Equities research analysts forecast that NuVasive, Inc. (NASDAQ:NUVA) will report earnings per share (EPS) of $0.56 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for NuVasive’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.56. NuVasive posted earnings per share of $0.53 during the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The company is scheduled to announce its next earnings report on Thursday, February 8th.
On average, analysts expect that NuVasive will report full-year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.92. For the next financial year, analysts forecast that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.19 to $2.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover NuVasive.
NUVA has been the topic of a number of research reports. Royal Bank of Canada decreased their price target on shares of NuVasive from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Cowen set a $72.00 price target on shares of NuVasive and gave the company a “buy” rating in a research note on Thursday, October 12th. Robert W. Baird set a $60.00 price target on shares of NuVasive and gave the company a “hold” rating in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of NuVasive from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price target on shares of NuVasive in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $72.33.
Shares of NuVasive (NUVA) traded down $1.00 on Tuesday, reaching $47.40. 1,169,766 shares of the company were exchanged, compared to its average volume of 1,241,491. NuVasive has a twelve month low of $46.99 and a twelve month high of $81.68. The firm has a market cap of $2,440.00, a price-to-earnings ratio of 39.83, a P/E/G ratio of 1.39 and a beta of 0.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.51 and a current ratio of 2.85.
NuVasive announced that its board has initiated a share buyback plan on Tuesday, October 24th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the medical device company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
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NuVasive Company Profile
Nuvasive, Inc is a medical device company. The Company focuses on developing minimally-disruptive surgical products and procedurally-integrated solutions for the spine surgery. Its product portfolio focuses on applications for spine fusion surgery, including biologics used to aid in the spinal fusion process.
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