FY2017 Earnings Estimate for Wright Medical Group N.V. (WMGI) Issued By Jefferies Group

Wright Medical Group N.V. (NASDAQ:WMGI) – Jefferies Group cut their FY2017 EPS estimates for shares of Wright Medical Group N.V. in a research report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst R. Denhoy now forecasts that the medical device company will post earnings per share of ($0.31) for the year, down from their previous estimate of ($0.29). Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Wright Medical Group N.V.’s Q4 2017 earnings at $0.01 EPS, Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at ($0.01) EPS, FY2019 earnings at $0.40 EPS and FY2020 earnings at $0.65 EPS.

Wright Medical Group N.V. (NASDAQ:WMGI) last announced its earnings results on Wednesday, November 1st. The medical device company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). Wright Medical Group N.V. had a negative return on equity of 6.27% and a negative net margin of 38.40%. The business had revenue of $170.50 million during the quarter, compared to the consensus estimate of $173.50 million. During the same period in the prior year, the business posted ($0.19) earnings per share. Wright Medical Group N.V.’s revenue was up 8.4% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This piece of content was reported by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://weekherald.com/2017/11/15/fy2017-eps-estimates-for-wright-medical-group-n-v-wmgi-decreased-by-jefferies-group.html.

Several other brokerages also recently issued reports on WMGI. Oppenheimer Holdings, Inc. set a $30.00 price objective on Wright Medical Group N.V. and gave the stock a “hold” rating in a research note on Thursday, August 3rd. BidaskClub downgraded Wright Medical Group N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 price objective on shares of Wright Medical Group N.V. in a research note on Thursday, November 2nd. BMO Capital Markets reduced their price objective on Wright Medical Group N.V. from $34.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Wright Medical Group N.V. in a research note on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $32.22.

Shares of Wright Medical Group N.V. (WMGI) opened at $23.68 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.96 and a current ratio of 1.31. Wright Medical Group N.V. has a fifty-two week low of $22.14 and a fifty-two week high of $31.53.

Several hedge funds and other institutional investors have recently modified their holdings of WMGI. Parametric Portfolio Associates LLC increased its holdings in shares of Wright Medical Group N.V. by 6.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 43,362 shares of the medical device company’s stock valued at $1,349,000 after acquiring an additional 2,626 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Wright Medical Group N.V. during the 1st quarter valued at about $219,000. Teachers Advisors LLC increased its holdings in shares of Wright Medical Group N.V. by 0.8% during the 1st quarter. Teachers Advisors LLC now owns 650,077 shares of the medical device company’s stock valued at $20,230,000 after acquiring an additional 5,101 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Wright Medical Group N.V. by 4.1% during the 1st quarter. Legal & General Group Plc now owns 36,155 shares of the medical device company’s stock valued at $1,125,000 after acquiring an additional 1,424 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Wright Medical Group N.V. by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 8,086,950 shares of the medical device company’s stock valued at $251,666,000 after buying an additional 340,992 shares during the last quarter.

In related news, Director Richard F. Wallman acquired 4,000 shares of the stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of $24.00 per share, with a total value of $96,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Gregory Morrison sold 92,140 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $23.70, for a total value of $2,183,718.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,340 shares of company stock worth $2,189,064. 3.50% of the stock is currently owned by insiders.

Wright Medical Group N.V. Company Profile

Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.

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Earnings History and Estimates for Wright Medical Group N.V. (NASDAQ:WMGI)

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