Earnings and Growth Analysis : Merit Medical Systems (NASDAQ:MMSI)

0
181

Earnings results for Merit Medical Systems (NASDAQ:MMSI)

Merit Medical Systems, Inc. is expected* to report earnings on 10/28/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.19. The reported EPS for the same quarter last year was $0.28.

Merit Medical Systems last announced its quarterly earnings data on July 29th, 2020. The medical instruments supplier reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.24. The business had revenue of $218.37 million for the quarter, compared to analyst estimates of $192.67 million. Its revenue was down 14.5% compared to the same quarter last year. Merit Medical Systems has generated $1.46 earnings per share over the last year. Merit Medical Systems has confirmed that its next quarterly earnings report will be published on Wednesday, October 28th, 2020.

Analyst Opinion on Merit Medical Systems (NASDAQ:MMSI)

8 Wall Street analysts have issued ratings and price targets for Merit Medical Systems in the last 12 months. Their average twelve-month price target is $49.29, predicting that the stock has a possible upside of 0.50%. The high price target for MMSI is $63.00 and the low price target for MMSI is $30.00. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Merit Medical Systems has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $49.29, Merit Medical Systems has a forecasted upside of 0.5% from its current price of $49.04. Merit Medical Systems has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Merit Medical Systems (NASDAQ:MMSI)

Merit Medical Systems does not currently pay a dividend. Merit Medical Systems does not have a long track record of dividend growth.

Insiders buying/selling: Merit Medical Systems (NASDAQ:MMSI)

In the past three months, Merit Medical Systems insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $49,964.00 in company stock and sold $0.00 in company stock. Only 4.70% of the stock of Merit Medical Systems is held by insiders.

Earnings and Valuation of Merit Medical Systems (NASDAQ:MMSI

Earnings for Merit Medical Systems are expected to grow by 32.03% in the coming year, from $1.28 to $1.69 per share. The P/E ratio of Merit Medical Systems is -90.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Merit Medical Systems is -90.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Merit Medical Systems has a PEG Ratio of 3.08. PEG Ratios above 1 indicate that a company could be overvalued. Merit Medical Systems has a P/B Ratio of 2.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

More latest stories: here