Merit Medical Systems (MMSI) to Release Earnings on Wednesday

Merit Medical Systems (NASDAQ:MMSI) is set to post its quarterly earnings results after the market closes on Wednesday, April 25th. Analysts expect Merit Medical Systems to post earnings of $0.29 per share for the quarter. Merit Medical Systems has set its FY18 guidance at $1.57-1.69 EPS.

Merit Medical Systems (NASDAQ:MMSI) last released its quarterly earnings results on Wednesday, February 28th. The medical instruments supplier reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Merit Medical Systems had a return on equity of 9.65% and a net margin of 3.78%. The company had revenue of $190.90 million during the quarter, compared to analysts’ expectations of $187.62 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, analysts expect Merit Medical Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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NASDAQ:MMSI opened at $45.80 on Wednesday. Merit Medical Systems has a 1 year low of $28.13 and a 1 year high of $49.50. The firm has a market capitalization of $2,264.67, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 1.39, a current ratio of 2.73 and a debt-to-equity ratio of 0.38.

Several research analysts have recently issued reports on the company. ValuEngine raised Merit Medical Systems from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub raised Merit Medical Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. SunTrust Banks increased their price target on Merit Medical Systems from $1.64 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Barrington Research raised Merit Medical Systems from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Thursday, March 1st. Finally, Canaccord Genuity increased their price target on Merit Medical Systems from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Fourteen research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $48.82.

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About Merit Medical Systems

Merit Medical Systems, Inc is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company operates in two segments: cardiovascular and endoscopy. The cardiovascular segment consists of cardiology and radiology devices, which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases, and includes embolotherapeutic, cardiac rhythm management (CRM), electrophysiology (EP), and interventional oncology and spine devices.

Earnings History for Merit Medical Systems (NASDAQ:MMSI)

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