FY2017 EPS Estimates for Masimo Corporation (MASI) Raised by Analyst
Masimo Corporation (NASDAQ:MASI) – Stock analysts at Wedbush upped their FY2017 earnings per share (EPS) estimates for Masimo Corporation in a research report issued on Wednesday. Wedbush analyst Levy. T now forecasts that the medical equipment provider will earn $2.96 per share for the year, up from their previous forecast of $2.80. Wedbush also issued estimates for Masimo Corporation’s FY2018 earnings at $2.75 EPS.
MASI has been the subject of a number of other reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price objective (up from $105.00) on shares of Masimo Corporation in a research note on Thursday, August 3rd. Zacks Investment Research cut Masimo Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub cut Masimo Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Roth Capital lifted their price objective on Masimo Corporation from $96.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, BTIG Research raised Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $97.00.
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Masimo Corporation (NASDAQ:MASI) last announced its earnings results on Tuesday, October 31st. The medical equipment provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.17. Masimo Corporation had a return on equity of 22.89% and a net margin of 45.83%. The business had revenue of $193.69 million during the quarter, compared to analysts’ expectations of $189.01 million. During the same quarter last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis.
In other Masimo Corporation news, Director Sanford Fitch sold 11,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $87.25, for a total value of $959,750.00. Following the completion of the transaction, the director now directly owns 72,249 shares of the company’s stock, valued at $6,303,725.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.60% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Prudential Financial Inc. grew its stake in Masimo Corporation by 14.4% in the second quarter. Prudential Financial Inc. now owns 553,215 shares of the medical equipment provider’s stock valued at $50,442,000 after acquiring an additional 69,810 shares during the period. American Century Companies Inc. grew its stake in Masimo Corporation by 98.0% in the second quarter. American Century Companies Inc. now owns 209,474 shares of the medical equipment provider’s stock valued at $19,100,000 after acquiring an additional 103,656 shares during the period. D L Carlson Investment Group Inc. grew its stake in Masimo Corporation by 32.4% in the second quarter. D L Carlson Investment Group Inc. now owns 46,240 shares of the medical equipment provider’s stock valued at $4,216,000 after acquiring an additional 11,315 shares during the period. State Street Corp grew its stake in Masimo Corporation by 10.4% in the second quarter. State Street Corp now owns 1,547,728 shares of the medical equipment provider’s stock valued at $141,121,000 after acquiring an additional 146,212 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Masimo Corporation by 27.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,095,353 shares of the medical equipment provider’s stock valued at $99,872,000 after acquiring an additional 233,412 shares during the period. 82.96% of the stock is owned by hedge funds and other institutional investors.
About Masimo Corporation
Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.
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