Revvity (RVTY) Stock Price, News & Analysis

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Revvity in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RVTY shares.
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9 brokerages have issued 12-month price objectives for Revvity's shares. Their RVTY share price targets range from $95.00 to $147.00. On average, they predict the company's share price to reach $115.75 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price.
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Revvity's stock was trading at $116.84 at the beginning of 2023. Since then, RVTY stock has decreased by 6.4% and is now trading at $109.31.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our RVTY earnings forecast.

Revvity, Inc. (NYSE:RVTY) posted its quarterly earnings data on Monday, October, 30th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by $0.01. The business had revenue of $670.30 million for the quarter, compared to analyst estimates of $695.40 million. Revvity had a net margin of 26.90% and a trailing twelve-month return on equity of 8.30%. The firm's revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share.

Revvity declared a quarterly dividend on Thursday, October 26th. Investors of record on Friday, January 19th will be given a dividend of $0.07 per share on Friday, February 9th. This represents a $0.28 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, January 18th.
Read our dividend analysis for RVTY.

Revvity (NYSE:RVTY) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.25%. The dividend payout ratio is 4.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RVTY will have a dividend payout ratio of 6.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RVTY.

ETFs with the largest weight of Revvity (NYSE:RVTY) stock in their portfolio include ROBO Global Healthcare Technology and Innovation ETF (HTEC), Invesco S&P 500 Equal Weight Health Care ETF (RSPH), Invesco S&P 500 Equal Weight Health Care ETF (RYH), Franklin Genomic Advancements ETF (HELX), Global X Guru Index ETF (GURU), T. Rowe Price Capital Appreciation Equity ETF (TCAF), Pacer US Export Leaders ETF (PEXL) and First Trust Large Cap Value AlphaDEX Fund (FTA).

Revvity declared that its board has authorized a share buyback program on Thursday, May 11th 2023, which authorizes the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 5.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Revvity issued an update on its FY23 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $4.53-4.57 for the period, compared to the consensus estimate of $4.78. The company issued revenue guidance of $2.72-2.74 billion, compared to the consensus revenue estimate of $2.83 billion.

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.
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