Q4 2018 Earnings Forecast for Intuitive Surgical, Inc. (ISRG) Issued By Piper Jaffray Companies
Intuitive Surgical, Inc. (NASDAQ:ISRG) – Investment analysts at Piper Jaffray Companies boosted their Q4 2018 EPS estimates for Intuitive Surgical in a report issued on Wednesday, January 9th. Piper Jaffray Companies analyst J. Mckim now anticipates that the medical equipment provider will earn $2.53 per share for the quarter, up from their previous estimate of $2.47. Piper Jaffray Companies currently has a “Overweight” rating and a $625.00 target price 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 issued its quarterly earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.17. The company had revenue of $920.90 million for the quarter, compared to the consensus estimate of $916.22 million. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.77 EPS.
Shares of NASDAQ ISRG opened at $505.32 on Friday. The company has a market capitalization of $59.05 billion, a price-to-earnings ratio of 70.28, a price-to-earnings-growth ratio of 3.44 and a beta of 1.07. Intuitive Surgical has a 12 month low of $380.00 and a 12 month high of $581.12.
Hedge funds have recently made changes to their positions in the stock. Morgan Stanley boosted its stake in Intuitive Surgical by 119.5% in the 3rd quarter. Morgan Stanley now owns 2,856,195 shares of the medical equipment provider’s stock valued at $1,639,456,000 after buying an additional 1,554,896 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Intuitive Surgical by 26.4% in the third quarter. CENTRAL TRUST Co now owns 460 shares of the medical equipment provider’s stock worth $264,000 after purchasing an additional 96 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Intuitive Surgical by 25.7% in the third quarter. Crossmark Global Holdings Inc. now owns 14,564 shares of the medical equipment provider’s stock worth $8,360,000 after purchasing an additional 2,977 shares in the last quarter. Carillon Tower Advisers Inc. boosted its stake in Intuitive Surgical by 3.7% in the third quarter. Carillon Tower Advisers Inc. now owns 77,953 shares of the medical equipment provider’s stock worth $44,745,000 after purchasing an additional 2,754 shares in the last quarter. Finally, United Capital Management of KS Inc. acquired a new position in Intuitive Surgical in the third quarter worth $205,000. 84.14% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Jamie Samath sold 864 shares of the business’s stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $499.21, for a total value of $431,317.44. Following the sale, the vice president now owns 257 shares of the company’s stock, valued at approximately $128,296.97. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amal M. Johnson sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $500.00, for a total value of $500,000.00. Following the completion of the sale, the director now directly owns 9,874 shares in the company, valued at approximately $4,937,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,491 shares of company stock worth $37,767,784. 2.20% of the stock is owned by insiders.
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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