Analysts forecast that Masimo Corporation (NASDAQ:MASI) will post earnings per share of $0.61 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Masimo Corporation’s earnings, with estimates ranging from $0.60 to $0.62. Masimo Corporation reported earnings of $0.51 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.6%. The firm is expected to report its next earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that Masimo Corporation will report full year earnings of $2.95 per share for the current financial year, with EPS estimates ranging from $2.95 to $2.96. For the next financial year, analysts forecast that the business will post earnings of $2.60 per share, with EPS estimates ranging from $2.48 to $2.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Masimo Corporation.

Masimo Corporation (NASDAQ:MASI) last announced its quarterly earnings results on Tuesday, October 31st. The medical equipment provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.17. The company had revenue of $193.69 million during the quarter, compared to the consensus estimate of $189.01 million. Masimo Corporation had a return on equity of 22.17% and a net margin of 45.83%. Masimo Corporation’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS.

MASI has been the subject of a number of recent analyst reports. BidaskClub downgraded Masimo Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $108.00 target price on shares of Masimo Corporation in a report on Friday, November 3rd. Zacks Investment Research raised Masimo Corporation from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Thursday, November 2nd. BTIG Research raised Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday, August 14th. Finally, Roth Capital boosted their target price on Masimo Corporation from $96.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $97.17.

In other Masimo Corporation news, Director Sanford Fitch sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $87.25, for a total transaction of $959,750.00. Following the transaction, the director now owns 72,249 shares in the company, valued at approximately $6,303,725.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven Barker sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the director now owns 73,249 shares in the company, valued at approximately $6,592,410. The disclosure for this sale can be found here. Insiders sold a total of 39,976 shares of company stock worth $3,559,074 in the last 90 days. 13.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MASI. Fortaleza Asset Management Inc. acquired a new position in Masimo Corporation during the 2nd quarter worth approximately $106,000. Dubuque Bank & Trust Co. increased its position in Masimo Corporation by 3.4% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,869 shares of the medical equipment provider’s stock worth $170,000 after purchasing an additional 61 shares during the period. DekaBank Deutsche Girozentrale increased its position in Masimo Corporation by 78.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,106 shares of the medical equipment provider’s stock worth $182,000 after purchasing an additional 925 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Masimo Corporation by 13.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the medical equipment provider’s stock worth $184,000 after purchasing an additional 236 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Masimo Corporation during the 2nd quarter worth approximately $203,000. Institutional investors own 84.94% of the company’s stock.

Shares of Masimo Corporation (NASDAQ MASI) opened at $86.43 on Wednesday. The stock has a market capitalization of $4,469.04, a PE ratio of 33.14, a price-to-earnings-growth ratio of 2.91 and a beta of 0.75. Masimo Corporation has a fifty-two week low of $60.03 and a fifty-two week high of $104.71.

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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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Earnings History and Estimates for Masimo Corporation (NASDAQ:MASI)

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