ICU Medical (NASDAQ:ICUI) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $8.45-8.85 for the period, compared to the Thomson Reuters consensus estimate of $8.60.
ICU Medical stock traded up $0.74 during midday trading on Thursday, hitting $260.24. 469,940 shares of the stock were exchanged, compared to its average volume of 161,462. ICU Medical has a 52 week low of $180.45 and a 52 week high of $321.70. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 47.14 and a beta of 0.65.
ICU Medical (NASDAQ:ICUI) last released its quarterly earnings data on Thursday, August 9th. The medical instruments supplier reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.84. ICU Medical had a net margin of 5.93% and a return on equity of 12.78%. The business had revenue of $360.46 million for the quarter, compared to analyst estimates of $337.60 million. During the same quarter last year, the firm earned $0.76 EPS. ICU Medical’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that ICU Medical will post 7.6 EPS for the current fiscal year.
In other news, VP Virginia Ruth Sanzone sold 787 shares of ICU Medical stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $303.12, for a total value of $238,555.44. Following the sale, the vice president now directly owns 1,367 shares in the company, valued at $414,365.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pfizer Inc sold 700,000 shares of ICU Medical stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $284.35, for a total transaction of $199,045,000.00. The disclosure for this sale can be found here. Insiders sold 711,920 shares of company stock worth $202,651,956 over the last quarter. 12.50% of the stock is owned by corporate insiders.
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ICU Medical Company Profile
ICU Medical, Inc develops, manufactures, and sells medical devices used in vascular 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.
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