PerkinElmer Inc. (NYSE: PKI) has reported earnings for its second fiscal quarter (ending June 30) of $0.59 versus $0.47 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.60 compared to $1.98 a year ago.
Recent Price Action
On 7/29/24, PerkinElmer Inc. (NYSE: PKI) stock enjoyed a very large increase of 9.1%, closing at $125.59. Moreover, this advance was accompanied by exceptionally high trading volume at 234% of normal. Relative to the market the stock has been strong over the last nine months and has risen 16.1% during the last week.
Current PriceTarget Research Rating
PKI is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
PerkinElmer has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. PerkinElmer has a slightly positive Power Rating of 64 and a good Appreciation Score of 72, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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