IDEXX Laboratories - IDXX Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IDEXX Laboratories in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IDXX shares.
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8 equities research analysts have issued twelve-month target prices for IDEXX Laboratories' shares. Their IDXX share price forecasts range from $415.00 to $600.00. On average, they predict the company's stock price to reach $520.63 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price.
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IDEXX Laboratories' stock was trading at $407.96 on January 1st, 2023. Since then, IDXX shares have increased by 19.7% and is now trading at $488.14.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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IDEXX Laboratories, Inc. (NASDAQ:IDXX) released its quarterly earnings data on Monday, February, 6th. The company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.13. The business earned $828.60 million during the quarter, compared to the consensus estimate of $820.91 million. IDEXX Laboratories had a net margin of 20.17% and a trailing twelve-month return on equity of 124.51%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 EPS.
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ETFs with the largest weight of IDEXX Laboratories (NASDAQ:IDXX) stock in their portfolio include ProShares Pet Care ETF (PAWZ), Sterling Capital Focus Equity ETF (LCG), First Trust Water ETF (FIW), Invesco DWA Healthcare Momentum ETF (PTH), iShares U.S. Medical Devices ETF (IHI), Neuberger Berman Disrupters ETF (NBDS), AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM).

IDEXX Laboratories issued an update on its FY 2023 earnings guidance on Monday, February, 6th. The company provided earnings per share guidance of $9.27-$9.75 for the period, compared to the consensus estimate of $9.50. The company issued revenue guidance of $3.59 billion-$3.69 billion, compared to the consensus revenue estimate of $3.62 billion.

40 employees have rated IDEXX Laboratories Chief Executive Officer Jay Mazelsky on Glassdoor.com. Jay Mazelsky has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other IDEXX Laboratories investors own include NVIDIA (NVDA), Netflix (NFLX), PayPal (PYPL), Mastercard (MA), Adobe (ADBE), Tesla (TSLA), Alibaba Group (BABA), Block (SQ), Walt Disney (DIS) and Shopify (SHOP).

IDEXX Laboratories trades on the NASDAQ under the ticker symbol "IDXX."

IDEXX Laboratories' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (8.99%), Fundsmith LLP (4.16%), Alliancebernstein L.P. (3.91%), Bamco Inc. NY (2.87%), Geode Capital Management LLC (2.32%) and American Century Companies Inc. (1.82%). Insiders that own company stock include Brian P Mckeon, Brian P Mckeon, Bruce L Claflin, Daniel M Junius, Giovani Twigge, James F Polewaczyk, James F Polewaczyk, Jonathan Jay Mazelsky, Jonathan W Ayers, Kathy V Turner, Kathy V Turner, M Anne Szostak, Michael Lane, Nimrata Hunt, Rebecca M Henderson and Sophie V Vandebroek.
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Shares of IDXX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IDXX stock can currently be purchased for approximately $488.14.

IDEXX Laboratories (NASDAQ:IDXX) has a market capitalization of $40.47 billion and generates $3.37 billion in revenue each year. The company earns $679.09 million in net income (profit) each year or $8.03 on an earnings per share basis.

The company employs 10,780 workers across the globe.

IDEXX Laboratories' mailing address is ONE IDEXX DRIVE, WESTBROOK ME, 04092. The official website for the company is www.idexx.com. The company can be reached via phone at (207) 556-0300, via email at investorrelations@idexx.com, or via fax at 207-556-4346.