$5.82 EPS Expected for Intuitive Surgical, Inc. (ISRG) This Quarter
Wall Street brokerages expect Intuitive Surgical, Inc. (NASDAQ:ISRG) to announce $5.82 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for Intuitive Surgical’s earnings, with the lowest EPS estimate coming in at $5.02 and the highest estimate coming in at $6.10. Intuitive Surgical reported earnings of $6.19 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 6%. The business is expected to announce its next quarterly earnings report on Tuesday, October 17th.
On average, analysts expect that Intuitive Surgical will report full-year earnings of $23.17 per share for the current year, with EPS estimates ranging from $19.77 to $23.86. For the next financial year, analysts forecast that the firm will report earnings of $27.07 per share, with EPS estimates ranging from $22.48 to $28.64. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Intuitive Surgical.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.16. The business had revenue of $756.20 million for the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $5.62 earnings per share.
A number of brokerages have recently issued reports on ISRG. Vetr lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $1,006.51 price target on the stock. in a research note on Wednesday. BidaskClub downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Barclays PLC boosted their price objective on shares of Intuitive Surgical from $870.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, July 21st. They noted that the move was a valuation call. Canaccord Genuity reissued a “hold” rating and set a $870.00 price objective on shares of Intuitive Surgical in a report on Tuesday, July 11th. Finally, Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $980.61.
In other news, Director Amal M. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $917.27, for a total value of $917,270.00. Following the completion of the transaction, the director now owns 3,787 shares of the company’s stock, valued at $3,473,701.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Curet Myriam sold 2,644 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $921.26, for a total transaction of $2,435,811.44. Following the completion of the transaction, the senior vice president now directly owns 1,428 shares of the company’s stock, valued at approximately $1,315,559.28. The disclosure for this sale can be found here. Insiders sold 34,065 shares of company stock worth $31,659,090 in the last ninety days. Insiders own 2.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America raised its position in Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 3 shares in the last quarter. ETF Managers Group LLC purchased a new position in Intuitive Surgical during the second quarter worth $110,000. D. Scott Neal Inc. purchased a new position in Intuitive Surgical during the second quarter worth $120,000. Harvest Fund Management Co. Ltd purchased a new position in Intuitive Surgical during the second quarter worth $120,000. Finally, Parallel Advisors LLC raised its position in Intuitive Surgical by 10.1% in the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after buying an additional 14 shares in the last quarter. 96.08% of the stock is owned by institutional investors and hedge funds.
Intuitive Surgical (ISRG) opened at 984.31 on Friday. Intuitive Surgical has a 12 month low of $610.71 and a 12 month high of $993.00. The firm has a market capitalization of $36.57 billion, a P/E ratio of 47.15 and a beta of 0.39. The stock’s 50 day moving average price is $946.69 and its 200-day moving average price is $844.19. Intuitive Surgical shares are scheduled to split on the morning of Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, August 30th.
About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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