Mesa Laboratories, Inc. (NASDAQ:MLAB) Announces Quarterly Earnings Results

Mesa Laboratories, Inc. (NASDAQ:MLAB) posted its quarterly earnings results on Monday, July 31st. The medical instruments supplier reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.17, Bloomberg Earnings reports. Mesa Laboratories had a net margin of 11.31% and a return on equity of 16.58%. The firm had revenue of $22.67 million for the quarter, compared to analysts’ expectations of $22.90 million.

Shares of Mesa Laboratories (NASDAQ:MLAB) opened at 129.98 on Friday. The stock has a market cap of $488.46 million, a P/E ratio of 46.72 and a beta of 0.46. Mesa Laboratories has a 12 month low of $103.29 and a 12 month high of $169.80. The stock has a 50 day moving average price of $142.50 and a 200 day moving average price of $136.41.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Tuesday, August 29th. Mesa Laboratories’s dividend payout ratio (DPR) is presently 22.94%.

MLAB has been the subject of a number of research reports. Zacks Investment Research raised Mesa Laboratories from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research report on Tuesday, June 13th. BidaskClub downgraded Mesa Laboratories from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Finally, TheStreet downgraded Mesa Laboratories from a “b” rating to a “c+” rating in a research report on Monday, July 31st.

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In other Mesa Laboratories news, insider Glenn E. Adriance sold 4,000 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $148.98, for a total transaction of $595,920.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $1,489,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director H Stuart Campbell sold 608 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $134.08, for a total transaction of $81,520.64. Following the transaction, the director now directly owns 45,368 shares in the company, valued at $6,082,941.44. The disclosure for this sale can be found here. Insiders have sold 21,760 shares of company stock worth $3,078,708 over the last three months. Company insiders own 17.00% of the company’s stock.

About Mesa Laboratories

Mesa Laboratories, Inc is focused primarily on quality control products and services. The Company operates through four segments: Instruments, Continuous Monitoring, Biological Indicators and Cold Chain. The Instruments Division designs, manufactures and markets quality control instruments and disposable products.

Earnings History for Mesa Laboratories (NASDAQ:MLAB)

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