PerkinElmer, Inc. (NYSE:PKI) – Equities research analysts at Cantor Fitzgerald issued their FY2016 EPS estimates for shares of PerkinElmer in a research report issued to clients and investors on Tuesday. Cantor Fitzgerald analyst B. Brokmeier expects that the brokerage will post earnings of $2.77 per share for the year. Cantor Fitzgerald has a “Buy” rating and a $60.00 price target on the stock. Cantor Fitzgerald also issued estimates for PerkinElmer’s FY2017 earnings at $3.00 EPS.

PerkinElmer (NYSE:PKI) last announced its earnings results on Monday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. PerkinElmer had a return on equity of 14.55% and a net margin of 10.48%. The company had revenue of $548 million for the quarter, compared to analyst estimates of $572.03 million. During the same period in the prior year, the company posted $0.60 EPS. PerkinElmer’s quarterly revenue was down 2.7% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: “PerkinElmer, Inc. (PKI) Expected to Post FY2016 Earnings of $2.77 Per Share” was first reported by Watch List News and is the propert of of Watch List News. If you are reading this article on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this article can be accessed at http://www.watchlistnews.com/perkinelmer-inc-pki-expected-to-post-fy2016-earnings-of-2-77-per-share/1061056.html.

Several other research analysts have also weighed in on PKI. Barclays PLC reaffirmed a “sell” rating and issued a $50.00 target price on shares of PerkinElmer in a research report on Tuesday, November 8th. Zacks Investment Research raised PerkinElmer from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $55.20.

PerkinElmer (NYSE:PKI) opened at 53.90 on Friday. The firm has a 50 day moving average price of $52.67 and a 200-day moving average price of $53.37. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 25.09 and a beta of 0.90. PerkinElmer has a 12 month low of $39.50 and a 12 month high of $57.28.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of PerkinElmer by 5.2% in the second quarter. Vanguard Group Inc. now owns 9,959,777 shares of the company’s stock worth $522,092,000 after buying an additional 494,551 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of PerkinElmer by 1.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,547,518 shares of the company’s stock worth $479,601,000 after buying an additional 136,105 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of PerkinElmer by 0.9% in the second quarter. Janus Capital Management LLC now owns 5,721,157 shares of the company’s stock worth $299,903,000 after buying an additional 52,490 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of PerkinElmer by 11.5% in the third quarter. Victory Capital Management Inc. now owns 3,425,679 shares of the company’s stock worth $192,215,000 after buying an additional 351,986 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in shares of PerkinElmer by 2.6% in the second quarter. Pictet Asset Management Ltd. now owns 3,072,854 shares of the company’s stock worth $168,238,000 after buying an additional 78,293 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “PerkinElmer, Inc. (PKI) Expected to Post FY2016 Earnings of $2.77 Per Share” was first reported by Watch List News and is the propert of of Watch List News. If you are reading this article on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this article can be accessed at http://www.watchlistnews.com/perkinelmer-inc-pki-expected-to-post-fy2016-earnings-of-2-77-per-share/1061056.html.

In related news, Director Alexis P. Michas sold 15,000 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $51.00, for a total transaction of $765,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Friday, January 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, January 18th. This represents a $0.28 annualized dividend and a yield of 0.52%. PerkinElmer’s payout ratio is 13.02%.

About PerkinElmer

PerkinElmer, Inc is a provider of products, services and solutions to the diagnostics, research, environmental and laboratory markets. The Company’s operating segments include Human Health, Environmental Health and Corporate. The Human Health segment concentrates on developing diagnostics, tools and applications to help detect diseases earlier.

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