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Meridian Bioscience Stock Price, Forecast & Analysis (NASDAQ:VIVO)

$8.75
-0.01 (-0.11 %)
(As of 11/19/2019 04:00 PM ET)
Today's Range
$8.51
Now: $8.75
$8.92
50-Day Range
$7.90
MA: $9.39
$10.13
52-Week Range
$7.63
Now: $8.75
$19.57
Volume572,200 shs
Average Volume348,366 shs
Market Capitalization$373.72 million
P/E Ratio12.87
Dividend YieldN/A
Beta0.37
Meridian Bioscience, Inc, a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for various gastrointestinal and respiratory infectious diseases, and elevated blood lead levels worldwide. The company operates through Diagnostics and Life Science segments. The Diagnostics segment offers testing platforms and technologies, including isothermal DNA amplification under the Alethia brand; rapid immunoassays, a single-use immunoassays under the ImmunoCard and ImmunoCard STAT! brand names; enzyme-linked immunoassays under the PREMIER brand; and anodic stripping voltammetry, an electrical chemical sensor platform for quantitative determination under the LeadCare brand. Read More…

Industry, Sector and Symbol

Industry Diagnostic substances
Sub-IndustryHealth Care Supplies
SectorMedical
Current SymbolNASDAQ:VIVO
CUSIP58958410
Phone513-271-3700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$201.01 million
Cash Flow$0.96 per share
Book Value$4.14 per share

Profitability

Net Income$24.38 million

Miscellaneous

Employees585
Market Cap$373.72 million
Next Earnings Date1/23/2020 (Estimated)
OptionableOptionable

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Meridian Bioscience (NASDAQ:VIVO) Frequently Asked Questions

What is Meridian Bioscience's stock symbol?

Meridian Bioscience trades on the NASDAQ under the ticker symbol "VIVO."

How often does Meridian Bioscience pay dividends? What is the dividend yield for Meridian Bioscience?

Meridian Bioscience declared a quarterly dividend on Friday, January 25th. Investors of record on Monday, February 4th will be paid a dividend of $0.125 per share on Thursday, February 14th. This represents a $0.50 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Friday, February 1st. View Meridian Bioscience's Dividend History.

How were Meridian Bioscience's earnings last quarter?

Meridian Bioscience, Inc. (NASDAQ:VIVO) announced its earnings results on Thursday, November, 7th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. The firm earned $50.80 million during the quarter, compared to the consensus estimate of $50.57 million. Meridian Bioscience had a net margin of 12.13% and a return on equity of 15.89%. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 EPS. View Meridian Bioscience's Earnings History.

When is Meridian Bioscience's next earnings date?

Meridian Bioscience is scheduled to release their next quarterly earnings announcement on Thursday, January 23rd 2020. View Earnings Estimates for Meridian Bioscience.

What guidance has Meridian Bioscience issued on next quarter's earnings?

Meridian Bioscience updated its FY20 earnings guidance on Thursday, November, 7th. The company provided earnings per share guidance of $0.28-0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.48.

What price target have analysts set for VIVO?

3 brokers have issued 1-year price targets for Meridian Bioscience's shares. Their forecasts range from $8.00 to $14.00. On average, they expect Meridian Bioscience's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price. View Analyst Price Targets for Meridian Bioscience.

What is the consensus analysts' recommendation for Meridian Bioscience?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian Bioscience in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meridian Bioscience.

What are Wall Street analysts saying about Meridian Bioscience stock?

Here are some recent quotes from research analysts about Meridian Bioscience stock:
  • 1. According to Zacks Investment Research, "Meridian Bioscience, Inc. is a fully integrated life science company that manufactures, markets and distributes a broad range of innovative diagnostic test kits, purified reagents and biopharmaceutical enabling technologies that help deliver answers. Its products provide accuracy, simplicity and speed for the early diagnosis and treatment of common medical conditions, such as C. difficile, H. pylori, foodborne diseases and respiratory infections. In addition, the company develops and manufactures a variety of biological and non-biological materials used in proficiency testing programs. Meridian diagnostic products are used outside of the human body and require little or no special equipment. Meridian Bioscience designs their products to enhance the well-being of the patient-while reducing the total outcome costs of healthcare. Meridian has strong market positions in the areas of gastrointestinal infections, serology, parasitology and fungal disease diagnosis. " (11/3/2019)
  • 2. Canaccord Genuity analysts commented, "We reiterate our SELL rating and $9 PT on VIVO. Third straight miss. FQ3/19 revs of $48.4M (-6% Y/Y) missed our/Street’s prior $49.8M (-4%), driven by broad-based weakness. Diagnostics declined 9% (vs. our -6%) driven by a ~21% decline in molecular ~15% decline in gastrointestinal revs (volume declines in 13% decline in H. Pylori revs due to price erosion). Life Science revs declined 0.3% due to softness in the 9% decline in molecular reagents. (-350bps) missed our 59%E. Meridian manufactured" an EPS beat based on lower investment and lower commissions paid to sales reps who missed their numbers. Adj. EPS of $0.16 beat our $0.07/Street’s $0.09. Third straight guide down." (7/31/2019)

Has Meridian Bioscience been receiving favorable news coverage?

News stories about VIVO stock have trended very negative recently, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Meridian Bioscience earned a daily sentiment score of -3.4 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Meridian Bioscience.

Are investors shorting Meridian Bioscience?

Meridian Bioscience saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,290,000 shares, a decline of 6.1% from the September 30th total of 2,440,000 shares. Based on an average daily trading volume, of 288,100 shares, the short-interest ratio is presently 7.9 days. Approximately 5.5% of the company's stock are short sold. View Meridian Bioscience's Current Options Chain.

Who are some of Meridian Bioscience's key competitors?

What other stocks do shareholders of Meridian Bioscience own?

Who are Meridian Bioscience's key executives?

Meridian Bioscience's management team includes the folowing people:
  • Mr. John P. Kenny, CEO, Exec. VP of Diagnostics Bus. Unit & Director (Age 50)
  • Ms. Susan D. Rolih, Consultant (Age 70)
  • Ms. Melissa A. Lueke, Consultant (Age 56)
  • Mr. Eric S. Rasmussen, Exec. VP & CFO (Age 51)
  • Mr. Bryan Baldasare, Chief Accounting Officer, Sr. VP, Corp. Controller & Treasurer

Who are Meridian Bioscience's major shareholders?

Meridian Bioscience's stock is owned by a number of of retail and institutional investors. Top institutional investors include Systematic Financial Management LP (2.92%), Assenagon Asset Management S.A. (0.80%), Gamco Investors INC. ET AL (0.52%), State of New Jersey Common Pension Fund D (0.47%), Mondrian Investment Partners LTD (0.41%) and Russell Investments Group Ltd. (0.33%). Company insiders that own Meridian Bioscience stock include David Phillips, Dwight E Ellingwood, James M Anderson, John Mccune Jr Rice, John Mcilwraith, John P Kenny and Lawrence Baldini. View Institutional Ownership Trends for Meridian Bioscience.

Which institutional investors are selling Meridian Bioscience stock?

VIVO stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Gabelli Funds LLC, Teton Advisors Inc., Wedge Capital Management L L P NC, Mackay Shields LLC, Municipal Employees Retirement System of Michigan and New York State Teachers Retirement System. View Insider Buying and Selling for Meridian Bioscience.

Which institutional investors are buying Meridian Bioscience stock?

VIVO stock was acquired by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Russell Investments Group Ltd., First Trust Advisors LP, Gamco Investors INC. ET AL, Systematic Financial Management LP, Mondrian Investment Partners LTD, Bowling Portfolio Management LLC and Alberta Investment Management Corp. Company insiders that have bought Meridian Bioscience stock in the last two years include David Phillips, Dwight E Ellingwood, James M Anderson, John Mccune Jr Rice, John Mcilwraith and John P Kenny. View Insider Buying and Selling for Meridian Bioscience.

How do I buy shares of Meridian Bioscience?

Shares of VIVO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Meridian Bioscience's stock price today?

One share of VIVO stock can currently be purchased for approximately $8.75.

How big of a company is Meridian Bioscience?

Meridian Bioscience has a market capitalization of $373.72 million and generates $201.01 million in revenue each year. The company earns $24.38 million in net income (profit) each year or $0.68 on an earnings per share basis. Meridian Bioscience employs 585 workers across the globe.View Additional Information About Meridian Bioscience.

What is Meridian Bioscience's official website?

The official website for Meridian Bioscience is http://www.meridianbioscience.com/.

How can I contact Meridian Bioscience?

Meridian Bioscience's mailing address is 3471 RIVER HILLS DRIVE, CINCINNATI OH, 45244. The company can be reached via phone at 513-271-3700.


MarketBeat Community Rating for Meridian Bioscience (NASDAQ VIVO)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  255 (Vote Outperform)
Underperform Votes:  420 (Vote Underperform)
Total Votes:  675
MarketBeat's community ratings are surveys of what our community members think about Meridian Bioscience and other stocks. Vote "Outperform" if you believe VIVO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VIVO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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