ICU Medical (ICUI) Updates FY 2018 Earnings Guidance
ICU Medical (NASDAQ:ICUI) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $8.45-8.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.60. ICU Medical also updated its FY18 guidance to $8.45-8.85 EPS.
ICU Medical stock opened at $232.01 on Friday. ICU Medical has a 52 week low of $196.33 and a 52 week high of $321.70. The stock has a market cap of $5.31 billion, a P/E ratio of 35.99 and a beta of 0.65.
ICU Medical (NASDAQ:ICUI) last released its earnings results on Thursday, November 8th. The medical instruments supplier reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.34. ICU Medical had a return on equity of 12.78% and a net margin of 5.93%. The firm had revenue of $327.20 million during the quarter, compared to the consensus estimate of $334.97 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. Analysts expect that ICU Medical will post 7.6 EPS for the current fiscal year.
In other ICU Medical news, VP Thomas D. Mccall sold 11,133 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $302.56, for a total value of $3,368,400.48. Following the completion of the transaction, the vice president now directly owns 3,018 shares of the company’s stock, valued at $913,126.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Virginia Ruth Sanzone sold 787 shares of the business’s 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 completion of the transaction, the vice president now directly owns 1,367 shares of the company’s stock, valued at $414,365.04. The disclosure for this sale can be found here. Insiders have sold 711,920 shares of company stock valued at $202,651,956 in the last ninety days. Corporate insiders own 12.50% of the company’s stock.
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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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