Teleflex Incorporated (TFX) Releases FY17 Earnings Guidance
Teleflex Incorporated (NYSE:TFX) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $8.30-8.40 for the period, compared to the Thomson Reuters consensus estimate of $8.29.
Teleflex (NYSE:TFX) last announced its quarterly earnings data on Thursday, November 2nd. The medical technology company reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.12. The company had revenue of $534.70 million during the quarter, compared to the consensus estimate of $522.94 million. Teleflex had a return on equity of 16.12% and a net margin of 12.36%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.57%. Teleflex’s dividend payout ratio is presently 26.00%.
A number of research firms recently commented on TFX. Leerink Swann raised Teleflex from a market perform rating to an outperform rating and boosted their price target for the stock from $227.00 to $266.00 in a report on Thursday, September 7th. Zacks Investment Research cut Teleflex from a buy rating to a hold rating in a report on Thursday, August 31st. Jefferies Group LLC reissued a buy rating and issued a $230.00 price target on shares of Teleflex in a report on Thursday, August 3rd. KeyCorp reissued a hold rating on shares of Teleflex in a report on Wednesday, September 6th. Finally, BidaskClub cut Teleflex from a buy rating to a hold rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $260.75.
In other news, Director Stephen K. M.D. Klasko sold 200 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $241.88, for a total transaction of $48,376.00. Following the sale, the director now directly owns 8,080 shares of the company’s stock, valued at approximately $1,954,390.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.39% of the stock is owned by corporate insiders.
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Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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