IDEXX Laboratories (IDXX) Announces Quarterly Earnings, Beats Expectations By $0.01 EPS

IDEXX Laboratories (IDXX) issued its quarterly earnings data on Friday. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The company’s quarterly revenue was up 10.2% on a year-over-year basis.

Several analysts have also recently commented on the stock. Analysts at Feltl & Co. raised their price target on shares of IDEXX Laboratories from $87.50 to $90.00 in a research note to investors on Monday, April 23rd. They now have a “hold” rating on the stock. On the ratings front, analysts at Leerink Swann upgraded shares of IDEXX Laboratories from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, April 23rd. Finally, analysts at Bank of America raised their price target on shares of IDEXX Laboratories from $93.00 to $94.00 in a research note to investors on Friday, April 20th. They now have a “buy” rating on the stock.

Shares of IDEXX Laboratories (IDXX) traded up 2.72% during mid-day trading on Friday, hitting $96.13. IDEXX Laboratories (IDXX) has a 52 week low of $63.83 and a 52 week high of $96.80. The company has a market cap of $5.291 billion and a P/E ratio of 32.47.

IDEXX Laboratories, Inc. (IDEXX) develops, manufactures and distributes products, and provides services primarily for the veterinary and the production animal, water testing and dairy markets.

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Posted by Web Inquirer Staff on 30 Jun 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.