Analysts predict that PerkinElmer, Inc. (NYSE:PKI) will post $0.94 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for PerkinElmer’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $0.95. PerkinElmer posted earnings per share of $0.83 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The firm is expected to announce its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that PerkinElmer will report full year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.87 to $2.92. For the next fiscal year, analysts expect that the firm will report earnings of $3.16 per share, with EPS estimates ranging from $3.13 to $3.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover PerkinElmer.
Several analysts recently weighed in on PKI shares. Robert W. Baird reissued a “buy” rating and set a $72.00 price target on shares of PerkinElmer in a report on Friday, October 20th. Citigroup raised their price objective on PerkinElmer from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $81.00 price objective on shares of PerkinElmer in a research note on Friday, August 4th. Cowen reaffirmed a “hold” rating and set a $70.00 price objective on shares of PerkinElmer in a research note on Friday, September 1st. Finally, Jefferies Group reaffirmed a “hold” rating and set a $70.00 price objective on shares of PerkinElmer in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $68.64.
A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its holdings in shares of PerkinElmer by 15.1% during the 2nd quarter. Bank of Montreal Can now owns 37,753 shares of the medical research company’s stock worth $2,572,000 after acquiring an additional 4,955 shares during the period. Creative Planning lifted its holdings in shares of PerkinElmer by 108.3% during the 2nd quarter. Creative Planning now owns 4,032 shares of the medical research company’s stock worth $275,000 after acquiring an additional 2,096 shares during the period. LS Investment Advisors LLC lifted its holdings in shares of PerkinElmer by 2.1% during the 2nd quarter. LS Investment Advisors LLC now owns 2,877 shares of the medical research company’s stock worth $196,000 after acquiring an additional 60 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of PerkinElmer by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the medical research company’s stock worth $463,000 after acquiring an additional 100 shares during the period. Finally, Aperio Group LLC raised its holdings in PerkinElmer by 17.4% in the second quarter. Aperio Group LLC now owns 53,525 shares of the medical research company’s stock valued at $3,647,000 after buying an additional 7,945 shares during the period. Hedge funds and other institutional investors own 91.66% of the company’s stock.
PerkinElmer (NYSE:PKI) traded down $0.60 during trading hours on Friday, hitting $73.08. The company had a trading volume of 163,433 shares, compared to its average volume of 632,139. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.09 and a current ratio of 2.59. The company has a market capitalization of $8,070.00, a P/E ratio of 26.55, a PEG ratio of 2.21 and a beta of 0.77. PerkinElmer has a fifty-two week low of $50.51 and a fifty-two week high of $74.11.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 19th will be issued a $0.07 dividend. The ex-dividend date is Thursday, January 18th. This represents a $0.28 annualized dividend and a yield of 0.38%. PerkinElmer’s dividend payout ratio (DPR) is presently 12.67%.
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PerkinElmer Company Profile
PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets. The Company operates through two segments: Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment serves the environmental, food, industrial, life sciences research and laboratory services markets.
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