FY2017 Earnings Estimate for Wright Medical Group N.V. (NASDAQ:WMGI) Issued By William Blair

Wright Medical Group N.V. (NASDAQ:WMGI) – Equities researchers at William Blair boosted their FY2017 earnings per share estimates for Wright Medical Group N.V. in a research report issued to clients and investors on Thursday. William Blair analyst K. Krum now forecasts that the medical device company will earn ($0.27) per share for the year, up from their prior estimate of ($0.30). William Blair also issued estimates for Wright Medical Group N.V.’s Q4 2017 earnings at $0.04 EPS.

Wright Medical Group N.V. (NASDAQ:WMGI) last issued its quarterly earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $179.69 million during the quarter, compared to analyst estimates of $178.17 million. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.08%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) EPS.

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Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated a “buy” rating and set a $34.00 target price on shares of Wright Medical Group N.V. in a research report on Thursday, May 4th. ValuEngine upgraded shares of Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Wright Medical Group N.V. in a research report on Thursday, May 4th. Oppenheimer Holdings, Inc. set a $29.00 price objective on shares of Wright Medical Group N.V. and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $33.00 price objective on shares of Wright Medical Group N.V. in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.67.

Shares of Wright Medical Group N.V. (NASDAQ WMGI) opened at 28.29 on Monday. Wright Medical Group N.V. has a 52 week low of $20.50 and a 52 week high of $31.53. The firm’s market capitalization is $2.95 billion. The stock has a 50 day moving average of $27.03 and a 200-day moving average of $27.85.

In other news, SVP Jennifer S. Walker sold 10,000 shares of Wright Medical Group N.V. stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $26.77, for a total transaction of $267,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jonathan Wesley Porter sold 2,490 shares of Wright Medical Group N.V. stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $27.09, for a total transaction of $67,454.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,655 shares of company stock valued at $1,116,708. 3.50% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Wright Medical Group N.V. by 4.4% in the first 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 in the last quarter. Palo Alto Investors LLC boosted its stake in shares of Wright Medical Group N.V. by 0.9% in the first quarter. Palo Alto Investors LLC now owns 2,628,193 shares of the medical device company’s stock valued at $81,789,000 after buying an additional 23,600 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Wright Medical Group N.V. by 18.7% in the second quarter. GW&K Investment Management LLC now owns 1,504,861 shares of the medical device company’s stock valued at $41,369,000 after buying an additional 237,445 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Wright Medical Group N.V. by 13.6% in the first quarter. Ameriprise Financial Inc. now owns 1,338,115 shares of the medical device company’s stock valued at $41,642,000 after buying an additional 160,494 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Wright Medical Group N.V. by 30.6% in the second quarter. Victory Capital Management Inc. now owns 1,039,308 shares of the medical device company’s stock valued at $28,571,000 after buying an additional 243,630 shares in the last quarter.

About Wright Medical Group N.V.

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.

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

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