Alere Company Profile (NYSE:ALR)

About Alere (NYSE:ALR)

Alere logoAlere Inc. is a provider of health information through diagnostic tests. The Company's segments include professional diagnostics, consumer diagnostics, and corporate and other. The professional diagnostics segment includes an array of diagnostic test products and other in vitro diagnostic tests marketed to medical professionals and laboratories for detection of diseases and conditions within its areas of focus. The consumer diagnostics segment consists primarily of manufacturing operations related to its role as the exclusive manufacturer of products for SPD Swiss Precision Diagnostics (SPD), its joint venture with The Procter & Gamble Company (P&G). The Company's professional diagnostic solutions allow patients and their healthcare providers to work together to manage patients' conditions over the continuum of care, from the hospital to home. The Company offers lines of drugs-of-abuse tests, reagent systems and laboratory testing options.

Industry, Sector and Symbol:
  • Sector: Medical
  • Industry: Advanced Medical Equipment & Technology - NEC
  • Sub-Industry: Health Care Supplies
  • Symbol: NYSE:ALR
  • CUSIP: 01449J10
  • Web: www.alere.com
Capitalization:
  • Market Cap: $4.41 billion
  • Outstanding Shares: 87,368,000
Average Prices:
  • 50 Day Moving Avg: $50.24
  • 200 Day Moving Avg: $44.58
  • 52 Week Range: $34.41 - $50.56
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 26.45
  • P/E Growth: 3.23
Sales & Book Value:
  • Annual Revenue: $2.38 billion
  • Price / Sales: 1.85
  • Book Value: $13.85 per share
  • Price / Book: 3.65
Profitability:
  • EBIDTA: $318.64 million
  • Net Margins: -8.05%
  • Return on Equity: 13.82%
  • Return on Assets: 3.18%
Debt:
  • Debt-to-Equity Ratio: 2.35%
  • Current Ratio: 2.08%
  • Quick Ratio: 1.63%
Misc:
  • Average Volume: 1.65 million shs.
  • Beta: 0.2
  • Short Ratio: 1.85
 
Frequently Asked Questions for Alere (NYSE:ALR)

What is Alere's stock symbol?

Alere trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALR."

How were Alere's earnings last quarter?

Alere Inc. (NYSE:ALR) released its earnings results on Friday, November, 4th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.54 by $0.35. The business earned $582 million during the quarter, compared to analyst estimates of $605.50 million. Alere had a negative net margin of 8.05% and a positive return on equity of 13.82%. Alere's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business posted ($0.10) EPS. View Alere's Earnings History.

When will Alere make its next earnings announcement?

Alere is scheduled to release their next quarterly earnings announcement on Monday, August, 7th 2017. View Earnings Estimates for Alere.

Where is Alere's stock going? Where will Alere's stock price be in 2017?

5 brokerages have issued 12-month price targets for Alere's shares. Their forecasts range from $42.00 to $51.00. On average, they expect Alere's stock price to reach $48.00 in the next year. View Analyst Ratings for Alere.

What are analysts saying about Alere stock?

Here are some recent quotes from research analysts about Alere stock:

  • 1. According to Zacks Investment Research, "Alere Inc., formerly known as Inverness Medical Innovations, Inc., provides products and services, which focus on infectious disease, cardiology, oncology, drugs of abuse and women's health. Alere is headquartered in Waltham, Massachusetts. " (6/27/2017)
  • 2. BTIG Research analysts commented, "Continued Growth in Infectious Disease Business Yesterday, Alere filed its preliminary unaudited 10-K and proxy statements following review of matters in South Korea and Japan, and expects to file their Form 10-K by June 15th, 2017. The preliminary financial statements included 4Q16 and FY2016 results, as well as re- statements for revenue recognition during 2014, 2015, and 2016. Topline preliminary 1Q17 financial results were also provided. The filing of the proxy indicates a decoupling process versus the 10-K filing, allowing the shareholder meeting to likely occur between mid-to-late July. The company must resolve outstanding accounting issues and file the 10K by June 15 th or face another negotiation with the creditors and bond holders. We remain Neutral as we continue to think that the deal with Abbott (ABT, Buy, $50PT) will close at the stated terms of $51 per share later this year." (5/24/2017)

Are investors shorting Alere?

Alere saw a increase in short interest in June. As of June 15th, there was short interest totalling 2,877,934 shares, an increase of 76.4% from the May 31st total of 1,631,922 shares. Based on an average trading volume of 2,805,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 3.3% of the company's shares are sold short.

Who are some of Alere's key competitors?

Who are Alere's key executives?

Alere's management team includes the folowing people:

  • Gregg J. Powers, Independent Chairman of the Board
  • Namal Nawana, President, Chief Executive Officer, Director
  • James F. Hinrichs, Chief Financial Officer, Executive Vice President
  • Daniella Cramp, Global President - Cardiometabolic Business Unit
  • Sanjay Malkani, Global President - Toxicology
  • Avi Pelossof, Global President - Infectious Disease Business Unit
  • Ellen Chiniara J.D., Senior Vice President, General Counsel, Chief Ethics and Compliance Officer, Secretary
  • Robert Hargadon, Senior Vice President - Global Human Resources
  • John Bridgen Ph.D., Senior Vice President - Business Development
  • Mark Gladwell, Senior Vice President - Global Operations

Who owns Alere stock?

Alere's stock is owned by many different of institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (2.42%), Longfellow Investment Management Co. LLC (0.40%), Havens Advisors LLC (0.16%), Kassirer Asset Management Corp (0.02%), CenturyLink Investment Management Co (0.02%) and Public Employees Retirement Association of Colorado (0.02%). Company insiders that own Alere stock include James F Hinrichs, Mark Gladwell, Melissa Guerdan, Robert Bernard Hargadon and Sanjay Malkani. View Institutional Ownership Trends for Alere.

Who sold Alere stock? Who is selling Alere stock?

Alere's stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., CenturyLink Investment Management Co, Parkwood LLC, Vaughan Nelson Investment Management L.P. and Public Employees Retirement Association of Colorado. View Insider Buying and Selling for Alere.

Who bought Alere stock? Who is buying Alere stock?

Alere's stock was acquired by a variety of institutional investors in the last quarter, including Longfellow Investment Management Co. LLC, Havens Advisors LLC, Kassirer Asset Management Corp, Aperio Group LLC and State of Alaska Department of Revenue. Company insiders that have bought Alere stock in the last two years include James F Hinrichs and Robert Bernard Hargadon. View Insider Buying and Selling for Alere.

How do I buy Alere stock?

Shares of Alere can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Alere's stock price today?

One share of Alere stock can currently be purchased for approximately $50.51.


MarketBeat Community Rating for Alere (NYSE ALR)
Community Ranking:  2.4 out of 5 ( )
Outperform Votes:  243 (Vote Outperform)
Underperform Votes:  264 (Vote Underperform)
Total Votes:  507
MarketBeat's community ratings are surveys of what our community members think about Alere and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Alere (NYSE:ALR) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $48.00 (4.97% downside)

Analysts' Ratings History for Alere (NYSE:ALR)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/6/2017Canaccord GenuityDowngradeBuy -> Hold$51.00MediumView Rating Details
6/1/2017Jefferies Group LLCReiterated RatingHold$51.00MediumView Rating Details
5/24/2017BTIG ResearchReiterated RatingHoldLowView Rating Details
5/15/2017Craig HallumDowngradeBuy -> HoldLowView Rating Details
11/4/2016Goldman Sachs Group, Inc. (The)Lower Price TargetNeutral$45.00 -> $42.00N/AView Rating Details
7/12/2016Leerink SwannReiterated RatingBuy$56.00N/AView Rating Details
2/2/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
11/5/2015WedbushLower Price TargetNeutral$43.00 -> $39.00N/AView Rating Details
(Data available from 7/27/2015 forward)

Earnings

Earnings History for Alere (NYSE:ALR)
Earnings by Quarter for Alere (NYSE:ALR)
Earnings History by Quarter for Alere (NYSE ALR)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/7/2017$0.33N/AView Earnings Details
11/4/2016Q3 16$0.54$0.19$605.50 million$582.00 millionViewN/AView Earnings Details
9/6/2016Q216$0.58($0.46)$621.95 million$611.10 millionViewN/AView Earnings Details
8/17/2016Q116$0.56($0.18)$578.00 millionViewN/AView Earnings Details
8/8/2016Q415$0.58($0.28)$662.04 million$623.00 millionViewN/AView Earnings Details
11/4/2015Q315$0.55$0.49$646.29 million$602.00 millionViewN/AView Earnings Details
8/4/2015Q215$0.53$0.49$625.67 million$629.00 millionViewN/AView Earnings Details
5/5/2015Q115$0.49$0.57$612.93 million$610.40 millionViewN/AView Earnings Details
2/10/2015Q414$0.63$0.61$698.56 million$666.90 millionViewN/AView Earnings Details
10/28/2014Q314$0.52$0.48$743.30 million$736.20 millionViewN/AView Earnings Details
8/4/2014Q214$0.58$0.43$747.55 million$738.30 millionViewN/AView Earnings Details
4/29/2014Q114$0.55$0.55$738.70 million$716.60 millionViewN/AView Earnings Details
2/6/2014Q413$0.56$0.62$770.70 million$772.30 millionViewN/AView Earnings Details
10/29/2013Q313$0.53$0.59$737.66 million$753.90 millionViewN/AView Earnings Details
7/31/2013Q2 2013$0.48$0.64$720.24 million$764.00 millionViewN/AView Earnings Details
5/9/2013Q1 2013$0.51$0.53$727.66 million$739.20 millionViewN/AView Earnings Details
2/15/2013Q4 2012$0.57$0.55$714.75 million$755.80 millionViewN/AView Earnings Details
11/8/2012Q312$0.53$0.43$690.76 million$691.40 millionViewN/AView Earnings Details
8/8/2012$0.53($0.23)ViewN/AView Earnings Details
4/30/2012$0.67$0.77ViewN/AView Earnings Details
2/8/2012$0.71$0.74ViewN/AView Earnings Details
10/26/2011$0.57$0.67ViewN/AView Earnings Details
7/27/2011$0.58$0.46ViewN/AView Earnings Details
4/27/2011$0.61$0.61ViewN/AView Earnings Details
2/17/2011$0.66$0.71ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Alere (NYSE:ALR)
Current Year EPS Consensus Estimate: $1.56 EPS
Next Year EPS Consensus Estimate: $1.91 EPS

Dividends

Dividend History for Alere (NYSE:ALR)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Alere (NYSE:ALR)
Insider Ownership Percentage: 3.66%
Institutional Ownership Percentage: 90.40%
Insider Trades by Quarter for Alere (NYSE:ALR)
Institutional Ownership by Quarter for Alere (NYSE:ALR)
Insider Trades by Quarter for Alere (NYSE:ALR)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/1/2016Melissa GuerdanSVPSell2,500$54.00$135,000.00View SEC Filing  
11/13/2015Robert Bernard HargadonSVPBuy1,000$38.99$38,990.00View SEC Filing  
11/12/2015James F HinrichsCFOBuy10,000$39.97$399,700.00View SEC Filing  
9/3/2015Mark GladwellVPSell2,651$52.27$138,567.77View SEC Filing  
9/3/2015Melissa GuerdanSVPSell5,135$52.00$267,020.00View SEC Filing  
9/1/2015Melissa GuerdanSVPSell5,000$50.48$252,400.00View SEC Filing  
8/31/2015Mark GladwellVPSell27,513$52.23$1,437,003.99View SEC Filing  
8/14/2015Sanjay MalkaniInsiderSell31,460$54.60$1,717,716.00View SEC Filing  
6/8/2015Sanjay MalkaniInsiderSell24,331$50.87$1,237,717.97View SEC Filing  
6/4/2015Sanjay MalkaniInsiderSell15,669$52.18$817,608.42View SEC Filing  
6/1/2015John BridgenSVPSell7,500$51.19$383,925.00View SEC Filing  
4/6/2015Melissa GuerdanSVPSell2,500$50.00$125,000.00View SEC Filing  
3/23/2015Melissa GuerdanSVPSell13,476$48.35$651,564.60View SEC Filing  
3/17/2015John BridgenSVPSell25,000$48.53$1,213,250.00View SEC Filing  
3/16/2015Carla FlakneCAOSell8,500$48.99$416,415.00View SEC Filing  
1/16/2015Carla FlakneCAOSell10,000$42.45$424,500.00View SEC Filing  
12/24/2014Don DudekDirectorBuy40,000$0.01$500.00
12/11/2014John BridgenSVPSell50,000$37.07$1,853,500.00View SEC Filing  
8/15/2014Dave TeitelCFOSell10,000$35.07$350,700.00View SEC Filing  
8/15/2013Dave TeitelCFOSell10,000$31.73$317,300.00View SEC Filing  
8/5/2013Michael Lester CottonInsiderSell12,500$33.82$422,750.00View SEC Filing  
5/31/2013Michael Lester CottonInsiderSell8,750$25.86$226,275.00View SEC Filing  
3/5/2013John QuelchDirectorSell20,220$23.49$474,967.80View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Alere (NYSE:ALR)
Latest Headlines for Alere (NYSE:ALR)
Source:
DateHeadline
bizjournals.com logoAbbott deal will cost Alere three business units — and untold employees - Boston Business Journal
www.bizjournals.com - July 24 at 11:35 PM
finance.yahoo.com logoAbbott deal will cost Alere three business units — and untold employees
finance.yahoo.com - July 24 at 6:32 PM
thestreet.com logoAbbott CEO: Another Alere-Related Divestiture Coming Soon - TheStreet.com
www.thestreet.com - July 20 at 5:09 PM
thestreet.com logoAlere, St. Jude Deals in Focus as Abbott Releases Q2 Earnings - TheStreet.com
www.thestreet.com - July 20 at 7:01 AM
bizjournals.com logoAlere Launches Alere iCup® Rx Drug Screen for Detecting Commonly Misused and Abused Prescription Drugs
www.bizjournals.com - July 19 at 4:56 PM
finance.yahoo.com logoHere's Why Quidel Corporation Is Rising Today
finance.yahoo.com - July 19 at 4:56 PM
finance.yahoo.com logoAlere, St. Jude Deals in Focus as Abbott Releases Q2 Earnings
finance.yahoo.com - July 19 at 4:56 PM
benzinga.com logoWall Street's M&A Chatter From July 17: BorgWarner-Sevcon, Church & Dwight-Waterpik, Quidel-Alere Triage - Benzinga
www.benzinga.com - July 18 at 5:15 PM
bizjournals.com logoAbbott Commences Cash Tender Offer for All Outstanding Shares of Series B Convertible Perpetual Preferred Stock of Alere Inc.
www.bizjournals.com - July 17 at 4:04 PM
nasdaq.com logoQuidel Corp. (QDEL) Has Jumped To A New High After Acquisition
www.nasdaq.com - July 17 at 4:04 PM
bizjournals.com logoMinuteClinic deal will expand KC screening company's reach by 1,100 sites
www.bizjournals.com - July 12 at 9:15 PM
americanbankingnews.com logoCritical Review: Koninklijke Philips N.V. (PHG) and Alere (ALR)
www.americanbankingnews.com - July 12 at 7:46 AM
finanznachrichten.de logoPro-Trader Daily: Featured Company News - Alere Announces Approval of Amended Merger Agreement by Shareholders with Abbott Labs
www.finanznachrichten.de - July 11 at 10:00 PM
streetinsider.com logoAlere (ALR) Shareholders Approve Amended Merger with Abott (ABT)
www.streetinsider.com - July 8 at 5:04 AM
finance.yahoo.com logoHCA Healthcare, Inc. -- Moody's: HCA's Increased ABL Reduces Likelihood of Upgrade of Senior Secured Notes
finance.yahoo.com - July 8 at 5:04 AM
finance.yahoo.com logoAlere Shareholders Approve Amended Merger with Abbott
finance.yahoo.com - July 8 at 5:04 AM
finance.yahoo.com logoAlere Shareholders Vote to Approve Amended Merger with Abbott
finance.yahoo.com - July 8 at 5:04 AM
americanbankingnews.com logoComparing Alere (NYSE:ALR) & IRIDEX Corporation (IRIX)
www.americanbankingnews.com - July 7 at 2:10 PM
finance.yahoo.com logoETFs with exposure to Alere, Inc. : July 4, 2017
finance.yahoo.com - July 4 at 5:58 PM
americanbankingnews.com logoAlere Inc. (ALR) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 4 at 10:50 AM
americanbankingnews.com logoAlere Inc. (ALR) Sees Significant Increase in Short Interest
www.americanbankingnews.com - July 3 at 7:14 AM
americanbankingnews.com logoZacks Investment Research Upgrades Alere Inc. (ALR) to Hold
www.americanbankingnews.com - June 27 at 6:28 PM
finance.yahoo.com logoFeatured Company News - PerkinElmer Announces Acquisition of EUROIMMUN; Set To Expand its Autoimmune Testing Portfolio
finance.yahoo.com - June 21 at 4:17 PM
finance.yahoo.com logoETFs with exposure to Alere, Inc. : June 20, 2017
finance.yahoo.com - June 20 at 4:01 PM
finance.yahoo.com logoAlere, Inc. :ALR-US: Earnings Analysis: Q1, 2017 By the Numbers : June 19, 2017
finance.yahoo.com - June 19 at 3:33 PM
finance.yahoo.com logoAlere Reports First Quarter 2017 Financial Results
finance.yahoo.com - June 14 at 8:34 PM
finance.yahoo.com logoAlere reports 1Q loss
finance.yahoo.com - June 14 at 8:34 PM
americanbankingnews.com logoAlere Inc (ALR) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - June 9 at 11:00 AM
rttnews.com logoAlere Inc. (ALR) Jumped To A New High After Q4 Report
www.rttnews.com - June 7 at 8:37 PM
finance.yahoo.com logoCramer's lightning round: This downtrodden stock's no more than a value play
finance.yahoo.com - June 7 at 8:37 PM
americanbankingnews.com logoAlere Inc (ALR) Lowered to Hold at Canaccord Genuity
www.americanbankingnews.com - June 6 at 1:40 PM
rttnews.com logoAlere Inc. (ALR) Is Heading Higher Following Q4 Report
www.rttnews.com - June 5 at 6:26 PM
finance.yahoo.com logoAlere Files Form 10-K, Reports Fourth Quarter and Full Year 2016 Financial Results
finance.yahoo.com - June 5 at 6:26 PM
finance.yahoo.com logoAlere Inc. Announces Termination of Consent Solicitations for Alere Inc.'s Notes and Offers Consent Termination Fee
finance.yahoo.com - June 5 at 6:26 PM
finance.yahoo.com logoAlere reports 4Q loss
finance.yahoo.com - June 5 at 6:26 PM
nasdaq.com logoAlere Inc. Announces Commencement of Additional Consent Solicitations for Alere Inc.'s Notes
www.nasdaq.com - June 3 at 2:40 AM
americanbankingnews.com logoAlere Inc (ALR) Short Interest Update
www.americanbankingnews.com - June 1 at 7:03 AM
americanbankingnews.com logoAlere's (ALR) Hold Rating Reiterated at BTIG Research
www.americanbankingnews.com - May 24 at 3:56 PM
nasdaq.com logoAlere Sees Wider Loss From Cont. Ops, Lower Revenue In Q4 - Quick Facts
www.nasdaq.com - May 24 at 3:28 PM
streetinsider.com logoAlere (ALR) Offers Prelim. Q1 Results and Update on Form 10-K
www.streetinsider.com - May 24 at 3:28 PM
americanbankingnews.com logoAlere's (ALR) Buy Rating Reiterated at Canaccord Genuity
www.americanbankingnews.com - May 22 at 4:28 PM
streetinsider.com logoAlere (ALR) Offers Prelim. Q1 Results and Update on Form 10-K - StreetInsider.com
www.streetinsider.com - May 22 at 3:30 PM
finance.yahoo.com logoAlere Announces Update on Form 10-K and Provides Preliminary Unaudited Financial Results
finance.yahoo.com - May 22 at 3:30 PM
seekingalpha.com logoAlere Q4 top line off 3%; loss/share of $1.41; shares up 2% on resolution accounting errors in South Korea
seekingalpha.com - May 22 at 10:10 AM
finance.yahoo.com logoAre Options Traders Betting on a Big Move in Alere (ALR) Stock?
finance.yahoo.com - May 18 at 12:20 PM
finance.yahoo.com logoGreenlight Capital Quadrupled General Motors Stake in Activist Push
finance.yahoo.com - May 16 at 3:30 PM
americanbankingnews.com logoAlere's (ALR) Neutral Rating Reaffirmed at BTIG Research
www.americanbankingnews.com - May 15 at 1:56 PM
americanbankingnews.com logoAlere Inc (ALR) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - May 15 at 11:22 AM
americanbankingnews.com logoAlere Inc (ALR) Downgraded by Craig Hallum
www.americanbankingnews.com - May 15 at 10:34 AM
finance.yahoo.com logoAlere Inc. Announces Successful Completion of Consent Solicitations for Alere Inc.'s Notes
finance.yahoo.com - May 8 at 8:27 PM

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Chart

Alere (ALR) Chart for Thursday, July, 27, 2017

This page was last updated on 7/27/2017 by MarketBeat.com Staff