CryoLife, Inc. (NYSE:CRY) Releases FY17 Earnings Guidance

CryoLife, Inc. (NYSE:CRY) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.40-0.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41. The company issued revenue guidance of $184-185 million, compared to the consensus revenue estimate of $187.96 million.

CryoLife, Inc. (CRY) traded up $0.30 during trading on Wednesday, hitting $19.35. The company had a trading volume of 168,900 shares, compared to its average volume of 164,557. The stock has a market capitalization of $637.37, a PE ratio of 46.46 and a beta of 0.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.96 and a quick ratio of 4.90. CryoLife, Inc. has a 12 month low of $14.02 and a 12 month high of $24.00.

CryoLife (NYSE:CRY) last posted its quarterly earnings data on Monday, October 30th. The medical equipment provider reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08. The firm had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $44.60 million. CryoLife had a return on equity of 6.43% and a net margin of 5.28%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. research analysts anticipate that CryoLife, Inc. will post 0.28 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. BidaskClub cut CryoLife from a buy rating to a hold rating in a report on Monday, July 24th. Zacks Investment Research upgraded CryoLife from a sell rating to a hold rating in a report on Monday, August 14th. Lake Street Capital boosted their price objective on CryoLife to $26.00 and gave the company a buy rating in a report on Wednesday, October 11th. Northland Securities reiterated a buy rating and issued a $23.50 target price on shares of CryoLife in a report on Monday. Finally, TheStreet lowered CryoLife from a b rating to a c+ rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $23.63.

In other news, CAO Amy Horton sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.00, for a total value of $76,000.00. Following the sale, the chief accounting officer now owns 98,705 shares in the company, valued at $1,875,395. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James P. Mackin sold 125,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $22.01, for a total value of $2,751,250.00. Following the transaction, the chief executive officer now owns 398,399 shares in the company, valued at approximately $8,768,761.99. The disclosure for this sale can be found here. Insiders sold 209,240 shares of company stock worth $4,495,465 over the last three months. Corporate insiders own 6.00% of the company’s stock.

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CryoLife Company Profile

CryoLife, Inc (CryoLife) is a medical device manufacturer and processor, and is engaged in the distribution of medical devices and implantable human tissues used in cardiac surgical procedures. The Company operates through two segments: Medical Devices and Preservation Services. The Medical Devices segment includes medical devices, such as BioGlue Surgical Adhesive, BioFoam Surgical Matrix, On-X Life Technologies Holdings, Inc valves and surgical products, CardioGenesis cardiac laser therapy product line, PerClot and PhotoFix.

Earnings History and Estimates for CryoLife (NYSE:CRY)

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