Zacks: Brokerages Expect RTI Surgical, Inc. (RTIX) Will Post Earnings of $0.01 Per Share

Wall Street analysts forecast that RTI Surgical, Inc. (NASDAQ:RTIX) will post $0.01 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for RTI Surgical’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.01. The business is expected to announce its next earnings results on Wednesday, July 26th.

On average, analysts expect that RTI Surgical will report full-year earnings of $0.07 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.08. For the next financial year, analysts anticipate that the firm will report earnings of $0.13 per share, with EPS estimates ranging from $0.10 to $0.15. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for RTI Surgical.

RTI Surgical (NASDAQ:RTIX) last released its earnings results on Thursday, April 27th. The medical equipment provider reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $69.90 million during the quarter, compared to analysts’ expectations of $67.68 million. RTI Surgical had a positive return on equity of 1.34% and a negative net margin of 6.85%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 earnings per share.

Several equities analysts recently commented on RTIX shares. TheStreet raised shares of RTI Surgical from a “d+” rating to a “c-” rating in a research note on Friday, May 5th. ValuEngine raised shares of RTI Surgical from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of RTI Surgical from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th.

In other RTI Surgical news, Director Nicholas J. Valeriani purchased 5,500 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was purchased at an average cost of $4.60 per share, for a total transaction of $25,300.00. Following the transaction, the director now owns 25,770 shares in the company, valued at approximately $118,542. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kevin D. Brandt purchased 33,130 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was acquired at an average price of $4.52 per share, with a total value of $149,747.60. Following the completion of the transaction, the executive vice president now owns 126,215 shares in the company, valued at approximately $570,491.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 112,023 shares of company stock valued at $514,421. Corporate insiders own 4.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in RTIX. Goldman Sachs Group Inc. boosted its position in shares of RTI Surgical by 52.3% in the first quarter. Goldman Sachs Group Inc. now owns 85,985 shares of the medical equipment provider’s stock valued at $344,000 after buying an additional 29,518 shares during the period. Metropolitan Life Insurance Co. NY acquired a new position in shares of RTI Surgical during the first quarter valued at about $188,000. Bank of America Corp DE boosted its position in shares of RTI Surgical by 6.4% in the first quarter. Bank of America Corp DE now owns 39,786 shares of the medical equipment provider’s stock valued at $159,000 after buying an additional 2,389 shares during the period. Renaissance Technologies LLC boosted its position in shares of RTI Surgical by 12.6% in the first quarter. Renaissance Technologies LLC now owns 758,900 shares of the medical equipment provider’s stock valued at $3,036,000 after buying an additional 84,700 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of RTI Surgical by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,900,031 shares of the medical equipment provider’s stock valued at $15,600,000 after buying an additional 74,933 shares during the period. Hedge funds and other institutional investors own 68.74% of the company’s stock.

RTI Surgical (RTIX) remained flat at $5.40 during midday trading on Thursday. The company had a trading volume of 48,317 shares. The company’s market cap is $313.88 million. RTI Surgical has a 12 month low of $2.50 and a 12 month high of $5.45. The firm’s 50-day moving average price is $4.94 and its 200-day moving average price is $3.89.

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RTI Surgical Company Profile

RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RTIX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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