Headlines about Meridian Bioscience (NASDAQ:VIVO) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Meridian Bioscience earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.6845833066133 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Meridian Bioscience Inc. (VIVO) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- BRIEF-Meridian Bioscience introduces expansion of its ImmunoCard STAT! product line (VIVO) (markets.businessinsider.com)
- Meridian (VIVO) Initiates illumigene CMV Trial, Shares Shine (zacks.com)
- Meridian Initiates Clinical Trials for New Neonatal Saliva CMV illumigene Test (finance.yahoo.com)
- Meridian Bioscience Elects John Rice to the Board of Directors (finance.yahoo.com)
A number of research firms have recently commented on VIVO. Zacks Investment Research cut Meridian Bioscience from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. BidaskClub cut Meridian Bioscience from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Canaccord Genuity increased their price objective on Meridian Bioscience from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.75.
Shares of Meridian Bioscience (NASDAQ:VIVO) opened at 13.75 on Friday. The stock has a market cap of $580.29 million, a price-to-earnings ratio of 27.50 and a beta of 0.89. The firm’s 50-day moving average price is $14.84 and its 200-day moving average price is $13.99. Meridian Bioscience has a 12-month low of $10.75 and a 12-month high of $19.85.
Meridian Bioscience (NASDAQ:VIVO) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. Meridian Bioscience had a net margin of 10.77% and a return on equity of 16.93%. The company had revenue of $50.14 million for the quarter, compared to the consensus estimate of $49.13 million. During the same period last year, the firm posted $0.21 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts forecast that Meridian Bioscience will post $0.67 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.64%. Meridian Bioscience’s payout ratio is currently 98.04%.
Meridian Bioscience Company Profile
Meridian Bioscience, Inc is a life science company engaged in the development, manufacture, sale and distribution of diagnostic test kits for gastrointestinal, viral, respiratory and parasitic infectious diseases, and elevated blood lead levels, and the manufacture and distribution of bulk antigens, antibodies, polymerase chain reaction (PCR)/quantitative PCR (qPCR) reagents, nucleotides, competent cells and bioresearch reagents used by researchers and other diagnostic manufacturers.
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