CONMED Corp. (CNMD) Posts Quarterly Earnings Results, Hits Estimates
CONMED Corp. (NASDAQ:CNMD) released its earnings data on Thursday. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.40, Stock Ratings Network.com reports. The company had revenue of $179.30 million for the quarter, compared to the consensus estimate of $186.20 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis.
On a related note, analysts at Needham & Company initiated coverage on shares of CONMED Corp. in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $37.00 price target on the stock.
CONMED Corp. (NASDAQ:CNMD) opened at 37.66 on Thursday. CONMED Corp. has a 1-year low of $25.39 and a 1-year high of $34.86. The stock’s 50-day moving average is $32.35 and its 200-day moving average is $32.38. The company has a market cap of $1.035 billion and a price-to-earnings ratio of 26.71.
CONMED Corporation (NASDAQ:CNMD) is a medical technology company/ The Company emphasizes on surgical devices and equipment for minimally invasive procedures and monitoring.
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