Wright Medical Group N.V. (NASDAQ:WMGI) – Oppenheimer Holdings upped their FY2017 earnings per share (EPS) estimates for Wright Medical Group N.V. in a note issued to investors on Thursday. Oppenheimer Holdings analyst S. Lichtman now expects that the medical device company will post earnings of ($0.26) per share for the year, up from their prior forecast of ($0.28). Oppenheimer Holdings has a “Hold” rating and a $30.00 price objective on the stock.

WMGI has been the subject of a number of other reports. Bank of America Corporation cut shares of Wright Medical Group N.V. from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 11th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “buy” rating on shares of Wright Medical Group N.V. in a research report on Monday, April 24th. Cantor Fitzgerald started coverage on shares of Wright Medical Group N.V. in a research report on Thursday, June 29th. They set an “overweight” rating and a $33.00 price objective for the company. BidaskClub cut shares of Wright Medical Group N.V. from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $34.00 price objective on shares of Wright Medical Group N.V. in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.67.

ILLEGAL ACTIVITY WARNING: “Wright Medical Group N.V. (WMGI) Expected to Earn FY2017 Earnings of ($0.26) Per Share” was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/08/07/wright-medical-group-n-v-wmgi-expected-to-earn-fy2017-earnings-of-0-26-per-share.html.

Wright Medical Group N.V. (WMGI) opened at 27.45 on Monday. The firm’s market capitalization is $2.87 billion. Wright Medical Group N.V. has a 1-year low of $20.50 and a 1-year high of $31.53. The company’s 50-day moving average is $27.03 and its 200 day moving average is $27.85.

Wright Medical Group N.V. (NASDAQ:WMGI) last released its earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The firm had revenue of $179.69 million during the quarter, compared to analysts’ expectations of $178.17 million. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.08%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) EPS.

In related news, SVP Jonathan Wesley Porter sold 2,490 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $27.09, for a total value of $67,454.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lance A. Berry sold 6,685 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $27.14, for a total value of $181,430.90. The disclosure for this sale can be found here. In the last three months, insiders sold 40,655 shares of company stock valued at $1,116,708. 9.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMGI. Palo Alto Investors LLC increased its position in Wright Medical Group N.V. by 0.9% in the first quarter. Palo Alto Investors LLC now owns 2,628,193 shares of the medical device company’s stock worth $81,789,000 after buying an additional 23,600 shares during the period. Macquarie Group Ltd. increased its position in Wright Medical Group N.V. by 13.3% in the fourth quarter. Macquarie Group Ltd. now owns 797,339 shares of the medical device company’s stock worth $18,323,000 after buying an additional 93,771 shares during the period. Virginia Retirement Systems ET AL bought a new position in Wright Medical Group N.V. during the first quarter worth approximately $598,000. Norges Bank bought a new position in Wright Medical Group N.V. during the fourth quarter worth approximately $4,711,000. Finally, Spark Investment Management LLC bought a new position in Wright Medical Group N.V. during the first quarter worth approximately $1,300,000.

About Wright Medical Group N.V.

Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.

Earnings History and Estimates for Wright Medical Group N.V. (NASDAQ:WMGI)

Receive News & Ratings for Wright Medical Group N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wright Medical Group N.V. and related companies with MarketBeat.com's FREE daily email newsletter.