Cyberonics, Inc. (CYBX) Releases FY15 Earnings Guidance
Cyberonics, Inc. (NASDAQ:CYBX) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.33-2.39 for the period, compared to the Thomson Reuters consensus estimate of $2.36, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $300-307 million, compared to the consensus revenue estimate of $304.64 million.
Shares of Cyberonics, Inc. (NASDAQ:CYBX) traded down 8.07% on Thursday, hitting $57.05. 95,554 shares of the company’s stock traded hands. Cyberonics, Inc. has a 52-week low of $49.65 and a 52-week high of $73.52. The stock has a 50-day moving average of $60. and a 200-day moving average of $62.. The company has a market cap of $1.522 billion and a price-to-earnings ratio of 31.03.
Cyberonics (NASDAQ:CYBX) last announced its earnings results on Thursday, August 21st. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.55 by $0.02. The company had revenue of $72.00 million for the quarter, compared to the consensus estimate of $74.10 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Cyberonics, Inc. will post $2.36 EPS for the current fiscal year.
CYBX has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of Cyberonics in a research note on Tuesday, June 24th. They set a buy rating and a $65.00 price target on the stock. On a related note, analysts at Jefferies Group reiterated a buy rating on shares of Cyberonics in a research note on Tuesday, June 10th. They now have a $70.00 price target on the stock, down previously from $80.00. Finally, analysts at Citigroup Inc. reiterated a buy rating on shares of Cyberonics in a research note on Thursday, June 5th. They now have a $70.00 price target on the stock, down previously from $85.00. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cyberonics has an average rating of Buy and an average price target of $67.00.
In other Cyberonics news, CEO Daniel Jeffrey Moore sold 7,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $60.74, for a total value of $425,180.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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