Wright Medical Group (WMGI) Set to Announce Quarterly Earnings on Monday
Wright Medical Group (NASDAQ:WMGI) is scheduled to be issuing its Q413 quarterly earnings data on Monday, February 24th. Analysts expect the company to announce earnings of ($0.18) per share and revenue of $64.98 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Shares of Wright Medical Group (NASDAQ:WMGI) opened at 32.01 on Friday. Wright Medical Group has a one year low of $21.56 and a one year high of $32.52. The stock has a 50-day moving average of $30.92 and a 200-day moving average of $28.05. The company’s market cap is $1.486 billion.
A number of research firms have recently commented on WMGI. Analysts at Piper Jaffray raised their price target on shares of Wright Medical Group from $35.00 to $37.00 in a research note on Thursday. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Wright Medical Group in a research note on Friday, January 17th. They now have a $34.00 price target on the stock. Finally, analysts at Leerink Swann raised their price target on shares of Wright Medical Group from $31.00 to $37.00 in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Wright Medical Group currently has a consensus rating of “Buy” and a consensus target price of $31.45.
Wright Medical Group, Inc, through Wright Medical Technology, Inc (NASDAQ:WMGI) and other operating subsidiaries (Wright), is a global orthopaedic medical device company specializing in the design, manufacture and marketing of devices and biologic products for extremity, hip and knee repair and reconstruction.
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