Terumo Corp. (OTCMKTS:TRUMY – Get Free Report)’s share price gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $15.78, but opened at $14.94. Terumo shares last traded at $15.0450, with a volume of 3,068 shares trading hands.
The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. Terumo had a net margin of 13.83% and a return on equity of 10.44%.
Wall Street Analysts Forecast Growth
TRUMY has been the topic of several analyst reports. Zacks Research raised shares of Terumo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Nomura raised Terumo from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, Terumo has an average rating of “Strong Buy”.
Read Our Latest Stock Analysis on TRUMY
Terumo Stock Down 4.8%
The company has a market cap of $22.16 billion, a price-to-earnings ratio of 21.15 and a beta of 0.82. The stock’s 50-day moving average is $14.81 and its 200-day moving average is $14.08. The company has a current ratio of 2.19, a quick ratio of 1.37 and a debt-to-equity ratio of 0.13.
Terumo Company Profile
Terumo Corporation is a Japan-based medical technology company that develops and manufactures products for hospitals, clinics and other healthcare providers. Founded in 1921, the company began by producing clinical thermometers and has since expanded into a broad range of medical devices and services. Terumo’s businesses include cardiovascular and vascular products, such as catheter-based devices and systems used in the treatment of heart and vascular conditions; medical care products, including infusion and injection devices; and blood and cell technologies used to collect, process and manage blood and cellular therapies.
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