PerkinElmer (NYSE:PKI) issued an update on its fourth quarter 2020
Pre-Market earnings guidance on Monday morning. The company provided earnings per share guidance of 3.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.79. The company issued revenue guidance of $1.337-1.337 billion, compared to the consensus revenue estimate of $1.18 billion.PerkinElmer also updated its Q4 guidance to at least $3.60 EPS.

PKI stock opened at $151.52 on Thursday. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 57.61, a PEG ratio of 1.74 and a beta of 1.30. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $143.51 and a 200-day simple moving average of $125.27. PerkinElmer has a 52 week low of $62.91 and a 52 week high of $162.70.

PerkinElmer (NYSE:PKI) last released its quarterly earnings data on Wednesday, October 28th. The medical research company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.67. The business had revenue of $964.03 million during the quarter. PerkinElmer had a return on equity of 18.40% and a net margin of 9.87%. As a group, analysts expect that PerkinElmer will post 5.45 earnings per share for the current fiscal year.

The business also recently declared a dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 22nd will be issued a $1.2144 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a yield of 2.91%. PerkinElmer’s dividend payout ratio is currently 6.83%.

Several analysts recently issued reports on the company. KeyCorp assumed coverage on PerkinElmer in a report on Monday, November 9th. They issued a sector weight rating and a $150.00 price target for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on PerkinElmer from $140.00 to $150.00 in a report on Friday, December 11th. Smith Barney Citigroup increased their price target on PerkinElmer from $140.00 to $150.00 in a report on Friday, December 11th. ValuEngine downgraded PerkinElmer from a hold rating to a sell rating in a report on Monday, November 2nd. Finally, The Goldman Sachs Group started coverage on shares of PerkinElmer in a research report on Wednesday, December 2nd. They issued a buy rating and a $160.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. PerkinElmer has a consensus rating of Hold and an average target price of $122.19.

In other PerkinElmer news, insider Andrew Okun sold 6,107 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $140.14, for a total value of $855,834.98. Following the transaction, the insider now owns 16,417 shares of the company’s stock, valued at $2,300,678.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel R. Tereau sold 4,094 shares of the firm’s stock in a transaction dated Monday, December 14th. The stock was sold at an average price of $146.68, for a total transaction of $600,507.92. Insiders have sold 20,837 shares of company stock worth $3,051,743 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.

About PerkinElmer

PerkinElmer, Inc provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide. The company operates in two segments, Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment offers a suite of solutions, including reagents, informatics, and detection and imaging technologies that enable scientists to enhance research breakthroughs in the life sciences research market, as well as laboratory services.

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