Wright Medical Group (NASDAQ:WMGI) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Wright Medical Group to post earnings of $0.01 per share for the quarter.
Wright Medical Group (NASDAQ:WMGI) last issued its quarterly earnings results on Tuesday, May 7th. The medical device company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $230.13 million for the quarter, compared to analyst estimates of $226.10 million. Wright Medical Group had a positive return on equity of 0.84% and a negative net margin of 20.81%. Wright Medical Group’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted ($0.01) 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 Wright Medical Group stock opened at $28.06 on Tuesday. The stock’s fifty day simple moving average is $28.22. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 726.50, a P/E/G ratio of 9.03 and a beta of 0.69. Wright Medical Group has a 12 month low of $24.72 and a 12 month high of $32.86. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 0.79.
In other Wright Medical Group news, CAO Julie Andrews sold 1,447 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $30.65, for a total value of $44,350.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin D. Cordell sold 2,685 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $30.47, for a total value of $81,811.95. The disclosure for this sale can be found here. Insiders sold 12,626 shares of company stock valued at $389,339 over the last three months. Company insiders own 3.80% of the company’s stock.
Wright Medical Group Company Profile
Wright Medical Group N.V., a medical device company, designs, manufactures, markets, and sells upper and lower extremities, and biologics products in the United States, Europe, the Middle East, Africa, Canada, Asia, Australia, and Latin America. 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.
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