Q4 2018 Earnings Forecast for Intuitive Surgical, Inc. Issued By Piper Jaffray Companies (ISRG)

Intuitive Surgical, Inc. (NASDAQ:ISRG) – Analysts at Piper Jaffray Companies raised their Q4 2018 EPS estimates for shares of Intuitive Surgical in a research note issued to investors on Wednesday, January 9th. Piper Jaffray Companies analyst J. Mckim now expects that the medical equipment provider will earn $2.53 per share for the quarter, up from their previous forecast of $2.47. Piper Jaffray Companies has a “Overweight” rating and a $625.00 price target on the stock. Piper Jaffray Companies also issued estimates for Intuitive Surgical’s Q2 2019 earnings at $2.69 EPS and Q3 2019 earnings at $2.58 EPS.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.17. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The business had revenue of $920.90 million for the quarter, compared to the consensus estimate of $916.22 million. During the same period last year, the business earned $2.77 earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on the company. Northland Securities reaffirmed a “sell” rating and set a $375.00 price objective on shares of Intuitive Surgical in a report on Thursday. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $541.00 price objective on the stock in a report on Thursday. ValuEngine raised Intuitive Surgical from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Citigroup decreased their price objective on Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $563.17.

NASDAQ ISRG opened at $518.07 on Friday. The company has a market cap of $59.05 billion, a price-to-earnings ratio of 72.05, a P/E/G ratio of 3.44 and a beta of 1.07. Intuitive Surgical has a 1-year low of $380.00 and a 1-year high of $581.12.

In other news, CEO Gary S. Guthart sold 28,085 shares of Intuitive Surgical stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $542.78, for a total value of $15,243,976.30. Following the completion of the transaction, the chief executive officer now owns 368,704 shares in the company, valued at $200,125,157.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Salvatore Brogna sold 2,090 shares of Intuitive Surgical stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $541.88, for a total transaction of $1,132,529.20. Following the completion of the transaction, the chief operating officer now owns 2,049 shares of the company’s stock, valued at approximately $1,110,312.12. The disclosure for this sale can be found here. Insiders sold 72,491 shares of company stock valued at $37,767,784 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Moody National Bank Trust Division bought a new position in Intuitive Surgical in the 4th quarter worth approximately $38,000. Cornerstone Advisors Inc. raised its position in Intuitive Surgical by 32.3% in the 3rd quarter. Cornerstone Advisors Inc. now owns 123 shares of the medical equipment provider’s stock worth $71,000 after purchasing an additional 30 shares during the last quarter. Arrow Financial Corp bought a new position in Intuitive Surgical in the 3rd quarter worth approximately $115,000. JNBA Financial Advisors bought a new position in Intuitive Surgical in the 3rd quarter worth approximately $115,000. Finally, Pendal Group Ltd bought a new position in Intuitive Surgical in the 3rd quarter worth approximately $118,000. Institutional investors own 84.14% of the company’s stock.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural hand movements, which are performed on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

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