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NASDAQ:VIVOMeridian Bioscience Stock Price, Forecast & News

$18.14
-0.14 (-0.77 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$17.72
Now: $18.14
$18.48
50-Day Range
$17.47
MA: $23.06
$26.41
52-Week Range
$5.51
Now: $18.14
$26.58
Volume622,321 shs
Average Volume784,068 shs
Market Capitalization$777.53 million
P/E Ratio17.61
Dividend YieldN/A
Beta0.94
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 real-time PCR amplification under the Revogene brand; isothermal DNA amplification under the Alethia brand; rapid fluorescence-based immunoassay platform under the Curian brand; rapid 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 and PediaStat brands. This segment's products are primarily used in the detection of infectious diseases caused by various bacteria, viruses, parasites, and pathogens. Its products consists of gastrointestinal assays, including tests for C. difficile, Enterohemorrhagic E. coli, Campylobacter jejuni, H. pylori, Cryptosporidium, giardia lamblia, and calprotectin; respiratory illness assays, such as tests for Group A Streptococcus, Influenza, M. pneumoniae, Bordetella pertussis, and respiratory syncytial virus; blood chemistry assays; and tests for Group B Streptococcus, Chlamydia trachomatis, Neisseria gonorrhea, Herpes Simplex Virus Type 1 and Type 2, and Malaria. This segment sells its products through direct sales force and independent distributors to acute care hospitals, reference laboratories, outpatient clinics, and physician office laboratories. The Life Science segment offers bulk antigens, antibodies, PCR/qPCR reagents, nucleotides, and bioresearch reagents used by researchers, agri-bio companies, and IVD manufacturing companies. Meridian Bioscience, Inc. was incorporated in 1976 and is headquartered in Cincinnati, Ohio.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars


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$0.86 per share
Book Value$4.47 per share

Profitability

Net Income$24.38 million

Miscellaneous

Employees660
Market Cap$777.53 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$18.14
-0.14 (-0.77 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Meridian Bioscience (NASDAQ:VIVO) Frequently Asked Questions

How has Meridian Bioscience's stock price been impacted by COVID-19?

Meridian Bioscience's stock was trading at $6.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, VIVO stock has increased by 182.1% and is now trading at $18.14.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Meridian Bioscience
.

When is Meridian Bioscience's next earnings date?

Meridian Bioscience is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Meridian Bioscience
.

How were Meridian Bioscience's earnings last quarter?

Meridian Bioscience, Inc. (NASDAQ:VIVO) announced its quarterly earnings results on Friday, August, 7th. The company reported $0.55 EPS for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.31. The firm earned $84.80 million during the quarter, compared to analysts' expectations of $66.12 million. Meridian Bioscience had a return on equity of 22.06% and a net margin of 18.22%.
View Meridian Bioscience's earnings history
.

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

Meridian Bioscience updated its FY 2020 Pre-Market earnings guidance on Friday, August, 7th. The company provided earnings per share guidance of 1.01-1.05 for the period, compared to the Thomson Reuters consensus estimate of $0.75. The company issued revenue guidance of $245-250 million, compared to the consensus revenue estimate of $235.58 million.

What price target have analysts set for VIVO?

3 analysts have issued 1 year target prices for Meridian Bioscience's stock. Their forecasts range from $8.00 to $34.00. On average, they expect Meridian Bioscience's share price to reach $21.00 in the next year. This suggests a possible upside of 15.8% from the stock's current price.
View analysts' price targets for Meridian Bioscience
.

Has Meridian Bioscience been receiving favorable news coverage?

News stories about VIVO stock have been trending very negative on Saturday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meridian Bioscience earned a media sentiment score of -3.7 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.
View the latest news about Meridian Bioscience
.

Are investors shorting Meridian Bioscience?

Meridian Bioscience saw a drop in short interest in July. As of July 31st, there was short interest totaling 2,650,000 shares, a drop of 14.5% from the July 15th total of 3,100,000 shares. Based on an average daily volume of 864,700 shares, the days-to-cover ratio is presently 3.1 days. Currently, 6.3% of the company's shares are sold short.
View Meridian Bioscience's Short Interest
.

Who are some of Meridian Bioscience's key competitors?

What other stocks do shareholders of Meridian Bioscience own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meridian Bioscience investors own include AbbVie (ABBV), NVIDIA (NVDA), Advanced Micro Devices (AMD), Pfizer (PFE), Gilead Sciences (GILD), Bristol-Myers Squibb (BMY), Micron Technology (MU), Amgen (AMGN), Procter & Gamble (PG) and Abbott Laboratories (ABT).

Who are Meridian Bioscience's key executives?

Meridian Bioscience's management team includes the following people:
  • Mr. John P. Kenny, Pres, CEO (Age 51, Pay $831.14k)
  • Mr. Bryan Baldasare, Exec. VP, CFO
  • Dr. Lourdes G. Weltzien, Exec. VP of Life Science

What is Meridian Bioscience's stock symbol?

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

Who are Meridian Bioscience's major shareholders?

Meridian Bioscience's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.64%), Deerfield Management Company L.P. Series C (3.88%), FMR LLC (2.59%), Prudential Financial Inc. (1.67%), Bank of New York Mellon Corp (1.22%) and Grantham Mayo Van Otterloo & Co. LLC (0.60%). Company insiders that own Meridian Bioscience stock include Bryan T Baldasare, David Phillips, Dwight E Ellingwood, Felicia Williams, 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 Russell Investments Group Ltd., AJO LP, 6 Meridian, Fifth Third Bancorp, Teton Advisors Inc., Brinker Capital Inc., PNC Financial Services Group Inc., and Gamco Investors INC. ET AL.
View insider buying and selling activity for Meridian Bioscience
.

Which institutional investors are buying Meridian Bioscience stock?

VIVO stock was bought by a variety of institutional investors in the last quarter, including Deerfield Management Company L.P. Series C, FMR LLC, Prudential Financial Inc., Vanguard Group Inc., Grantham Mayo Van Otterloo & Co. LLC, Baird Financial Group Inc., EAM Investors LLC, and Wedge Capital Management L L P NC. Company insiders that have bought Meridian Bioscience stock in the last two years include Bryan T Baldasare, David Phillips, Dwight E Ellingwood, Felicia Williams, James M Anderson, John Mccune Jr Rice, John Mcilwraith, and John P Kenny.
View insider buying and selling activity 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 $18.14.

How big of a company is Meridian Bioscience?

Meridian Bioscience has a market capitalization of $777.53 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 660 workers across the globe.

What is Meridian Bioscience's official website?

The official website for Meridian Bioscience is 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.

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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