Pounding Higher, Is There More to Come From: PerkinElmer, Inc. (NYSE:PKI)

PerkinElmer, Inc. (NYSE:PKI) stock has seen a rise as of late. Shares have hit a new 52-week high after reaching $67.62 during recent trading action. Investors will be watching to see if the name can maintain momentum heading into the new year.Since the start of the calendar year, PerkinElmer, Inc. (NYSE:PKI)’s stock has changed 29.88%. Over the last five trading sessions, the stock has moved 6.33%. For the past month, PerkinElmer, Inc.’s stock has been 9.84%, 18.53% for the last quarter, 25.45% for the past six months and 29.38% for the past 52 weeks.

Based on current stock levels, PerkinElmer, Inc. shares are trading -0.17% off of the 50-day high and 20.29% away from the 50-day low.

Earnings Per Share (EPS), the portion of a company’s profit distributed to each outstanding common share, is a useful indicator of a company’s profitability. EPS is typically considered to be the most important variable in determining a share’s price. PerkinElmer, Inc. (NYSE:PKI)’s EPS growth this year is 17.40% and the trailing 12-month EPS is $2.05. Covering sell-side analysts are estimating company growth for next year to be 11.69%. On a consensus basis, analysts have given a recommendation of 2.70 on company shares.

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