Medtronic, Inc. (MDT) Updates FY15 Earnings Guidance
Medtronic, Inc. (NYSE:MDT) updated its FY15 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.00-4.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.09, Stock Ratings News reports.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Medtronic from $64.00 to $66.00 in a research note on Monday. They now have a neutral rating on the stock. On a related note, analysts at Deutsche Bank reiterated a buy rating on shares of Medtronic in a research note on Tuesday, April 22nd. They now have a $58.94 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Medtronic from $70.00 to $68.00 in a research note on Monday, April 14th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $62.55.
Shares of Medtronic, Inc. (NYSE:MDT) opened at 60.34 on Tuesday. Medtronic, Inc. has a 52 week low of $50.60 and a 52 week high of $62.90. The stock’s 50-day moving average is $59.7 and its 200-day moving average is $58.35. The company has a market cap of $60.389 billion and a price-to-earnings ratio of 17.15.
Medtronic (NYSE:MDT) last released its earnings data on Tuesday, May 20th. The company reported $1.12 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.12. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the company posted $1.10 earnings per share. Medtronic’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Medtronic, Inc. will post $3.82 EPS for the current fiscal year.
Medtronic, Inc (NYSE:MDT) is engaged in medical technology – alleviating pain, restoring health, and extending life for millions of people worldwide.
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