FY2027 EPS Estimates for Revvity Boosted by Leerink Partnrs

Revvity Inc. (NYSE:RVTY) – Investment analysts at Leerink Partnrs increased their FY2027 earnings per share (EPS) estimates for shares of Revvity in a report issued on Wednesday, November 19th. Leerink Partnrs analyst P. Souda now expects that the company will post earnings per share of $6.09 for the year, up from their previous forecast of $6.08. The consensus estimate for Revvity’s current full-year earnings is $4.94 per share.

RVTY has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Revvity in a report on Wednesday. Barclays raised their price objective on Revvity from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Evercore ISI reiterated an “outperform” rating and set a $108.00 target price on shares of Revvity in a research report on Monday, October 27th. Robert W. Baird increased their target price on Revvity from $122.00 to $123.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen downgraded Revvity from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.75.

Revvity Price Performance

Shares of Revvity stock opened at $94.09 on Friday. The company has a quick ratio of 2.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 47.28, a price-to-earnings-growth ratio of 3.15 and a beta of 1.01. Revvity has a twelve month low of $81.36 and a twelve month high of $128.29. The company has a 50-day simple moving average of $91.12 and a two-hundred day simple moving average of $92.23.

Revvity (NYSE:RVTY) last announced its earnings results on Monday, October 27th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. Revvity had a net margin of 8.44% and a return on equity of 7.52%. The company had revenue of $698.95 million during the quarter, compared to analysts’ expectations of $699.75 million. During the same quarter in the previous year, the business posted $1.28 earnings per share. Revvity’s quarterly revenue was up 2.2% on a year-over-year basis. Revvity has set its FY 2025 guidance at 4.900-5.000 EPS.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in shares of Revvity by 2.8% during the 1st quarter. Victory Capital Management Inc. now owns 72,225 shares of the company’s stock valued at $7,641,000 after acquiring an additional 1,975 shares in the last quarter. Allianz Asset Management GmbH increased its position in Revvity by 13.5% in the 1st quarter. Allianz Asset Management GmbH now owns 136,911 shares of the company’s stock valued at $14,485,000 after acquiring an additional 16,265 shares during the period. Choreo LLC raised its position in Revvity by 9.9% during the 1st quarter. Choreo LLC now owns 3,829 shares of the company’s stock worth $405,000 after purchasing an additional 346 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Revvity by 3.5% during the first quarter. KLP Kapitalforvaltning AS now owns 44,300 shares of the company’s stock worth $4,687,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Oak Thistle LLC lifted its position in shares of Revvity by 19.0% in the 1st quarter. Oak Thistle LLC now owns 3,382 shares of the company’s stock worth $358,000 after purchasing an additional 540 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Revvity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $0.28 annualized dividend and a yield of 0.3%. Revvity’s dividend payout ratio is presently 14.07%.

Revvity declared that its Board of Directors has initiated a share repurchase plan on Monday, October 27th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Revvity Company Profile

Revvity, Inc provides health sciences solutions, technologies, and services in the Americas, Europe, and Asia, and internationally. The Life Sciences segment provides instruments, reagents, informatics, software, subscriptions, detection, imaging technologies, warranties, training, and services. Its Diagnostics segment provides instruments, reagents, assay platforms, and software products for the early detection of genetic disorders, such as pregnancy and early childhood, as well as infectious disease testing in the diagnostics market.