IDEXX Laboratories - IDXX Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IDEXX Laboratories in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IDXX shares.
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9 Wall Street research analysts have issued 12-month target prices for IDEXX Laboratories' stock. Their IDXX share price forecasts range from $415.00 to $582.00. On average, they expect the company's share price to reach $473.13 in the next year. This suggests a possible upside of 13.9% from the stock's current price.
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IDEXX Laboratories' stock was trading at $658.46 at the beginning of the year. Since then, IDXX shares have decreased by 36.9% and is now trading at $415.39.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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IDEXX Laboratories, Inc. (NASDAQ:IDXX) issued its quarterly earnings results on Tuesday, November, 2nd. The company reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.15. The business earned $810.42 million during the quarter, compared to analyst estimates of $793.26 million. IDEXX Laboratories had a net margin of 20.05% and a trailing twelve-month return on equity of 118.38%. During the same quarter last year, the company earned $1.69 EPS.
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IDEXX Laboratories updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of $7.74-$7.98 for the period, compared to the consensus earnings per share estimate of $7.95. The company issued revenue guidance of $3.33 billion-$3.37 billion, compared to the consensus revenue estimate of $3.37 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (10.62%), Vanguard Group Inc. (9.72%), State Street Corp (4.57%), Alliancebernstein L.P. (3.51%), Blair William & Co. IL (1.48%) and Brown Advisory Inc. (1.46%). 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 $415.39.

IDEXX Laboratories (NASDAQ:IDXX) has a market capitalization of $34.40 billion and generates $3.22 billion in revenue each year. The company earns $744.84 million in net income (profit) each year or $7.87 on an earnings per share basis.

The company employs 10,350 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.