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News Breaks
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October 28, 2009
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| 21:09 EDT |  | LH |
| theflyonthewall.com: | LabCorp should "test positive" for good returns, Barron's reports | | Shares of Laboratory Corp. of America (LH), the nation's second-largest chain of medical-testing laboratories, hit a 12-month high earlier this week, as a reward for several quarters of better-than-expected earnings. The stock has gained more than 30% since the stock market began rebounding in early March. Still, the shares have lagged the S&P's 500 during the same period amid uncertain surrounding President Obama's bid to overhaul our health-care system. LabCorp is efficiently run, and could generate more than $700M this year in free cash flow that can be used to make acquisitions and repurchase stock. Demand for sophisticated medical tests is on the rise. LabCorp has been buying back stock over the years, reducing its share count by 25% since 2004. Profits, meanwhile, are expected to grow more than 6% this year and rise another 11% next year to $5.42. Kevin Ellich, an analyst with RBC Capital Markets says, "The current valuation is relatively attractive for such a quality company." The stock trades at 12.9 times 2010 earnings estimates, or a 10% discount to the S&P 500. It also trades at less than 11 times free-cash-flow estimates for 2009. If you assign the stock a multiple closer to 15 times by the end of 2010, LabCorp's shares could reach between $95 and $100 a share says, Zeke Ashton, managing partner at Centaur Capital Partners. Reference Link :theflyonthewall.com |
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February 10, 2012
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| 07:05 EDT |  | LH |
| | 07:05 EDT | | LH |
| theflyonthewall.com: | LabCorp reports Q4 adj EPS $1.56 vs. consensus $1.53 | | Reports Q4 revenue $1.37B vs. consensus $1.38B. :theflyonthewall.com |
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February 9, 2012
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| 15:14 EDT | | LH |
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