Labcorp Earnings: Strong Results Likely to Spill into Fourth Quarter
Labcorp posted third-quarter performance that included revenue and adjusted earnings per share growth of 7% and 15%, respectively. Shares traded up 9% on the news.
Labcorp Holdings Inc LH
Bulls Say, Bears Say
Bulls
There is new bipartisan legislation proposed, the Results Act, which would create a less onerous and more representative method to collect the private-payer reimbursement data to help set Medicare payment rates.
Bears
CMS has indicated that significant numbers of hospital-based labs did not comply with Medicare's payment reporting requirements for PAMA, which could increase reimbursement pressure after 2026.
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Labcorp Declares Quarterly Dividend
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Myriad Genetics and Labcorp Announce Definitive Agreement for Myriad to Sell Prenatal Health Testing Business to Labcorp
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Labcorp Enters into Agreement with OPKO Health to Acquire Select Assets of BioReference Health
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Labcorp and Arianna Huffington's Thrive Global Collaborate to Launch Thrive 5 Health Test
Trading Information
- Previous Close Price
- $368.16
- Day Range
- $358.73–370.97
- 52-Week Range
- $244.52–371.00
- Bid/Ask
- $361.38 / $362.37
- Shares Outstanding
- 81.20M
- Market Cap
- $29.34B
- Volume/Avg
- 773,388 / 727,516
Key Statistics
- Price/Earnings (Normalized)
- 22.66
- Price/Sales
- 2.04
- Dividend Yield (Trailing)
- 0.80%
- Dividend Yield (Forward)
- 0.80%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 3.10%
Company Profile
Labcorp is one of the nation’s two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from uncomplicated routine blood and urine screens to complex oncology and genomic testing.
- Sector
- Healthcare
- Industry
- Diagnostics & Research
- Stock Style Box
- Mid Core
- Total Number of Employees
- 71,000
- Website
- https://www.labcorp.com
Competitors
Valuation
|
Metric
|
LH
|
DGX
|
SHL
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.66 | 22.71 | 15.07 |
Price/Book Value | 3.32 | 3.64 | 1.16 |
Price/Sales | 2.04 | 2.39 | 0.89 |
Price/Cash Flow | 13.02 | 14.06 | 6.89 |
Price/Earnings
LH
DGX
SHL
Financial Strength
|
Metric
|
LH
|
DGX
|
SHL
|
|---|---|---|---|
Quick Ratio | 1.00 | 1.37 | 0.84 |
Current Ratio | 1.41 | 1.70 | 0.99 |
Interest Coverage | 6.32 | 6.53 | 4.98 |
Quick Ratio
LH
DGX
SHL
Profitability
|
Metric
|
LH
|
DGX
|
SHL
|
|---|---|---|---|
Return on Assets (Normalized) | 6.58% | 7.46% | 3.74% |
Return on Equity (Normalized) | 14.11% | 16.81% | 7.39% |
Return on Invested Capital (Normalized) | 9.15% | 10.20% | 5.35% |
Return on Assets
LH
DGX
SHL
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United States