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NYSE:RVTY

Revvity (RVTY) Stock Price, News & Analysis

Revvity logo
$111.34 +1.43 (+1.30%)
(As of 11/20/2024 ET)

About Revvity Stock (NYSE:RVTY)

Key Stats

Today's Range
$108.54
$111.37
50-Day Range
$109.47
$127.75
52-Week Range
$86.30
$129.50
Volume
951,508 shs
Average Volume
837,289 shs
Market Capitalization
$13.55 billion
P/E Ratio
53.79
Dividend Yield
0.25%
Price Target
$132.07
Consensus Rating
Moderate Buy

Company Overview

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. Its products are used for testing and screening genetic abnormalities, disorders, and diseases, including down syndrome, hypothyroidism, muscular dystrophy, infertility, and various metabolic conditions. This segment also develops technologies that enable and support genomic workflows using protein coupled receptor and next-generation DNA sequencing for applications in oncology, immunodiagnostics, and drug discovery. It serves pharmaceutical and biotechnology companies, laboratories, academic and research institutions, public health authorities, private healthcare organizations, doctors, and government agencies under the AutoDELFIA, BACS-on-Beads, BIOCHIPs, Bioo Scientific,BoBs , chemagic, Chitas, DELFIA, DELFIA Xpress, DOPlify, EONIS, EUROArray, EUROIMMUN, EUROLabWorkstation, EUROLINE, EUROPattern, Evolution Evoya, explorer, Fontus, Genoglyphix, GSP, Haoyuan, IDS, IDS-i10 IDS-i10T, IDS-iSYS, iLab, iQ, JANUS, LabChip, LifeCycle, LimsLink, Migele, MultiPROBE, NEXTFLEX, NextPrep, Pannoramic, Panthera Puncher, PG-Seq, PGFind PKamp, PreNAT II, Prime, Protein Clear, ProteinEXact, QSigh, QuantiVac, RONIA, Sciclone, SimplicityChrom, Specimen Gate,Superflex, Symbio, T-SPOT, Touch, Twister, Vanadis, VariSpec, ViaCord VICTOR 2D, and Zephyr brand name. The company was formerly known as PerkinElmer, Inc. and changed its name to Revvity, Inc. in April 2023. Revvity, Inc. was founded in 1937 and is headquartered in Waltham, Massachusetts.

Revvity Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

RVTY MarketRank™: 

Revvity scored higher than 80% of companies evaluated by MarketBeat, and ranked 227th out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Revvity has received a consensus rating of Moderate Buy. The company's average rating score is 2.65, and is based on 9 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Revvity has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Revvity's stock forecast and price target.
  • Earnings Growth

    Earnings for Revvity are expected to grow by 7.01% in the coming year, from $4.85 to $5.19 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Revvity is 53.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Revvity is 53.79, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 135.41.

  • Price to Earnings Growth Ratio

    Revvity has a PEG Ratio of 2.73. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Revvity has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Revvity's valuation and earnings.
  • Percentage of Shares Shorted

    3.46% of the float of Revvity has been sold short.
  • Short Interest Ratio / Days to Cover

    Revvity has a short interest ratio ("days to cover") of 5.9.
  • Change versus previous month

    Short interest in Revvity has recently increased by 7.14%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Revvity has a dividend yield of 0.26%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Revvity does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Revvity is 13.53%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Revvity will have a dividend payout ratio of 5.39% next year. This indicates that Revvity will be able to sustain or increase its dividend.

  • Read more about Revvity's dividend.
  • Percentage of Shares Shorted

    3.46% of the float of Revvity has been sold short.
  • Short Interest Ratio / Days to Cover

    Revvity has a short interest ratio ("days to cover") of 5.9.
  • Change versus previous month

    Short interest in Revvity has recently increased by 7.14%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Revvity has a news sentiment score of 1.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Revvity this week, compared to 6 articles on an average week.
  • Search Interest

    4 people have searched for RVTY on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Revvity to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Revvity insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $525,066.00 in company stock.

  • Percentage Held by Insiders

    Only 0.60% of the stock of Revvity is held by insiders.

  • Percentage Held by Institutions

    86.65% of the stock of Revvity is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Revvity's insider trading history.
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RVTY Stock News Headlines

Revvity broadens deal with Genomics England to advance genomics in UK
Revvity updates organizational structure
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Q3 2024 Revvity Inc Earnings Call
Barclays Reaffirms Their Buy Rating on Revvity (RVTY)
See More Headlines

RVTY Stock Analysis - Frequently Asked Questions

Revvity's stock was trading at $109.31 at the beginning of 2024. Since then, RVTY shares have increased by 1.9% and is now trading at $111.34.
View the best growth stocks for 2024 here
.

Revvity, Inc. (NYSE:RVTY) released its quarterly earnings data on Monday, November, 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.13 by $0.15. The company's revenue was up 2.1% compared to the same quarter last year.

Revvity's board approved a share repurchase program on Monday, November 4th 2024, which permits the company to buy back $1,000,000,000 in shares, according to EventVestor. This means that the company could buy up to 6.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Revvity's top institutional shareholders include Janus Henderson Group PLC (5.21%), State Street Corp (4.26%), Geode Capital Management LLC (2.35%) and EdgePoint Investment Group Inc. (2.21%). Insiders that own company stock include Prahlad R Singh, Joel S Goldberg and Tajinder S Vohra.
View institutional ownership trends
.

Shares of RVTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Revvity investors own include American Water Works (AWK), DiamondRock Hospitality (DRH), The RMR Group (RMR), Waste Connections (WCN), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

Ex-Dividend for 11/8 Dividend
10/18/2024
Last Earnings
11/04/2024
Dividend Payable
11/08/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/06/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Analytical instruments
Sub-Industry
Measuring And Control Equipment
Employees
11,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$132.07
High Stock Price Target
$146.00
Low Stock Price Target
$110.00
Potential Upside/Downside
+18.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
17 Analysts

Profitability

Net Income
$693.09 million
Pretax Margin
9.29%

Debt

Sales & Book Value

Annual Sales
$2.72 billion
Cash Flow
$8.40 per share
Book Value
$63.79 per share

Miscellaneous

Free Float
120,972,000
Market Cap
$13.55 billion
Optionable
Optionable
Beta
1.05
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This page (NYSE:RVTY) was last updated on 11/21/2024 by MarketBeat.com Staff
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