Wright Medical Group (WMGI) to Release Earnings on Wednesday

Share on StockTwits

Wright Medical Group (NASDAQ:WMGI) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 7th. Analysts expect Wright Medical Group to post earnings of ($0.15) per share for the quarter. Wright Medical Group has set its FY18 guidance at $(0.21)-(0.14) EPS.

Wright Medical Group (NASDAQ:WMGI) last announced its quarterly earnings results on Wednesday, August 8th. The medical device company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The company had revenue of $205.40 million during the quarter, compared to the consensus estimate of $197.20 million. Wright Medical Group had a negative net margin of 24.74% and a negative return on equity of 1.94%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) earnings per share. On average, analysts expect Wright Medical Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of WMGI opened at $26.95 on Tuesday. The company has a market cap of $2.96 billion, a P/E ratio of -122.50 and a beta of 1.06. The company has a quick ratio of 1.57, a current ratio of 2.06 and a debt-to-equity ratio of 1.87. Wright Medical Group has a twelve month low of $19.01 and a twelve month high of $29.50.

In other Wright Medical Group news, CFO Lance A. Berry sold 1,182 shares of Wright Medical Group stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $27.19, for a total value of $32,138.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jennifer S. Walker sold 11,466 shares of Wright Medical Group stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $28.60, for a total transaction of $327,927.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,305 shares of company stock valued at $405,239. 4.00% of the stock is currently owned by insiders.

Several brokerages recently weighed in on WMGI. BMO Capital Markets raised shares of Wright Medical Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $28.00 to $31.00 in a research report on Wednesday, August 29th. BidaskClub raised shares of Wright Medical Group from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Robert W. Baird lifted their target price on shares of Wright Medical Group from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Jefferies Financial Group lifted their target price on shares of Wright Medical Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, Bank of America raised shares of Wright Medical Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $34.00 in a research report on Thursday, August 9th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.64.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Macon Daily and is the property of of Macon Daily. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://macondaily.com/2018/11/06/wright-medical-group-wmgi-to-release-earnings-on-wednesday.html.

About Wright Medical Group

Wright Medical Group N.V., a medical device company, designs, manufactures, markets, and sells extremities and biologics products. The company offers joint implants and bone fixation devices for the shoulder, elbow, wrist, hand, foot, and ankle; and biologics products that are used for supporting the treatment of damaged or diseased bones, tendons, and soft tissues, as well as to stimulate bone growth.

Further Reading: What are the reasons investors use put options?

Earnings History for Wright Medical Group (NASDAQ:WMGI)

Receive News & Ratings for Wright Medical Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wright Medical Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply