CryoLife, Inc. (CRY) Set to Announce Quarterly Earnings on Tuesday
CryoLife, Inc. (NYSE:CRY) will be announcing its earnings results after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. CryoLife has set its FY17 guidance at $40-0.43 EPS.
CryoLife (NYSE:CRY) last released its quarterly earnings data on Monday, July 24th. The medical equipment provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. CryoLife had a return on equity of 7.41% and a net margin of 6.16%. The company had revenue of $47.80 million during the quarter, compared to the consensus estimate of $47.02 million. During the same period last year, the company earned $0.13 EPS. CryoLife’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts expect CryoLife to post $0.34 EPS for the current fiscal year and $0.41 EPS for the next fiscal year.
Shares of CryoLife, Inc. (NYSE:CRY) opened at 20.30 on Tuesday. The company has a market capitalization of $678.95 million, a P/E ratio of 61.52 and a beta of 0.92. CryoLife, Inc. has a 12-month low of $14.02 and a 12-month high of $24.00. The company has a 50-day moving average price of $22.03 and a 200 day moving average price of $19.26.
In other news, CEO James P. Mackin sold 125,000 shares of CryoLife stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $22.01, for a total value of $2,751,250.00. Following the sale, the chief executive officer now directly owns 398,399 shares of the company’s stock, valued at $8,768,761.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Benson sold 2,000 shares of CryoLife stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $22.80, for a total value of $45,600.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 171,050 shares of company stock worth $3,769,825. 6.00% of the stock is owned by corporate insiders.
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Several research firms recently commented on CRY. Lake Street Capital raised their target price on CryoLife to $26.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. Canaccord Genuity reaffirmed a “buy” rating and set a $25.00 target price on shares of CryoLife in a report on Monday, October 9th. Zacks Investment Research raised CryoLife from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, BidaskClub lowered CryoLife from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. CryoLife presently has a consensus rating of “Buy” and a consensus price target of $23.63.
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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