Laboratory Corporation of America Holdings (LH)

NYSE: LH · IEX Real-Time Price · USD
198.40
+0.05 (0.03%)
Apr 26, 2024, 4:00 PM EDT - Market closed
0.03%
Market Cap 16.69B
Revenue (ttm) 12.16B
Net Income (ttm) 418.00M
Shares Out 84.10M
EPS (ttm) 4.77
PE Ratio 41.59
Forward PE 13.00
Dividend $2.88 (1.45%)
Ex-Dividend Date May 28, 2024
Volume 913,477
Open 197.08
Previous Close 198.35
Day's Range 197.01 - 200.16
52-Week Range 179.59 - 234.09
Beta 1.00
Analysts Buy
Price Target 242.00 (+21.98%)
Earnings Date Apr 25, 2024

About LH

Laboratory Corporation of America Holdings operates as a life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. It operates in two segments, Labcorp Diagnostics (Dx) and Biopharma Laboratory Services (BLS). The company offers various tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, PAP tests, hemoglobin A1C and vitamin D, prostate-specific antigens, tests for sexually transmitted diseases, hepa... [Read more]

Sector Healthcare
Founded 1971
Employees 67,000
Stock Exchange NYSE
Ticker Symbol LH
Full Company Profile

Financial Performance

In 2023, LH's revenue was $12.16 billion, an increase of 2.51% compared to the previous year's $11.86 billion. Earnings were $418.00 million, a decrease of -67.32%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for LH stock is "Buy." The 12-month stock price forecast is $242.0, which is an increase of 21.98% from the latest price.

Price Target
$242.0
(21.98% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Labcorp beats quarterly estimates on strong testing demand

Labcorp beat Wall Street expectations for first-quarter profit on Thursday, as growing demand for specialty tests boosted sales at its diagnostics business.

2 days ago - Reuters

Labcorp Announces 2024 First Quarter Results

Updates Full-Year Guidance Results from Continuing Operations for first quarter 2024 versus last year: Revenue: $3.18 billion versus $3.04 billion or up 4.6% | Base Business grew 6.7% Diluted EPS: $2....

2 days ago - PRNewsWire

Clinical lab operator Labcorp to buy bankrupt genetic test maker Invitae for $239 mln

Laboratory service provider Labcorp said on Wednesday it will acquire Softbank-backed Invitae Corp's assets auctioned through a voluntary bankruptcy protection process, a few months after the genetic ...

2 days ago - Reuters

Labcorp Announces Winning Bid for Select Assets of Invitae

Advances Labcorp strategy to launch and scale specialty testing in areas such as oncology and rare diseases Transaction requires court approval, with confirmation expected on May 6, 2024 BURLINGTON, N...

2 days ago - PRNewsWire

Invitae Enters into Agreement with Labcorp for Sale of Business

– Labcorp Selected as Winning Bidder in Court-Supervised Sale Process, Subject to Court and Regulatory Approvals – – $239 Million Cash Bid Includes Acquisition of Substantially All of the Company's As...

2 days ago - PRNewsWire

Labcorp Announces First-of-Its-Kind Test for Early Indication of Neurodegenerative Diseases and Brain Injuries Using a Blood Draw

Innovative GFAP blood biomarker test expands Labcorp's portfolio of tests for diseases including Alzheimer's disease, multiple sclerosis, glioblastoma and brain injuries BURLINGTON, N.C. , April 15, 2...

12 days ago - PRNewsWire

Labcorp Declares Quarterly Dividend

BURLINGTON, N.C. , April 11, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, announced today that its Board of Directors has declared a ca...

16 days ago - PRNewsWire

Labcorp Receives FDA Emergency Use Authorization for Mpox PCR Test Home Collection Kit

The first at-home mpox testing kit provides patients with convenience and privacy to test for mpox, supports physicians in detection and treatment BURLINGTON, N.C. , April 10, 2024 /PRNewswire/ -- Lab...

17 days ago - PRNewsWire

Labcorp Announces Expansion of Precision Oncology Portfolio to Support Pharmaceutical, Biopharma, and Clinical Research in Advancing Drug Development Programs

Portfolio expansion solidifies company's commitment to advancing cancer research and patient care BURLINGTON, N.C. , April 8, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and...

19 days ago - PRNewsWire

Labcorp Launches Labcorp® Plasma Detect™ Extending Leadership into Molecular Residual Disease (MRD) Clinical Research

Labcorp Plasma Detect is the first clinically validated, whole-genome sequencing MRD solution for early-stage colon cancer BURLINGTON, N.C. , April 5, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global...

22 days ago - PRNewsWire

Labcorp to Present Diverse Portfolio of Precision Oncology Research at the Annual Meeting of the American Association for Cancer Research

Researchers to present on topics ranging from molecular residual disease and immunotherapy to whole-genome sequencing BURLINGTON, N.C. , April 2, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global lead...

25 days ago - PRNewsWire

Xcell Biosciences Strengthens Cell and Gene Therapy Collaboration With Labcorp

SAN FRANCISCO--(BUSINESS WIRE)--Xcell Biosciences Inc. (Xcellbio), an instrumentation company focused on cell and gene therapy applications, today announced it has added new elements to its research c...

26 days ago - Business Wire

The Prelude Network® Names Labcorp Its Preferred Genetic Carrier Screening Lab

Expanded partnership to help increase patient access to critical genetic screening services including genetic counseling and test result turnaround time  HOUSTON , March 29, 2024 /PRNewswire/ -- The P...

4 weeks ago - PRNewsWire

Labcorp Announces Acquisition of Select Assets of BioReference Health's Diagnostics Business

Transaction to enhance Labcorp's laboratory services network  and expand access to the company's high-quality clinical laboratory services BURLINGTON, N.C. and MIAMI , March 28, 2024 /PRNewswire/ -- L...

Other symbols: OPK
4 weeks ago - PRNewsWire

Labcorp to Announce First Quarter Financial Results on April 25, 2024

BURLINGTON, N.C. , March 27, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, will release its financial results for the first quarter of 2...

4 weeks ago - PRNewsWire

Labcorp Launches pTau217 Blood Biomarker Test to Accelerate Path to Diagnosis of Alzheimer's Disease and Support Clinical Trials

Addition of pTau217 test further expands the company's leadership in testing options for Alzheimer's disease to improve patient care  BURLINGTON, N.C. , March 20, 2024 /PRNewswire/ -- Labcorp (NYSE: L...

5 weeks ago - PRNewsWire

Labcorp Presents New Research Demonstrating Clinical Impact of Precision Diagnostics in Guiding Biomarker-targeted Therapies for Patients with Epithelial Ovarian Cancer

Outcomes point to value of biomarker testing in addressing testing gaps in clinical practice BURLINGTON, N.C. , March 16, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and com...

5 weeks ago - PRNewsWire

Labcorp Launches Weight Loss Management Testing Solutions

New offering to support individuals and physicians with accessible and convenient testing options to guide weight loss management decisions and treatments BURLINGTON, N.C. , March 7, 2024 /PRNewswire/...

7 weeks ago - PRNewsWire

Labcorp forecasts 2024 profit above estimates on strong testing demand

Laboratory Corporation of America on Thursday forecast 2024 profit above Wall Street expectations and beat fourth-quarter profit estimates, as resilient demand for routine test kits boosted sales in i...

2 months ago - Reuters

Labcorp Announces 2023 Fourth Quarter and Full Year Results

Company Provides 2024 Guidance Results from Continuing Operations for the fourth quarter and full year versus last year: Revenue: Q4 of $3.03 billion vs $2.93 billion; Full year of $12.16 billion vs $...

2 months ago - PRNewsWire

Labcorp Named One of the World's Most Admired Companies™ by FORTUNE® Magazine

BURLINGTON, N.C. , Feb. 1, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, has once again been named to FORTUNE® magazine's list of the Wo...

3 months ago - PRNewsWire

Labcorp Launches New Test for Risk Assessment and Prognosis of Severe Preeclampsia in Pregnant Women

B•R•A•H•M•S™ sFlt-1/PlGF KRYPTOR™ Test System is available through physicians and is the first FDA-cleared biomarker test to aid in the risk assessment of progression to preeclampsia with severe featu...

3 months ago - PRNewsWire

Labcorp to Announce Fourth Quarter and Full Year 2023 Financial Results on February 15, 2024

BURLINGTON, N.C. , Jan. 16, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, will release its financial results for the fourth quarter and ...

3 months ago - PRNewsWire

Labcorp and Hawthorne Effect Collaborate to Bring Clinical Trials Directly to Patients and Investigators in Local Communities

Collaboration Aims to Improve Patient Experience, Accessibility and Efficiency in Decentralized Clinical Trials BURLINGTON, N.C. and LAFAYETTE, Calif.

3 months ago - PRNewsWire

Labcorp to Speak at the 42nd Annual J.P. Morgan Healthcare Conference

BURLINGTON, N.C. , Jan. 2, 2024 /PRNewswire/ -- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, announced today that members of the executive management team w...

4 months ago - PRNewsWire