K2M Group Holdings, Inc. (KTWO) to Release Earnings on Tuesday

K2M Group Holdings, Inc. (NASDAQ:KTWO) will be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect K2M Group Holdings to post earnings of ($0.16) per share for the quarter.

K2M Group Holdings (NASDAQ:KTWO) last released its earnings results on Tuesday, August 1st. The medical device company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.01. The business had revenue of $65.70 million for the quarter, compared to the consensus estimate of $66.26 million. K2M Group Holdings had a negative return on equity of 15.45% and a negative net margin of 16.21%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.27) earnings per share. On average, analysts expect K2M Group Holdings to post $-0.83 EPS for the current fiscal year and $-0.46 EPS for the next fiscal year.

K2M Group Holdings, Inc. (KTWO) opened at 19.61 on Monday. The stock’s market cap is $848.49 million. The stock has a 50 day moving average price of $20.69 and a 200 day moving average price of $22.42. K2M Group Holdings, Inc. has a 52-week low of $16.32 and a 52-week high of $25.99.

In other K2M Group Holdings news, CFO Gregory S. Cole sold 2,350 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $24.08, for a total value of $56,588.00. Following the completion of the transaction, the chief financial officer now directly owns 55,158 shares in the company, valued at approximately $1,328,204.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory S. Cole sold 39,357 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $23.37, for a total value of $919,773.09. The disclosure for this sale can be found here. Insiders sold a total of 44,129 shares of company stock valued at $1,033,644 over the last quarter. 5.80% of the stock is currently owned by insiders.

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A number of equities research analysts recently issued reports on the company. ValuEngine lowered K2M Group Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised K2M Group Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Cowen and Company reaffirmed a “buy” rating and issued a $26.00 target price on shares of K2M Group Holdings in a research note on Wednesday, July 19th. William Blair reaffirmed an “outperform” rating on shares of K2M Group Holdings in a research note on Tuesday, October 10th. Finally, BidaskClub lowered K2M Group Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $25.10.

K2M Group Holdings Company Profile

K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine and minimally invasive technologies and techniques. The Company’s solutions are focused on achieving three-dimensional Total Body Balance. Its spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.

Earnings History for K2M Group Holdings (NASDAQ:KTWO)

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