PerkinElmer (NYSE:PKI) announced a quarterly dividend on Thursday, June 13th, Analyst Ratings.Net reports. Shareholders of record on Friday, July 19th will be paid a dividend of $0.07 per share on Friday, August 9th. This represents a $0.28 annualized dividend and a dividend yield of 0.84%.
Several analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of PerkinElmer from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, May 16th. They now have a $30.00 price target on the stock. On the ratings front, analysts at Jefferies Group initiated coverage on shares of PerkinElmer in a research note to investors on Tuesday, May 7th. They set a “hold” rating and a $33.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $35.47.
Shares of PerkinElmer (NYSE: PKI) traded up 2.55% during mid-day trading on Thursday, hitting $33.42. PerkinElmer has a one year low of $23.73 and a one year high of $35.86. The stock’s 50-day moving average is currently $32.03. The company has a market cap of $3.741 billion and a P/E ratio of 46.69.
PerkinElmer (NYSE: PKI) last released its earnings data on Thursday, April 25th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.12. The company had revenue of $505.38 million for the quarter, compared to the consensus estimate of $532.25 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. PerkinElmer has set its FY13 guidance at $2.00-2.10 EPS. On average, analysts predict that PerkinElmer will post $2.04 earnings per share for the current fiscal year.
PerkinElmer, Inc. is a provider of technology, services and solutions to the diagnostics, research, environmental and safety, industrial and laboratory services markets.