Wall Street analysts expect Edwards Lifesciences Corporation (NYSE:EW) to post $862.69 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Edwards Lifesciences’ earnings. The highest sales estimate is $877.98 million and the lowest is $844.00 million. Edwards Lifesciences posted sales of $767.70 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.4%. The business is expected to report its next quarterly earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Edwards Lifesciences will report full year sales of $862.69 million for the current financial year, with estimates ranging from $3.37 billion to $3.42 billion. For the next year, analysts anticipate that the company will post sales of $3.71 billion per share, with estimates ranging from $3.65 billion to $3.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Edwards Lifesciences.

Edwards Lifesciences (NYSE:EW) last announced its quarterly earnings data on Tuesday, October 24th. The medical research company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.02). The business had revenue of $821.50 million during the quarter, compared to the consensus estimate of $833.85 million. Edwards Lifesciences had a net margin of 22.47% and a return on equity of 27.22%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS.

EW has been the topic of several research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $135.00 price objective (down previously from $155.00) on shares of Edwards Lifesciences in a research report on Wednesday, October 25th. BMO Capital Markets reissued a “buy” rating and set a $132.00 price target on shares of Edwards Lifesciences in a research report on Friday, September 1st. William Blair reissued an “outperform” rating on shares of Edwards Lifesciences in a research report on Monday, August 28th. SunTrust Banks set a $124.00 price target on Edwards Lifesciences and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Morgan Stanley decreased their price objective on Edwards Lifesciences from $133.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $126.43.

In other Edwards Lifesciences news, Director Schack Wesley W. Von sold 1,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $104.15, for a total value of $104,150.00. Following the completion of the sale, the director now directly owns 2,622 shares in the company, valued at $273,081.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael A. Mussallem sold 32,900 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $100.93, for a total value of $3,320,597.00. The disclosure for this sale can be found here. Insiders have sold a total of 139,580 shares of company stock valued at $14,849,205 over the last 90 days. 2.13% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in EW. ETF Managers Group LLC purchased a new position in shares of Edwards Lifesciences in the second quarter worth about $112,000. MPS Loria Financial Planners LLC purchased a new position in shares of Edwards Lifesciences in the second quarter worth about $140,000. Captrust Financial Advisors purchased a new position in shares of Edwards Lifesciences in the second quarter worth about $149,000. Dupont Capital Management Corp purchased a new position in shares of Edwards Lifesciences in the third quarter worth about $142,000. Finally, Salem Investment Counselors Inc. raised its stake in shares of Edwards Lifesciences by 16.3% in the second quarter. Salem Investment Counselors Inc. now owns 1,419 shares of the medical research company’s stock worth $168,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 81.82% of the company’s stock.

Shares of Edwards Lifesciences (NYSE EW) traded up $0.75 during trading on Wednesday, reaching $116.32. The company’s stock had a trading volume of 243,539 shares, compared to its average volume of 1,643,286. The company has a market cap of $25,009.24, a P/E ratio of 32.74, a PEG ratio of 2.11 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 12 month low of $86.55 and a 12 month high of $121.45.

Edwards Lifesciences announced that its Board of Directors has authorized a share repurchase program on Thursday, December 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the medical research company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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About Edwards Lifesciences

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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Earnings History and Estimates for Edwards Lifesciences (NYSE:EW)

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