Edwards Lifesciences Corp (NYSE:EW) CEO Michael A. Mussallem sold 32,800 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $178.99, for a total value of $5,870,872.00. Following the completion of the transaction, the chief executive officer now owns 84,601 shares in the company, valued at approximately $15,142,732.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NYSE EW opened at $178.89 on Wednesday. The company has a market capitalization of $37.76 billion, a P/E ratio of 38.06, a PEG ratio of 2.32 and a beta of 0.85. Edwards Lifesciences Corp has a 52 week low of $134.38 and a 52 week high of $197.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.66 and a quick ratio of 2.69.
Edwards Lifesciences (NYSE:EW) last announced its quarterly earnings results on Tuesday, April 23rd. The medical research company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $989.87 million. Edwards Lifesciences had a return on equity of 31.16% and a net margin of 20.03%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 EPS. As a group, equities analysts forecast that Edwards Lifesciences Corp will post 5.28 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FTB Advisors Inc. bought a new stake in Edwards Lifesciences during the first quarter worth approximately $25,000. Executive Wealth Management LLC bought a new stake in Edwards Lifesciences during the fourth quarter worth approximately $25,000. Sontag Advisory LLC bought a new stake in Edwards Lifesciences during the fourth quarter worth approximately $26,000. Field & Main Bank bought a new stake in Edwards Lifesciences during the first quarter worth approximately $34,000. Finally, Lindbrook Capital LLC bought a new stake in Edwards Lifesciences during the fourth quarter worth approximately $27,000. 84.62% of the stock is owned by institutional investors and hedge funds.
About Edwards Lifesciences
Edwards Lifesciences Corporation provides products and technologies for structural heart disease and critical care monitoring in the United States and internationally. It offers transcatheter heart valve therapy products comprising transcatheter aortic valve replacement, and transcatheter mitral and tricuspid therapies for the nonsurgical replacement of heart valves.
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