Intuitive Surgical (ISRG) Announces Quarterly Results
Intuitive Surgical (NASDAQ:ISRG) posted its quarterly earnings results on Thursday. The company reported $3.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.59, AR Network reports. The company had revenue of $499.00 million for the quarter, compared to the consensus estimate of $525.47 million.
A number of analysts have recently weighed in on ISRG shares. Analysts at Wedbush reiterated an “outperform” rating on shares of Intuitive Surgical in a research note to investors on Tuesday, October 8th. They now have a $495.00 price target on the stock. On the ratings front, analysts at SunTrust upgraded shares of Intuitive Surgical to a “top pick” rating in a research note to investors on Wednesday, September 25th. Finally, analysts at First Analysis downgraded shares of Intuitive Surgical from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $484.67.
Shares of Intuitive Surgical (NASDAQ:ISRG) traded down 0.55% on Thursday, hitting $399.13. 923,004 shares of the company’s stock traded hands. Intuitive Surgical has a one year low of $357.02 and a one year high of $585.67. The stock’s 50-day moving average is $378.7 and its 200-day moving average is $441.1. The company has a market cap of $15.849 billion and a price-to-earnings ratio of 23.35.
Intuitive Surgical, Inc (NASDAQ:ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.
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