Stryker Co. (SYK) Expected to Post Quarterly Sales of $3.51 Billion

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Analysts predict that Stryker Co. (NYSE:SYK) will announce $3.51 billion in sales for the current quarter, Zacks reports. Eleven analysts have provided estimates for Stryker’s earnings. The highest sales estimate is $3.54 billion and the lowest is $3.46 billion. Stryker posted sales of $3.24 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The business is scheduled to announce its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that Stryker will report full-year sales of $14.80 billion for the current fiscal year, with estimates ranging from $14.57 billion to $14.88 billion. For the next fiscal year, analysts forecast that the firm will post sales of $15.78 billion, with estimates ranging from $15.52 billion to $15.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Stryker.

Stryker (NYSE:SYK) last posted its earnings results on Tuesday, January 29th. The medical technology company reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.03. Stryker had a return on equity of 27.60% and a net margin of 26.12%. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.73 billion.

Several research firms have recently weighed in on SYK. Zacks Investment Research raised Stryker from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a report on Monday, November 26th. Barclays set a $203.00 target price on Stryker and gave the company a “buy” rating in a report on Friday, March 8th. Royal Bank of Canada boosted their target price on Stryker from $184.00 to $204.00 and gave the company an “outperform” rating in a report on Monday, March 11th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Stryker in a research note on Friday, January 18th. Finally, UBS Group initiated coverage on Stryker in a research note on Tuesday, November 27th. They set a “neutral” rating and a $180.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $188.61.

Shares of Stryker stock traded up $0.69 on Friday, hitting $194.04. The stock had a trading volume of 1,734,335 shares, compared to its average volume of 1,481,983. Stryker has a 52-week low of $144.75 and a 52-week high of $194.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.41 and a current ratio of 2.02. The company has a market capitalization of $71.49 billion, a P/E ratio of 26.54, a PEG ratio of 2.34 and a beta of 0.88.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, March 28th. Stryker’s dividend payout ratio is presently 28.45%.

In other Stryker news, VP M Kathryn Fink sold 180 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $176.77, for a total transaction of $31,818.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Timothy J. Scannell sold 4,666 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $186.25, for a total value of $869,042.50. The disclosure for this sale can be found here. Insiders have sold a total of 74,811 shares of company stock worth $13,409,320 in the last quarter. 7.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SYK. Oregon Public Employees Retirement Fund grew its holdings in shares of Stryker by 8,029.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,075,473 shares of the medical technology company’s stock worth $39,000 after acquiring an additional 6,000,739 shares during the period. Capital International Investors acquired a new stake in shares of Stryker in the 3rd quarter worth approximately $831,822,000. Norges Bank acquired a new stake in shares of Stryker in the 4th quarter worth approximately $474,132,000. Capital World Investors grew its holdings in shares of Stryker by 987.2% in the 3rd quarter. Capital World Investors now owns 1,657,979 shares of the medical technology company’s stock worth $294,590,000 after acquiring an additional 1,505,479 shares during the period. Finally, Winslow Capital Management LLC grew its holdings in shares of Stryker by 215,255.1% in the 3rd quarter. Winslow Capital Management LLC now owns 1,109,079 shares of the medical technology company’s stock worth $197,061,000 after acquiring an additional 1,108,564 shares during the period. Institutional investors and hedge funds own 75.46% of the company’s stock.

Stryker Company Profile

Stryker Corporation operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine. The Orthopaedics segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries. The MedSurg segment offers surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices, and other medical devices for use in various medical specialties.

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