Updating Idexx Laboratories Inc., Philips Electronics N.V. ADRs, and Diebold Nixdorf Inc.

Article Excerpt

IDEXX LABORATORIES INC. $202 (Nasdaq symbol IDXX; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 86.2 million; Market cap: $17.4 billion; Price-to-sales ratio: 8.0; No dividends paid; TSINetwork Rating: Average; www.idexx.com) makes equipment that veterinarians use to detect diseases in pets and farm animals. Thanks to strong demand for that diagnostic equipment and related supplies, Idexx’s revenue in the quarter ended September 30, 2018, rose 10.9%, to $545.4 million from $492.0 million a year earlier. Earnings jumped 32.9%, to $1.05 a share from $0.79. The 2017 U.S. tax reforms also cut the company’s effective tax rate to 14.5% from 23.4%. The stock hit a record high of $256 in August 2018, but has dropped 21% since then. Even so, Idexx still trades at an expensive 48.1 times the company’s projected 2019 earnings of $4.20 a share. Idexx Laboratories is still a hold. PHILIPS ELECTRONICS N.V. ADRs $36 (New York symbol PHG; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 931.5 million; Market cap: $33.5 billion;…

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