Analysts Estimate Report : What to Look Out for Medtronic Stock Forecast, Price & News (NYSE:MDT)

Earnings results for Medtronic Stock Forecast, Price & News (NYSE:MDT)

Medtronic plc is expected* to report earnings on 08/25/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 11 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.22. The reported EPS for the same quarter last year was $1.26.

Medtronic last issued its earnings data on May 21st, 2020. The medical technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $1.28 by $0.70. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.10 billion. Its quarterly revenue was down 26.4% compared to the same quarter last year. Medtronic has generated $4.59 earnings per share over the last year and currently has a price-to-earnings ratio of 28.2. Medtronic has confirmed that its next quarterly earnings report will be published on Tuesday, August 25th, 2020.

Analyst Opinion on Medtronic Stock Forecast, Price & News (NYSE:MDT)

26 Wall Street analysts have issued ratings and price targets for Medtronic in the last 12 months. Their average twelve-month price target is $114.92, predicting that the stock has a possible upside of 14.77%. The high price target for MDT is $135.00 and the low price target for MDT is $92.00. There are currently 1 sell rating, 4 hold ratings, 20 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

Medtronic has received a consensus rating of Buy. The company’s average rating score is 2.81, and is based on 20 buy ratings, 4 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $114.92, Medtronic has a forecasted upside of 14.8% from its current price of $100.13. Medtronic has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Medtronic Stock Forecast, Price & News (NYSE:MDT)

Medtronic pays a meaningful dividend of 2.35%, higher than the bottom 25% of all stocks that pay dividends. Medtronic has been increasing its dividend for 24 years. The dividend payout ratio of Medtronic is 50.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Medtronic will have a dividend payout ratio of 44.70% next year. This indicates that Medtronic will be able to sustain or increase its dividend.

Insiders buying/selling: Medtronic Stock Forecast, Price & News (NYSE:MDT)

In the past three months, Medtronic insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $195,440.00 in company stock. Only 0.52% of the stock of Medtronic is held by insiders. 81.01% of the stock of Medtronic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Medtronic Stock Forecast, Price & News (NYSE:MDT

Earnings for Medtronic are expected to grow by 45.79% in the coming year, from $3.56 to $5.19 per share. The P/E ratio of Medtronic is 28.21, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of Medtronic is 28.21, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 29.02. Medtronic has a PEG Ratio of 3.58. PEG Ratios above 1 indicate that a company could be overvalued. Medtronic has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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