IDEXX Laboratories (IDXX) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IDEXX Laboratories in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IDXX shares.
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7 brokers have issued twelve-month price targets for IDEXX Laboratories' stock. Their IDXX share price forecasts range from $415.00 to $600.00. On average, they expect the company's share price to reach $527.86 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
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IDEXX Laboratories' stock was trading at $407.96 at the start of the year. Since then, IDXX stock has increased by 14.3% and is now trading at $466.22.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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IDEXX Laboratories, Inc. (NASDAQ:IDXX) released its quarterly earnings data on Monday, February, 6th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.13. The firm had revenue of $828.60 million for the quarter, compared to analyst estimates of $820.91 million. IDEXX Laboratories had a net margin of 20.38% and a trailing twelve-month return on equity of 117.37%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $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), Neuberger Berman Disrupters ETF (NBDS), iShares U.S. Medical Devices ETF (IHI), AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ) and Simplify Health Care ETF (PINK).

IDEXX Laboratories updated its FY23 earnings guidance on Tuesday, May, 2nd. The company provided earnings per share guidance of $9.33-$9.75 for the period, compared to the consensus earnings per share estimate of $9.63. The company issued revenue guidance of $3.619-$3.70 billion, compared to the consensus revenue estimate of $3.66 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.49%), State Street Corp (4.43%), Geode Capital Management LLC (2.35%), Franklin Resources Inc. (1.63%), Blair William & Co. IL (1.46%) and Brown Advisory Inc. (1.38%). 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 $466.22.

IDEXX Laboratories (NASDAQ:IDXX) has a market capitalization of $38.65 billion and generates $3.37 billion in revenue each year. The company earns $679.09 million in net income (profit) each year or $8.31 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.