CryoLife, Inc. (NYSE:CRY) – Equities researchers at First Analysis reduced their Q3 2017 earnings per share estimates for shares of CryoLife in a research note issued on Tuesday. First Analysis analyst now forecasts that the medical equipment provider will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.06. First Analysis also issued estimates for CryoLife’s Q4 2017 earnings at $0.09 EPS, FY2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.03 EPS and Q2 2018 earnings at $0.07 EPS.

CryoLife (NYSE:CRY) last posted its quarterly earnings data on Monday, July 24th. The medical equipment provider reported $0.12 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $47.80 million for the quarter, compared to analyst estimates of $47.02 million. During the same quarter last year, the company earned $0.13 EPS. The company’s revenue was up 1.5% on a year-over-year basis.

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Several other research firms also recently issued reports on CRY. Canaccord Genuity restated a “buy” rating and set a $25.00 target price on shares of CryoLife in a research report on Monday, October 9th. Zacks Investment Research downgraded CryoLife from a “hold” rating to a “sell” rating in a research report on Tuesday. Lake Street Capital increased their price objective on CryoLife to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, BidaskClub downgraded CryoLife from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.63.

CryoLife (NYSE CRY) opened at 20.40 on Wednesday. The company has a market cap of $682.30 million, a price-to-earnings ratio of 61.82 and a beta of 0.92. CryoLife has a 1-year low of $14.02 and a 1-year high of $24.00. The firm’s 50-day moving average price is $22.03 and its 200-day moving average price is $19.26.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its stake in CryoLife by 3.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,150 shares of the medical equipment provider’s stock valued at $102,000 after acquiring an additional 190 shares during the last quarter. Mason Street Advisors LLC increased its stake in CryoLife by 7.4% in the first quarter. Mason Street Advisors LLC now owns 6,324 shares of the medical equipment provider’s stock valued at $105,000 after acquiring an additional 438 shares during the last quarter. State of Alaska Department of Revenue increased its stake in CryoLife by 80.8% in the second quarter. State of Alaska Department of Revenue now owns 5,387 shares of the medical equipment provider’s stock valued at $107,000 after acquiring an additional 2,407 shares during the last quarter. First Mercantile Trust Co. increased its stake in CryoLife by 5.6% in the second quarter. First Mercantile Trust Co. now owns 5,448 shares of the medical equipment provider’s stock valued at $109,000 after acquiring an additional 291 shares during the last quarter. Finally, Creative Planning increased its stake in CryoLife by 3.0% in the second quarter. Creative Planning now owns 6,806 shares of the medical equipment provider’s stock valued at $136,000 after acquiring an additional 200 shares during the last quarter. 68.36% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director James Benson sold 2,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $22.80, for a total value of $45,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James P. Mackin sold 43,050 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $22.09, for a total value of $950,974.50. Following the completion of the transaction, the chief executive officer now directly owns 398,399 shares in the company, valued at approximately $8,800,633.91. The disclosure for this sale can be found here. Insiders sold 171,050 shares of company stock worth $3,769,825 in the last quarter. 6.00% of the stock is currently owned by company insiders.

About CryoLife

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.

Earnings History and Estimates for CryoLife (NYSE:CRY)

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