Meridian Bioscience (VIVO) to Release Quarterly Earnings on Thursday

Meridian Bioscience (NASDAQ:VIVO) is scheduled to announce its earnings results before the market opens on Thursday, April 26th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Meridian Bioscience has set its FY18 guidance at $0.65-0.68 EPS.

Meridian Bioscience (NASDAQ:VIVO) last posted its earnings results on Thursday, January 25th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Meridian Bioscience had a return on equity of 17.00% and a net margin of 10.46%. The firm had revenue of $52.30 million during the quarter, compared to analyst estimates of $49.00 million. During the same period in the previous year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts expect Meridian Bioscience to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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VIVO opened at $14.80 on Thursday. Meridian Bioscience has a twelve month low of $13.23 and a twelve month high of $16.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.82 and a quick ratio of 3.96. The company has a market capitalization of $621.92, a P/E ratio of 22.09 and a beta of 0.96.

Several equities research analysts recently weighed in on VIVO shares. Zacks Investment Research upgraded Meridian Bioscience from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, March 21st. Canaccord Genuity boosted their target price on Meridian Bioscience from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Friday, January 26th. Finally, BidaskClub upgraded Meridian Bioscience from a “sell” rating to a “hold” rating in a report on Thursday, March 8th.

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About Meridian Bioscience

Meridian Bioscience, Inc, a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for various gastrointestinal and viral diseases, respiratory and parasitic infectious diseases, and elevated blood lead levels worldwide. The company operates through Diagnostics and Life Science segments.

Earnings History for Meridian Bioscience (NASDAQ:VIVO)

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