OraSure Technologies (OSUR) Releases Earnings Results, Beats Estimates By $0.02 EPS

OraSure Technologies (NASDAQ:OSUR) released its quarterly earnings results on Wednesday. The medical instruments supplier reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02, Briefing.com reports. The business had revenue of $45.90 million during the quarter, compared to analysts’ expectations of $44.50 million. OraSure Technologies had a return on equity of 5.85% and a net margin of 8.38%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. OraSure Technologies updated its FY 2018 guidance to $0.09-0.11 EPS and its Q4 guidance to $0.09-0.11 EPS.

OraSure Technologies stock traded up $0.16 during midday trading on Friday, reaching $13.35. 20,968 shares of the stock traded hands, compared to its average volume of 533,192. OraSure Technologies has a 12-month low of $12.50 and a 12-month high of $22.22. The stock has a market capitalization of $883.96 million, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 3.40 and a beta of 1.52.

In related news, Director Charles W. Patrick sold 8,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $16.29, for a total transaction of $130,320.00. Following the completion of the transaction, the director now directly owns 54,298 shares in the company, valued at approximately $884,514.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in OSUR. Cubist Systematic Strategies LLC purchased a new position in shares of OraSure Technologies in the 1st quarter valued at about $139,000. Legal & General Group Plc boosted its stake in shares of OraSure Technologies by 3.0% in the 1st quarter. Legal & General Group Plc now owns 113,160 shares of the medical instruments supplier’s stock valued at $1,907,000 after buying an additional 3,291 shares during the period. Principal Financial Group Inc. boosted its stake in shares of OraSure Technologies by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 491,188 shares of the medical instruments supplier’s stock valued at $8,296,000 after buying an additional 15,717 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of OraSure Technologies in the 1st quarter valued at about $205,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of OraSure Technologies in the 2nd quarter valued at about $198,000. Institutional investors and hedge funds own 92.00% of the company’s stock.

A number of equities analysts recently commented on OSUR shares. TheStreet upgraded OraSure Technologies from a “c+” rating to a “b” rating in a report on Thursday, August 9th. ValuEngine upgraded OraSure Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Stephens cut OraSure Technologies from an “overweight” rating to an “equal weight” rating in a report on Monday, July 16th. Zacks Investment Research cut OraSure Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Raymond James restated a “mkt perform” rating on shares of OraSure Technologies in a report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. OraSure Technologies presently has a consensus rating of “Hold” and an average price target of $20.50.

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OraSure Technologies Company Profile

OraSure Technologies, Inc, together with its subsidiaries, develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices in the United States, Europe, and internationally. It operates in two segments, OSUR and DNAG. The company also offers other diagnostic products, such as immunoassays and other in vitro diagnostic tests.

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Earnings History for OraSure Technologies (NASDAQ:OSUR)

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