Teleflex Inc. (TFX) Updates FY14 Earnings Guidance
Teleflex Inc. (NYSE:TFX) updated its FY14 earnings guidance on Friday. The company provided earnings per share guidance of 5.35-5.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.47, American Banking News.com reports. The company issued revenue guidance of +7-9% YoY to $1.8-1.83 billion, compared to the consensus revenue estimate of $1.81 billion.
Teleflex Inc. (NYSE:TFX) traded up 3.80% during mid-day trading on Friday, hitting $101.38. 285,038 shares of the company’s stock traded hands. Teleflex Inc. has a 52-week low of $73.83 and a 52-week high of $99.13. The stock has a 50-day moving average of $94.63 and a 200-day moving average of $88.52. The company has a market cap of $4.171 billion and a P/E ratio of 28.63.
Teleflex (NYSE:TFX) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.09. The company had revenue of $450.50 million for the quarter, compared to the consensus estimate of $437.06 million. On average, analysts predict that Teleflex Inc. will post $4.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Investors of record on Tuesday, March 4th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.39%.
A number of analysts have recently weighed in on TFX shares. Analysts at Leerink Swann reiterated a market perform rating on shares of Teleflex in a research note on Thursday, December 19th. On a related note, analysts at Barclays raised their price target on shares of Teleflex from $93.00 to $98.00 in a research note on Wednesday, December 18th. They now have an equal weight rating on the stock. Finally, analysts at UBS AG initiated coverage on shares of Teleflex in a research note on Wednesday, December 18th. They set a hold rating on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $100.00.
Teleflex Incorporated (NYSE:TFX) is a global provider of medical technology products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.