Brokerages Anticipate Masimo Co. (MASI) Will Post Quarterly Sales of $201.63 Million

Wall Street analysts expect Masimo Co. (NASDAQ:MASI) to report sales of $201.63 million for the current quarter, Zacks reports. Four analysts have made estimates for Masimo’s earnings. The lowest sales estimate is $201.33 million and the highest is $202.20 million. Masimo posted sales of $183.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.1%. The firm is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that Masimo will report full-year sales of $201.63 million for the current fiscal year, with estimates ranging from $774.25 million to $775.10 million. For the next year, analysts expect that the business will report sales of $828.57 million per share, with estimates ranging from $810.90 million to $840.03 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Masimo.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Masimo from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price target on shares of Masimo in a research report on Friday, November 3rd. Finally, BidaskClub lowered shares of Masimo from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.17.

In related news, EVP Yongsam Lee sold 5,900 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $88.31, for a total transaction of $521,029.00. Following the completion of the transaction, the executive vice president now owns 70,800 shares of the company’s stock, valued at $6,252,348. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sanford Fitch sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the director now owns 70,249 shares of the company’s stock, valued at $6,322,410. The disclosure for this sale can be found here. Insiders have sold 48,098 shares of company stock valued at $4,315,261 in the last ninety days. 16.60% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its stake in Masimo by 0.6% during the second quarter. Sterling Capital Management LLC now owns 7,803 shares of the medical equipment provider’s stock worth $711,000 after buying an additional 44 shares during the period. 1st Global Advisors Inc. grew its stake in Masimo by 3.2% during the second quarter. 1st Global Advisors Inc. now owns 7,468 shares of the medical equipment provider’s stock worth $681,000 after buying an additional 233 shares during the period. Advisor Group Inc. grew its stake in Masimo by 38.4% during the second quarter. Advisor Group Inc. now owns 2,361 shares of the medical equipment provider’s stock worth $216,000 after buying an additional 655 shares during the period. Cardinal Capital Management grew its stake in Masimo by 2.7% during the third quarter. Cardinal Capital Management now owns 25,681 shares of the medical equipment provider’s stock worth $2,222,000 after buying an additional 678 shares during the period. Finally, Strs Ohio grew its stake in Masimo by 3.7% during the third quarter. Strs Ohio now owns 19,700 shares of the medical equipment provider’s stock worth $1,705,000 after buying an additional 700 shares during the period. Institutional investors own 82.57% of the company’s stock.

Masimo (NASDAQ:MASI) opened at $83.47 on Friday. The firm has a market cap of $4,390.00, a P/E ratio of 13.23, a PEG ratio of 3.12 and a beta of 0.85. Masimo has a 52-week low of $75.06 and a 52-week high of $104.71.

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About Masimo

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 (NASDAQ:MASI)

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