Cardiovascular Systems (CSII) Announces Quarterly Results
Cardiovascular Systems (NASDAQ:CSII) posted its quarterly earnings results on Wednesday. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.28) by $0.03, Stock Ratings Network.com reports. The company had revenue of $39.56 million for the quarter, compared to the consensus estimate of $37.21 million. The company’s quarterly revenue was up 37.3% on a year-over-year basis. Cardiovascular Systems updated its Q1 guidance to ($0.35)-($0.33) EPS.
On the ratings front, analysts at Bank of America initiated coverage on shares of Cardiovascular Systems in a research note on Monday, May 12th. They set a “buy” rating and a $38.00 price target on the stock. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $39.40.
Cardiovascular Systems (NASDAQ:CSII) traded up 0.96% during mid-day trading on Wednesday, hitting $28.37. 312,543 shares of the company’s stock traded hands. Cardiovascular Systems has a 1-year low of $18.83 and a 1-year high of $37.73. The stock has a 50-day moving average of $29.59 and a 200-day moving average of $30.50. The company’s market cap is $877.9 million.
Cardiovascular Systems, Inc (NASDAQ:CSII) is a medical device company.
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