Revvity, Inc. (NYSE:RVTY – Free Report) – Research analysts at Zacks Research dropped their FY2023 earnings estimates for shares of Revvity in a research report issued on Friday, October 6th. Zacks Research analyst I. Bandyopadhyay now anticipates that the company will post earnings of $4.78 per share for the year, down from their previous estimate of $4.79. The consensus estimate for Revvity’s current full-year earnings is $4.78 per share. Zacks Research also issued estimates for Revvity’s Q4 2023 earnings at $1.37 EPS, Q1 2024 earnings at $1.28 EPS, Q2 2024 earnings at $1.30 EPS, Q3 2024 earnings at $1.32 EPS, Q4 2024 earnings at $1.64 EPS, Q3 2025 earnings at $1.56 EPS and FY2025 earnings at $6.52 EPS.
RVTY has been the subject of several other research reports. Sanford C. Bernstein assumed coverage on shares of Revvity in a research report on Thursday, September 28th. They issued an “outperform” rating and a $133.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Revvity from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Barclays lowered their price objective on shares of Revvity from $130.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, September 29th. Raymond James assumed coverage on shares of Revvity in a research report on Tuesday, July 18th. They set an “outperform” rating and a $145.00 price objective for the company. Finally, Robert W. Baird lowered their price objective on shares of Revvity from $165.00 to $147.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.00.
Revvity Stock Performance
RVTY opened at $107.54 on Monday. The business has a 50-day moving average of $114.34. The company has a market cap of $13.35 billion, a P/E ratio of 16.44 and a beta of 1.08. Revvity has a 1-year low of $104.74 and a 1-year high of $150.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.58 and a quick ratio of 2.26.
Revvity (NYSE:RVTY – Get Free Report) last released its earnings results on Tuesday, August 1st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.02. The company had revenue of $709.10 million during the quarter, compared to the consensus estimate of $708.61 million. Revvity had a net margin of 29.19% and a return on equity of 9.06%. The company’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.32 EPS.
Revvity Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 20th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, October 19th. Revvity’s payout ratio is 4.28%.
Revvity Company Profile
Revvity, Inc provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide. It operates through two segments, Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment provides instruments, reagents, informatics, software, subscriptions, detection, and imaging technologies that enable scientists to enhance research breakthroughs in the life sciences research market, as well as contract research and laboratory services.
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