Brokerages forecast that Intuitive Surgical, Inc. (NASDAQ:ISRG) will announce earnings per share of $1.98 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Intuitive Surgical’s earnings. The highest EPS estimate is $2.18 and the lowest is $1.64. Intuitive Surgical reported earnings per share of $1.70 in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.5%. The company is scheduled to report its next earnings report on Tuesday, April 17th.
On average, analysts expect that Intuitive Surgical will report full-year earnings of $9.60 per share for the current fiscal year, with EPS estimates ranging from $9.37 to $10.00. For the next fiscal year, analysts forecast that the company will report earnings of $10.80 per share, with EPS estimates ranging from $9.53 to $11.98. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Intuitive Surgical.
Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.27. The firm had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.03 EPS.
Intuitive Surgical (NASDAQ:ISRG) opened at $435.00 on Monday. The firm has a market cap of $48,220.98, a price-to-earnings ratio of 54.26, a P/E/G ratio of 5.08 and a beta of 0.51. Intuitive Surgical has a one year low of $242.38 and a one year high of $452.00.
In other news, CFO Marshall Mohr sold 7,500 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $414.19, for a total value of $3,106,425.00. Following the sale, the chief financial officer now directly owns 13,816 shares of the company’s stock, valued at approximately $5,722,449.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Curet Myriam sold 262 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total transaction of $113,053.00. Following the completion of the sale, the executive vice president now directly owns 2,152 shares in the company, valued at $928,588. The disclosure for this sale can be found here. Insiders have sold a total of 102,770 shares of company stock worth $43,410,836 over the last three months. Insiders own 2.20% of the company’s stock.
Several hedge funds have recently modified their holdings of ISRG. CWM LLC raised its holdings in shares of Intuitive Surgical by 200.0% in the 4th quarter. CWM LLC now owns 285 shares of the medical equipment provider’s stock valued at $104,000 after purchasing an additional 190 shares during the period. American National Bank raised its holdings in shares of Intuitive Surgical by 200.0% in the 4th quarter. American National Bank now owns 300 shares of the medical equipment provider’s stock valued at $109,000 after purchasing an additional 200 shares during the period. Spectrum Management Group Inc. raised its holdings in shares of Intuitive Surgical by 154.2% in the 4th quarter. Spectrum Management Group Inc. now owns 300 shares of the medical equipment provider’s stock valued at $109,000 after purchasing an additional 182 shares during the period. Trustcore Financial Services LLC bought a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $125,000. Finally, Trust Department MB Financial Bank N A raised its holdings in shares of Intuitive Surgical by 200.0% in the 4th quarter. Trust Department MB Financial Bank N A now owns 345 shares of the medical equipment provider’s stock valued at $126,000 after purchasing an additional 230 shares during the period. 87.57% of the stock is currently owned by institutional investors.
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Intuitive Surgical Company Profile
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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