QuidelOrtho (QDEL) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for QuidelOrtho in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" QDEL shares.
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5 brokers have issued 1 year target prices for QuidelOrtho's shares. Their QDEL share price forecasts range from $86.00 to $173.00. On average, they anticipate the company's stock price to reach $123.83 in the next twelve months. This suggests a possible upside of 43.7% from the stock's current price.
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QuidelOrtho's stock was trading at $85.67 on January 1st, 2023. Since then, QDEL shares have increased by 0.6% and is now trading at $86.16.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our QDEL earnings forecast.

QuidelOrtho Co. (NASDAQ:QDEL) posted its quarterly earnings results on Thursday, November, 4th. The company reported $5.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $1.84. The company earned $509.70 million during the quarter, compared to analysts' expectations of $344.25 million. QuidelOrtho had a trailing twelve-month return on equity of 10.25% and a net margin of 3.78%. QuidelOrtho's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.68 earnings per share.

ETFs with the largest weight of QuidelOrtho (NASDAQ:QDEL) stock in their portfolio include ETFMG Treatments Testing and Advancements ETF (GERM), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), First Trust Health Care AlphaDEX Fund (FXH), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), SPDR S&P Health Care Equipment ETF (XHE), ROBO Global Healthcare Technology and Innovation ETF (HTEC), Burney U.S. Factor Rotation ETF (BRNY) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG).

QuidelOrtho updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $5.15-$5.70 for the period, compared to the consensus earnings per share estimate of $5.23. The company issued revenue guidance of $2.87 billion-$3.18 billion, compared to the consensus revenue estimate of $2.95 billion.

47 employees have rated QuidelOrtho Chief Executive Officer Doug Bryant on Glassdoor.com. Doug Bryant has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other QuidelOrtho investors own include NVIDIA (NVDA), DocuSign (DOCU), Tesla (TSLA), PayPal (PYPL), Shopify (SHOP), Block (SQ), Teladoc Health (TDOC), Netflix (NFLX), Advanced Micro Devices (AMD) and Zoom Video Communications (ZM).

QuidelOrtho trades on the NASDAQ under the ticker symbol "QDEL."

QuidelOrtho's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.50%), ArrowMark Colorado Holdings LLC (4.93%), State Street Corp (2.31%), JPMorgan Chase & Co. (1.80%), Neuberger Berman Group LLC (1.73%) and Alyeska Investment Group L.P. (1.72%). Insiders that own company stock include Charles P Slacik, Douglas C Bryant, Edward L Michael, Mary Lake Ph D Polan, Matthew Strobeck, Michael Donald Jr Abney, Randall J Steward, Werner Kroll, William J Ferenczy and William J Ferenczy.
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Shares of QDEL 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 QDEL stock can currently be purchased for approximately $86.16.

QuidelOrtho (NASDAQ:QDEL) has a market capitalization of $5.74 billion and generates $3.27 billion in revenue each year. The company earns $548.70 million in net income (profit) each year or $1.82 on an earnings per share basis.

The company employs 7,000 workers across the globe.

QuidelOrtho's mailing address is 9975 SUMMERS RIDGE ROAD, SAN DIEGO CA, 92121. The official website for the company is www.quidel.com. The company can be reached via phone at (800) 874-1517, via email at rargueta@quidel.com, or via fax at 858-453-4338.