Equities research analysts expect that Merit Medical Systems, Inc. (NASDAQ:MMSI) will post sales of $226.97 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Merit Medical Systems’ earnings. The highest sales estimate is $229.08 million and the lowest is $225.23 million. Merit Medical Systems posted sales of $190.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.9%. The firm is scheduled to announce its next earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that Merit Medical Systems will report full-year sales of $875.49 million for the current financial year, with estimates ranging from $870.46 million to $878.58 million. For the next financial year, analysts forecast that the firm will report sales of $977.50 million, with estimates ranging from $934.00 million to $1.04 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Merit Medical Systems.
Merit Medical Systems (NASDAQ:MMSI) last released its quarterly earnings data on Thursday, October 25th. The medical instruments supplier reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. Merit Medical Systems had a return on equity of 10.86% and a net margin of 4.72%. The firm had revenue of $221.66 million for the quarter, compared to analysts’ expectations of $217.62 million.
In other Merit Medical Systems news, Director F. Ann Millner sold 9,593 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $56.92, for a total value of $546,033.56. Following the sale, the director now owns 7,891 shares of the company’s stock, valued at $449,155.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Ronald Frost sold 5,257 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $61.31, for a total value of $322,306.67. Following the completion of the sale, the chief operating officer now directly owns 5,257 shares in the company, valued at approximately $322,306.67. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors Inc. increased its position in shares of Merit Medical Systems by 7.4% during the third quarter. Piedmont Investment Advisors Inc. now owns 12,588 shares of the medical instruments supplier’s stock worth $774,000 after acquiring an additional 863 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Merit Medical Systems by 6.4% during the second quarter. Metropolitan Life Insurance Co. NY now owns 15,891 shares of the medical instruments supplier’s stock worth $814,000 after acquiring an additional 956 shares during the period. Piedmont Investment Advisors LLC increased its position in shares of Merit Medical Systems by 9.1% during the second quarter. Piedmont Investment Advisors LLC now owns 11,725 shares of the medical instruments supplier’s stock worth $600,000 after acquiring an additional 981 shares during the period. Amalgamated Bank increased its position in shares of Merit Medical Systems by 14.4% during the second quarter. Amalgamated Bank now owns 8,025 shares of the medical instruments supplier’s stock worth $411,000 after acquiring an additional 1,010 shares during the period. Finally, United Services Automobile Association increased its position in shares of Merit Medical Systems by 11.1% during the second quarter. United Services Automobile Association now owns 11,087 shares of the medical instruments supplier’s stock worth $568,000 after acquiring an additional 1,108 shares during the period. 87.09% of the stock is currently owned by institutional investors and hedge funds.
MMSI opened at $59.16 on Wednesday. Merit Medical Systems has a one year low of $36.21 and a one year high of $66.34. The company has a market capitalization of $3.34 billion, a P/E ratio of 46.22, a price-to-earnings-growth ratio of 2.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.47 and a current ratio of 2.77.
About Merit Medical Systems
Merit Medical Systems, Inc designs, develops, manufactures, and markets various disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy. The company operates through Cardiovascular and Endoscopy segments. It provides various peripheral intervention products, including access, angiography, intervention, and drainage and biopsy products to alleviate patients suffering from peripheral vascular and non-vascular diseases; and cardiac intervention products to aid in the treatment of various cardiac conditions specific to interventional cardiology and electrophysiology, including cardiac rhythm management and lead management.
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