IDEXX LABORATORIES INC. $72(Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 89.6 million; Market cap: $6.5 billion; Priceto- sales ratio: 4.0; No dividends paid; TSINetwork Rating: Average; www.idexx.com) makes equipment that veterinarians use to detect diseases in pets. It also makes systems that detect contaminants in livestock and water.
Idexx continues to see strong demand for its Catalyst One system, which analyzes an animal’s blood in 15 minutes. That makes veterinarians less reliant on outside labs, and cuts their costs.
Idexx earned $2.11 a share in 2015, up 5.5% from $2.00 in 2014 (all per-share amounts adjusted for 2-for-1 split in June 2015). Sales rose 7.8%, to $1.6 billion from $1.5 billion.
The company’s earnings will probably improve to $2.14 a share in 2016. But the stock trades at an expensive at 33.6 times that forecast.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
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The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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