO) opened at 238.95 on Thursday. The stock has a 50 day moving average of $227.42 and a 200 day moving average of $209.13. Bio-Rad Laboratories, Inc. has a 52-week low of $143.26 and a 52-week high of $239.91. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 254.20 and a beta of 0.91.
A number of equities analysts recently issued reports on BIO shares. Zacks Investment Research raised shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a report on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Bio-Rad Laboratories in a report on Thursday, April 27th. Wells Fargo & Company started coverage on shares of Bio-Rad Laboratories in a report on Thursday, July 13th. They issued an “outperform” rating and a $250.00 price objective on the stock. Deutsche Bank AG raised shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $220.00 to $195.00 in a report on Wednesday, June 28th. Finally, BidaskClub raised shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $228.80.
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Bio-Rad Laboratories Company Profile
Bio-Rad Laboratories, Inc (Bio-Rad) is a manufacturer and distributor of its life science research and clinical diagnostics products. The Company operates through two segments: Life Science and Clinical Diagnostics. It manufactures and supplies the life science research, healthcare, analytical chemistry and other markets with a range of products and systems used to separate complex chemical and biological materials and to identify, analyze and purify their components.
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