Q2 2018 Earnings Forecast for Insulet Corporation (NASDAQ:PODD) Issued By Northcoast Research
Insulet Corporation (NASDAQ:PODD) – Equities researchers at Northcoast Research lifted their Q2 2018 EPS estimates for Insulet Corporation in a note issued to investors on Friday. Northcoast Research analyst E. Snyder now expects that the medical instruments supplier will post earnings per share of $0.00 for the quarter, up from their previous forecast of ($0.01).
A number of other research analysts have also issued reports on the stock. Jefferies Group LLC restated a “buy” rating and set a $53.00 price target on shares of Insulet Corporation in a research note on Thursday, April 13th. B. Riley reiterated a “neutral” rating and issued a $44.00 price objective on shares of Insulet Corporation in a research note on Tuesday, May 9th. Northland Securities reiterated a “buy” rating and issued a $50.00 price objective on shares of Insulet Corporation in a research note on Tuesday, May 9th. Oppenheimer Holdings, Inc. set a $46.00 price objective on shares of Insulet Corporation and gave the stock a “hold” rating in a research note on Tuesday, May 9th. Finally, BTIG Research upgraded shares of Insulet Corporation from a “neutral” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, May 10th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $49.69.
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Shares of Insulet Corporation (PODD) opened at 53.65 on Monday. The company’s market cap is $3.11 billion. Insulet Corporation has a 52-week low of $30.69 and a 52-week high of $55.46. The firm has a 50-day moving average of $50.00 and a 200-day moving average of $44.62.
Insulet Corporation (NASDAQ:PODD) last posted its earnings results on Thursday, August 3rd. The medical instruments supplier reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13). Insulet Corporation had a negative net margin of 7.30% and a negative return on equity of 46.88%. The business had revenue of $110 million during the quarter, compared to the consensus estimate of $106.23 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The firm’s revenue was up 26.0% on a year-over-year basis.
In other news, SVP Michael P. Spears purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of $40.59 per share, for a total transaction of $101,475.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jessica Hopfield purchased 2,580 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were purchased at an average price of $38.68 per share, for a total transaction of $99,794.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,080 shares of company stock worth $317,339. 2.60% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Strs Ohio increased its position in Insulet Corporation by 73.9% in the first quarter. Strs Ohio now owns 4,000 shares of the medical instruments supplier’s stock valued at $172,000 after buying an additional 1,700 shares during the last quarter. SG Americas Securities LLC bought a new position in Insulet Corporation during the second quarter valued at about $180,000. Teacher Retirement System of Texas bought a new position in Insulet Corporation during the first quarter valued at about $201,000. Diversified Trust Co bought a new position in Insulet Corporation during the second quarter valued at about $205,000. Finally, Ameritas Investment Partners Inc. bought a new position in Insulet Corporation during the first quarter valued at about $215,000.
About Insulet Corporation
Insulet Corporation is engaged in the development, manufacturing and sale of the OmniPod Insulin Management System (the OmniPod System), an insulin delivery system for people with insulin-dependent diabetes. The Omnipod System features a self-adhesive disposable tubeless Omnipod device, which is worn on the body for approximately three days at a time and its wireless companion, the handheld Personal Diabetes Manager (PDM).
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