Smith & Nephew plc Expected to Earn Q1 2019 Earnings of $0.00 Per Share (SNN)

Smith & Nephew plc (NYSE:SNN) – Research analysts at Northcoast Research issued their Q1 2019 earnings per share estimates for shares of Smith & Nephew in a research report issued on Monday. Northcoast Research analyst D. Keiser anticipates that the medical equipment provider will post earnings per share of $0.00 for the quarter. Northcoast Research also issued estimates for Smith & Nephew’s Q2 2019 earnings at $1.00 EPS, Q3 2019 earnings at $0.00 EPS and Q4 2019 earnings at $1.09 EPS.

Several other research analysts have also recently commented on SNN. Zacks Investment Research raised shares of Smith & Nephew from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Canaccord Genuity reaffirmed a “buy” rating on shares of Smith & Nephew in a report on Thursday, February 8th. ValuEngine cut shares of Smith & Nephew from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. raised shares of Smith & Nephew from a “neutral” rating to an “overweight” rating in a report on Thursday, January 25th. Finally, Morgan Stanley cut shares of Smith & Nephew from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 11th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.00.

Shares of Smith & Nephew (SNN) traded up $0.17 on Tuesday, hitting $35.30. 394,709 shares of the stock traded hands, compared to its average volume of 608,896. Smith & Nephew has a 12 month low of $30.12 and a 12 month high of $40.43. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 0.31.

Large investors have recently made changes to their positions in the stock. Bessemer Group Inc. increased its stake in Smith & Nephew by 400.2% in the third quarter. Bessemer Group Inc. now owns 2,781 shares of the medical equipment provider’s stock valued at $102,000 after acquiring an additional 2,225 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Smith & Nephew during the fourth quarter worth $120,000. SeaCrest Wealth Management LLC bought a new stake in shares of Smith & Nephew during the fourth quarter worth $121,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Smith & Nephew during the fourth quarter worth $126,000. Finally, Lbmc Investment Advisors LLC bought a new stake in shares of Smith & Nephew during the third quarter worth $206,000. 6.59% of the stock is currently owned by institutional investors and hedge funds.

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Smith & Nephew Company Profile

Smith & Nephew plc is a medical technology company. The Company is engaged in developing, manufacturing, marketing and selling medical devices and services. Its products and services include Sports Medicine Joint Repair, Arthroscopic Enabling Technologies (AET), Trauma & Extremities, Other Surgical Businesses, Knee Implants, Hip Implants, Advanced Wound Care, Advanced Wound Bioactives and Advanced Wound Devices.

Earnings History and Estimates for Smith & Nephew (NYSE:SNN)

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