K2M Group Holdings, Inc. (KTWO) to Release Quarterly Earnings on Tuesday
K2M Group Holdings, Inc. (NASDAQ:KTWO) is set to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.16) per share for the quarter.
K2M Group Holdings (NASDAQ:KTWO) last posted its quarterly earnings data on Tuesday, August 1st. The medical device company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. The company had revenue of $65.70 million for the quarter, compared to analyst estimates of $66.26 million. K2M Group Holdings had a negative net margin of 16.21% and a negative return on equity of 15.45%. K2M Group Holdings’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.27) earnings per share. On average, analysts expect K2M Group Holdings to post $-0.83 EPS for the current fiscal year and $-0.46 EPS for the next fiscal year.
K2M Group Holdings, Inc. (KTWO) opened at 20.00 on Tuesday. The firm has a 50-day moving average of $20.98 and a 200-day moving average of $22.48. The firm’s market capitalization is $865.36 million. K2M Group Holdings, Inc. has a 1-year low of $16.32 and a 1-year high of $25.99.
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In other K2M Group Holdings news, CFO Gregory S. Cole sold 39,357 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $23.37, for a total transaction of $919,773.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory S. Cole sold 2,350 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $24.08, for a total transaction of $56,588.00. Following the transaction, the chief financial officer now directly owns 55,158 shares in the company, valued at approximately $1,328,204.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,129 shares of company stock worth $1,033,644. Corporate insiders own 5.80% of the company’s stock.
A number of research firms have recently issued reports on KTWO. Royal Bank Of Canada restated a “buy” rating and issued a $26.00 price target on shares of K2M Group Holdings in a research report on Thursday, July 20th. BidaskClub raised shares of K2M Group Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed a “buy” rating and issued a $26.00 price objective on shares of K2M Group Holdings in a report on Wednesday, July 19th. JMP Securities reaffirmed an “outperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of K2M Group Holdings in a report on Wednesday, June 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of K2M Group Holdings in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. K2M Group Holdings presently has an average rating of “Buy” and an average target price of $25.10.
About K2M Group Holdings
K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine and minimally invasive technologies and techniques. The Company’s solutions are focused on achieving three-dimensional Total Body Balance. Its spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.
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