PerkinElmer Inc. (NYSE: RVTY) has reported earnings for its third fiscal quarter (ending September 30) of $0.76 versus $0.26 for the same period a year ago — an increase of 192%. For the latest four quarters through September 30, E.P.S. were $2.10 compared to $1.70 a year ago — an increase of 24%.
Recent Price Action
PerkinElmer Inc. (NYSE: RVTY) stock closed at $124.82 on 11/4/24 after a large increase of 3.1%. Moreover, exceptionally high trading volume at 329% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 7.3% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. PerkinElmer has a slightly positive Appreciation Score of 70 and a good Power Rating of 70, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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