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NASDAQ:VIVOMeridian Bioscience Stock Price, Forecast & News

$23.93
-1.02 (-4.09 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$23.78
Now: $23.93
$25.21
50-Day Range
$13.99
MA: $18.38
$24.48
52-Week Range
$5.51
Now: $23.93
$25.25
Volume487,529 shs
Average Volume798,517 shs
Market Capitalization$1.02 billion
P/E Ratio46.92
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 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. 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, competent cells, and bioresearch reagents used by researchers, agri-bio companies, and other diagnostic manufacturing companies. Meridian Bioscience, Inc. was founded in 1976 and is headquartered in Cincinnati, Ohio.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.91 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$0.89 per share
Book Value$4.47 per share

Profitability

Net Income$24.38 million

Miscellaneous

Employees585
Market Cap$1.02 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Meridian Bioscience (NASDAQ:VIVO) Frequently Asked Questions

How has Meridian Bioscience's stock been impacted by COVID-19 (Coronavirus)?

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 shares have increased by 272.2% and is now trading at $23.93. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Meridian Bioscience?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meridian Bioscience in the last year. There are currently 1 sell rating and 1 buy rating 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 Tuesday, August 4th 2020. View our earnings forecast for Meridian Bioscience.

How were Meridian Bioscience's earnings last quarter?

Meridian Bioscience, Inc. (NASDAQ:VIVO) posted its quarterly earnings data on Friday, May, 8th. The company reported $0.23 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.15. The firm earned $57.30 million during the quarter, compared to analysts' expectations of $57 million. Meridian Bioscience had a return on equity of 13.59% and a net margin of 10.47%. 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, May, 8th. The company provided earnings per share (EPS) guidance of 0.70-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.29. The company issued revenue guidance of $230-236 million, compared to the consensus revenue estimate of $197.13 million.

What price target have analysts set for VIVO?

2 brokerages have issued 1 year price targets for Meridian Bioscience's stock. Their forecasts range from $8.00 to $8.00. On average, they anticipate Meridian Bioscience's share price to reach $8.00 in the next twelve months. This suggests that the stock has a possible downside of 66.6%. View analysts' price targets 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. " (4/10/2020)
  • 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?

Headlines about VIVO stock have been trending somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meridian Bioscience earned a coverage optimism score of -1.8 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Meridian Bioscience.

Are investors shorting Meridian Bioscience?

Meridian Bioscience saw a increase in short interest in June. As of June 30th, there was short interest totaling 3,020,000 shares, an increase of 13.5% from the June 15th total of 2,660,000 shares. Based on an average daily trading volume, of 859,200 shares, the days-to-cover ratio is presently 3.5 days. Currently, 7.2% 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meridian Bioscience investors own include AbbVie (ABBV), NVIDIA (NVDA), Gilead Sciences (GILD), Advanced Micro Devices (AMD), Alibaba Group (BABA), Pfizer (PFE), Amgen (AMGN), Inovio Pharmaceuticals (INO), Procter & Gamble (PG) and Cara Therapeutics (CARA).

Who are Meridian Bioscience's key executives?

Meridian Bioscience's management team includes the following 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

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 many different retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.24%) and 6 Meridian (0.11%). 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 major investors are selling Meridian Bioscience stock?

VIVO stock was sold by a variety of institutional investors in the last quarter, including 6 Meridian. View insider buying and selling activity for Meridian Bioscience.

Which major investors are buying Meridian Bioscience stock?

VIVO stock was bought by a variety of institutional investors in the last quarter, including 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 $23.93.

How big of a company is Meridian Bioscience?

Meridian Bioscience has a market capitalization of $1.02 billion 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.

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 7/11/2020 by MarketBeat.com Staff

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