Edwards Lifesciences (EW) Releases FY17 Earnings Guidance
Edwards Lifesciences (NYSE:EW) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.65-3.85 for the period, compared to the Thomson Reuters consensus estimate of $3.75. The company issued revenue guidance of $3.2-3.4 billion range, compared to the consensus revenue estimate of $3.39 billion.Edwards Lifesciences also updated its FY18 guidance to $4.10-4.30 EPS.
Shares of Edwards Lifesciences (EW) traded up $0.31 during mid-day trading on Thursday, reaching $113.36. The company’s stock had a trading volume of 1,530,300 shares, compared to its average volume of 1,641,257. The stock has a market capitalization of $23,923.63, a P/E ratio of 31.32, a P/E/G ratio of 2.02 and a beta of 0.51. The company has a quick ratio of 2.76, a current ratio of 3.49 and a debt-to-equity ratio of 0.33. Edwards Lifesciences has a 52 week low of $81.90 and a 52 week high of $121.45.
Edwards Lifesciences (NYSE:EW) last issued its quarterly earnings results on Tuesday, October 24th. The medical research company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). The business had revenue of $821.50 million for the quarter, compared to analysts’ expectations of $833.85 million. Edwards Lifesciences had a return on equity of 27.22% and a net margin of 22.47%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. equities research analysts anticipate that Edwards Lifesciences will post 3.75 EPS for the current year.
Several research firms have recently weighed in on EW. Canaccord Genuity restated a buy rating and issued a $137.00 target price on shares of Edwards Lifesciences in a research report on Wednesday, November 29th. Barclays restated an equal weight rating and issued a $120.00 target price on shares of Edwards Lifesciences in a research report on Saturday, September 30th. Zacks Investment Research downgraded Edwards Lifesciences from a strong-buy rating to a hold rating in a research report on Tuesday, September 26th. Deutsche Bank decreased their target price on Edwards Lifesciences from $122.00 to $115.00 and set a hold rating on the stock in a research report on Thursday, October 26th. Finally, BidaskClub downgraded Edwards Lifesciences from a buy rating to a hold rating in a research report on Friday, August 25th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $125.53.
In other Edwards Lifesciences news, VP Larry L. Wood sold 18,960 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $112.58, for a total transaction of $2,134,516.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Schack Wesley W. Von sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $104.15, for a total value of $104,150.00. Following the sale, the director now directly owns 2,622 shares of the company’s stock, valued at approximately $273,081.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,580 shares of company stock valued at $14,849,205. Insiders own 2.13% of the company’s stock.
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Edwards Lifesciences Company Profile
Edwards Lifesciences Corporation is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company is engaged in patient-focused innovations for structural heart disease and critical care monitoring. Its segments include United States, Europe, Japan and Rest of World.
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