Apr 28, 2021
[1 min Read]
Idexx Laboratories is one of the leaders of the pet health marketspace. It is engaged in the development, manufacture, and distribution of products and services for the companion animal veterinary, livestock and poultry, water testing, and dairy markets.
There are three main segments of the company: Companion Animal Group, Water, and Livestock, Poultry and Dairy (LPD). In addition, the company also manufactures and sells pet-side SNAP tests for a variety of animal health diagnostic uses.
It currently has a composite rating of 95, with an EPS rating of 98. The quarter by quarter earnings have increased by 39% over the last 3 quarters. In addition, it also has a B rating in terms of Accumulation, indicating support by large corporations.
In addition, Idexx operates in the pet space which has experienced year on year growth and with increased pet adoption rates, can be expected to continue to grow.