Zacks: Brokerages Expect ICU Medical (ICUI) to Post $1.81 EPS

Equities analysts expect ICU Medical (NASDAQ:ICUI) to post $1.81 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for ICU Medical’s earnings, with the highest EPS estimate coming in at $1.85 and the lowest estimate coming in at $1.77. ICU Medical reported earnings of $1.68 per share during the same quarter last year, which suggests a positive year over year growth rate of 7.7%. The business is expected to report its next quarterly earnings report on Wednesday, May 9th.

On average, analysts expect that ICU Medical will report full-year earnings of $7.00 per share for the current year, with EPS estimates ranging from $6.90 to $7.16. For the next fiscal year, analysts forecast that the firm will post earnings of $8.84 per share, with EPS estimates ranging from $8.35 to $9.36. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow ICU Medical.

ICU Medical (NASDAQ:ICUI) last released its quarterly earnings results on Thursday, March 1st. The medical instruments supplier reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $1.94. The business had revenue of $370.12 million during the quarter, compared to analyst estimates of $332.91 million. ICU Medical had a return on equity of 8.42% and a net margin of 5.31%. ICU Medical’s quarterly revenue was up 286.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS.

A number of equities research analysts recently commented on the company. BidaskClub raised ICU Medical from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research raised ICU Medical from a “hold” rating to a “buy” rating and set a $266.00 price target for the company in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $266.00.

NASDAQ ICUI traded up $5.00 on Friday, reaching $252.40. The company had a trading volume of 91,156 shares, compared to its average volume of 226,203. The firm has a market capitalization of $5,108.32, a P/E ratio of 45.72, a PEG ratio of 2.54 and a beta of 0.42. ICU Medical has a 52-week low of $144.25 and a 52-week high of $265.27.

In other ICU Medical news, Director George A. Lopez sold 7,640 shares of the company’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $253.83, for a total value of $1,939,261.20. Following the completion of the transaction, the director now owns 526,574 shares in the company, valued at approximately $133,660,278.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott E. Lamb sold 23,624 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $220.00, for a total value of $5,197,280.00. Following the completion of the transaction, the chief financial officer now owns 29,723 shares of the company’s stock, valued at approximately $6,539,060. The disclosure for this sale can be found here. Insiders sold a total of 45,431 shares of company stock valued at $10,662,861 in the last 90 days. Corporate insiders own 13.60% of the company’s stock.

A number of large investors have recently made changes to their positions in ICUI. Exane Derivatives bought a new position in shares of ICU Medical during the 4th quarter worth $100,000. Israel Discount Bank of New York grew its stake in shares of ICU Medical by 74.8% during the 4th quarter. Israel Discount Bank of New York now owns 853 shares of the medical instruments supplier’s stock worth $184,000 after acquiring an additional 365 shares during the period. First Republic Investment Management Inc. bought a new position in shares of ICU Medical during the 4th quarter worth $200,000. Raymond James Trust N.A. bought a new position in shares of ICU Medical during the 4th quarter worth $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of ICU Medical by 39.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 984 shares of the medical instruments supplier’s stock worth $213,000 after acquiring an additional 277 shares during the period. Hedge funds and other institutional investors own 76.92% of the company’s stock.

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ICU Medical Company Profile

ICU Medical, Inc develops, manufactures, and sells medical devices used in infusion therapy, critical care, and oncology applications worldwide. It offers infusion therapy products comprising a tube running from a bottle or plastic bag containing a solution to a catheter inserted in a patient's vein for use in hospitals and ambulatory clinics.

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