Boston Scientific (NYSE:BSX) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.37-1.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.37. The company issued revenue guidance of $9.75-9.90 billion (+5-7% organic), compared to the consensus revenue estimate of $9.75 billion.Boston Scientific also updated its Q2 guidance to $0.33-0.35 EPS.
Shares of BSX traded up $0.03 during mid-day trading on Thursday, reaching $29.45. 3,159,449 shares of the company’s stock traded hands, compared to its average volume of 8,053,089. The stock has a market cap of $39,184.96, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. The company has a current ratio of 0.68, a quick ratio of 0.49 and a debt-to-equity ratio of 0.54. Boston Scientific has a 12 month low of $24.54 and a 12 month high of $29.93.
Boston Scientific (NYSE:BSX) last released its quarterly earnings results on Wednesday, April 25th. The medical equipment provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Boston Scientific had a return on equity of 24.27% and a net margin of 1.15%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. analysts forecast that Boston Scientific will post 1.37 EPS for the current year.
In related news, SVP Maulik Nanavaty sold 15,568 shares of Boston Scientific stock in a transaction on Friday, February 9th. The shares were sold at an average price of $25.38, for a total value of $395,115.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph Michael Fitzgerald sold 85,227 shares of Boston Scientific stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.48, for a total transaction of $2,256,810.96. The disclosure for this sale can be found here. Insiders sold a total of 238,903 shares of company stock worth $6,497,699 in the last quarter. Insiders own 0.73% of the company’s stock.
About Boston Scientific
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: Cardiovascular, Rhythm Management, and MedSurg. The company offers interventional cardiology products, including drug-eluting coronary stent systems used in the treatment of coronary artery disease; percutaneous coronary interventions therapy products to treat atherosclerosis; intravascular catheter-directed ultrasound imaging catheters, fractional flow reserve devices, and systems for use in coronary arteries and heart chambers, as well as certain peripheral vessels; and structural heart therapy systems.
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