CryoLife, Inc. (NYSE:CRY) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
CryoLife, Inc. (NYSE:CRY) released its quarterly earnings results on Monday. The medical equipment provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02, Bloomberg Earnings reports. The firm had revenue of $47.80 million for the quarter, compared to analyst estimates of $47.02 million. CryoLife had a net margin of 5.73% and a return on equity of 7.77%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. CryoLife updated its FY17 guidance to $40-0.43 EPS.
Shares of CryoLife (CRY) traded up 2.87% during mid-day trading on Monday, reaching $19.70. The company’s stock had a trading volume of 155,616 shares. The firm’s 50 day moving average price is $19.29 and its 200-day moving average price is $17.96. The company has a market capitalization of $655.22 million, a price-to-earnings ratio of 63.96 and a beta of 0.99. CryoLife has a 1-year low of $12.99 and a 1-year high of $20.30.
Several research firms have recently commented on CRY. BidaskClub lowered shares of CryoLife from a “buy” rating to a “hold” rating in a research report on Monday. Northland Securities reissued a “buy” rating and issued a $23.50 target price on shares of CryoLife in a research report on Friday, April 28th. Finally, Zacks Investment Research raised CryoLife from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, June 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. CryoLife presently has a consensus rating of “Buy” and a consensus price target of $20.80.
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In other CryoLife news, VP Amy Horton sold 9,577 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $20.00, for a total transaction of $191,540.00. Following the transaction, the vice president now owns 112,282 shares of the company’s stock, valued at $2,245,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.00% of the company’s stock.
CryoLife Company Profile
CryoLife, Inc (CryoLife) is a medical device manufacturer and processor, and is engaged in the distribution of medical devices and implantable human tissues used in cardiac surgical procedures. The Company operates through two segments: Medical Devices and Preservation Services. The Medical Devices segment includes medical devices, such as BioGlue Surgical Adhesive, BioFoam Surgical Matrix, On-X Life Technologies Holdings, Inc valves and surgical products, CardioGenesis cardiac laser therapy product line, PerClot and PhotoFix.
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