Edwards Lifesciences (NYSE:EW) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.10-4.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.15. The company issued revenue guidance of $3.5-3.9 billion, compared to the consensus revenue estimate of $3.71 billion.Edwards Lifesciences also updated its FY17 guidance to $3.65-3.85 EPS.
Edwards Lifesciences (NYSE EW) traded up $4.09 during trading on Thursday, hitting $117.45. The stock had a trading volume of 2,258,692 shares, compared to its average volume of 1,641,257. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.49 and a quick ratio of 2.76. The firm has a market cap of $23,923.63, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. Edwards Lifesciences has a 52-week low of $81.90 and a 52-week high of $121.45.
Edwards Lifesciences (NYSE:EW) last posted its quarterly earnings data on Tuesday, October 24th. The medical research company reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.02). The business had revenue of $821.50 million during the quarter, compared to analyst estimates of $833.85 million. Edwards Lifesciences had a return on equity of 27.22% and a net margin of 22.47%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. equities research analysts forecast that Edwards Lifesciences will post 3.75 EPS for the current year.
A number of analysts have commented on the company. Canaccord Genuity reaffirmed a buy rating and set a $155.00 price target on shares of Edwards Lifesciences in a research report on Sunday, October 8th. Cowen reaffirmed a buy rating and set a $135.00 price target on shares of Edwards Lifesciences in a research report on Thursday, October 12th. Barclays lowered their price target on Edwards Lifesciences from $120.00 to $118.00 and set an equal weight rating for the company in a research report on Wednesday, October 25th. BidaskClub cut Edwards Lifesciences from a buy rating to a hold rating in a research report on Friday, August 25th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $130.00 price target on shares of Edwards Lifesciences in a research report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Edwards Lifesciences has a consensus rating of Buy and an average price target of $125.53.
In related news, VP Donald E. Bobo, Jr. sold 5,300 shares of Edwards Lifesciences stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $108.86, for a total value of $576,958.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael A. Mussallem sold 32,900 shares of Edwards Lifesciences stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $100.93, for a total value of $3,320,597.00. The disclosure for this sale can be found here. In the last three months, insiders sold 139,580 shares of company stock valued at $14,849,205. Insiders own 2.13% of the company’s stock.
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Edwards Lifesciences Company Profile
Edwards Lifesciences Corporation is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company is engaged in patient-focused innovations for structural heart disease and critical care monitoring. Its segments include United States, Europe, Japan and Rest of World.
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