QuidelOrtho: Highly Levered With Questionable Growth [Seeking Alpha]
QuidelOrtho Corporation (QDEL)
Last quidelortho corporation earnings: 2/12 04:10 pm
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US:NASDAQ Investor Relations:
ir.quidel.com
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Source: Seeking Alpha
12min Summary QuidelOrtho's revenue is shifting, with Labs growing 74% YoY, offsetting a 54% decline in Point of Care post-COVID. The company has stable recurring revenues, primarily from North America, but faces high-interest expenses and capex, leading to negative free cash flows. Despite $3 billion in stable revenues, QuidelOrtho's GAAP earnings and cash flows are suffering, raising concerns about their adjusted EBITDA and free cash flow figures. Given the high net debt to adjusted EBITDA ratio of 4.1x, I recommend a neutral hold rating as the company navigates post-COVID adjustments and cost-cutting. Martin Barraud Thesis QuidelOrtho ( NASDAQ: ) came off of COVID highs in 2020, and has made a bottom in its share price at around $40. I believe the market is correct in pricing this company, and call into question management's adjusted earnings figures. Personally, I This article was written by Bargain Buyer Follower s Follow Amateur value investor seeking
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QDEL
News
- Does QuidelOrtho Corporation (QDEL) Have Healthy Long-Term Growth Prospects? [Yahoo! Finance]Yahoo! Finance
- Insider Buying: QuidelOrtho President Bought US$250k Of Shares [Yahoo! Finance]Yahoo! Finance
- QuidelOrtho Co. (NASDAQ: QDEL) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $50.00 price target on the stock, up previously from $44.00.MarketBeat
- QuidelOrtho Co. (NASDAQ: QDEL) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $43.00 price target on the stock.MarketBeat
- QuidelOrtho Announces Appointment of Two Independent Directors to its Board [Yahoo! Finance]Yahoo! Finance
QDEL
Earnings
- 11/7/24 - Beat
QDEL
Sec Filings
- 12/13/24 - Form 4
- 12/10/24 - Form 3
- 12/10/24 - Form 3
- QDEL's page on the SEC website