K2M Group Holdings (KTWO) Posts Quarterly Earnings, Beats Estimates By $0.03 EPS
K2M Group Holdings (NASDAQ:KTWO) released its earnings data on Wednesday. The company reported ($0.43) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.46) by $0.03, Stock Ratings News reports. The company had revenue of $47.50 million for the quarter, compared to the consensus estimate of $42.28 million. The company’s quarterly revenue was up 18.5% on a year-over-year basis.
A number of analysts have recently weighed in on KTWO shares. Analysts at Barclays initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. They set an “overweight” rating and a $18.00 price target on the stock. On a related note, analysts at Cowen and Company initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a buy rating, K2M Group Holdings has a consensus rating of “Buy” and an average target price of $20.67.
Shares of K2M Group Holdings (NASDAQ:KTWO) traded up 1.92% during mid-day trading on Wednesday, hitting $16.98. 111,413 shares of the company’s stock traded hands. K2M Group Holdings has a 52 week low of $13.71 and a 52 week high of $17.978. The stock’s 50-day moving average is $15.81 and its 200-day moving average is $15.4. The company’s market cap is $629.7 million.
K2M Group Holdings, Inc (NASDAQ:KTWO) is a global medical device company focused on designing, developing and commercializing spine technologies and techniques.
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