CONMED Co. (NASDAQ:CNMD) Declares $0.20 Quarterly Dividend

Share on StockTwits

CONMED Co. (NASDAQ:CNMD) announced a quarterly dividend on Thursday, November 21st, Zacks reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.20 per share by the medical technology company on Tuesday, January 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, December 12th.

CONMED stock traded up $0.24 during trading hours on Tuesday, hitting $112.47. The company had a trading volume of 3,932 shares, compared to its average volume of 204,089. The firm has a market capitalization of $3.24 billion, a P/E ratio of 51.59, a price-to-earnings-growth ratio of 2.88 and a beta of 0.51. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.48 and a quick ratio of 1.40. The firm’s fifty day moving average is $109.36 and its 200-day moving average is $95.77. CONMED has a fifty-two week low of $56.90 and a fifty-two week high of $116.81.

CONMED (NASDAQ:CNMD) last released its quarterly earnings data on Wednesday, October 30th. The medical technology company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.06. The firm had revenue of $233.60 million for the quarter, compared to analyst estimates of $228.12 million. CONMED had a net margin of 3.15% and a return on equity of 10.50%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. Analysts anticipate that CONMED will post 2.64 earnings per share for the current year.

In other CONMED news, EVP Peter K. Shagory sold 1,820 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $109.34, for a total value of $198,998.80. Following the completion of the sale, the executive vice president now directly owns 3,469 shares of the company’s stock, valued at $379,300.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Jed Kennedy sold 11,354 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $114.01, for a total transaction of $1,294,469.54. Insiders own 4.38% of the company’s stock.

Several research analysts have weighed in on the stock. Needham & Company LLC lowered shares of CONMED from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. assumed coverage on shares of CONMED in a research note on Tuesday, November 12th. They issued an “overweight” rating and a $136.00 price objective on the stock. Piper Jaffray Companies upgraded shares of CONMED from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $88.00 to $110.00 in a research note on Thursday, August 22nd. ValuEngine lowered shares of CONMED from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub lowered shares of CONMED from a “buy” rating to a “hold” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $113.50.

About CONMED

CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for minimally invasive procedures worldwide. The company offers orthopedic surgery products, including sports medicine products comprising powered resection instruments, arthroscopes, reconstructive systems, tissue repair sets, and metal and bioabsorbable implants, as well as related disposable products and fluid management systems; powered surgical instruments for use in bone orthopedic, arthroscopic, oral/maxillofacial, podiatric, plastic, ENT, neurological, spinal, and cardiothoracic surgeries; sports biologics and tissue products; and surgical visualization products.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

Dividend History for CONMED (NASDAQ:CNMD)

Receive News & Ratings for CONMED Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CONMED and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

CWM Advisors LLC Decreases Stake in National-Oilwell Varco, Inc.
CWM Advisors LLC Decreases Stake in National-Oilwell Varco, Inc.
CWM Advisors LLC Sells 287 Shares of Watts Water Technologies Inc
CWM Advisors LLC Sells 287 Shares of Watts Water Technologies Inc
James Investment Research Inc. Purchases 1,095 Shares of iShares Russell 1000 Value ETF
James Investment Research Inc. Purchases 1,095 Shares of iShares Russell 1000 Value ETF
James Investment Research Inc. Purchases 46,666 Shares of iShares MSCI South Korea ETF
James Investment Research Inc. Purchases 46,666 Shares of iShares MSCI South Korea ETF
PNM Resources Inc  Shares Sold by James Investment Research Inc.
PNM Resources Inc Shares Sold by James Investment Research Inc.
James Investment Research Inc. Acquires 30,776 Shares of Radian Group Inc
James Investment Research Inc. Acquires 30,776 Shares of Radian Group Inc


© 2006-2020 Ticker Report