Research Analysts Offer Predictions for Stryker Corporation’s FY2017 Earnings (SYK)

Stryker Corporation (NYSE:SYK) – Research analysts at Gabelli cut their FY2017 earnings estimates for shares of Stryker Corporation in a note issued to investors on Monday. Gabelli analyst J. Tsai now forecasts that the medical technology company will post earnings of $6.45 per share for the year, down from their prior estimate of $6.50. Gabelli also issued estimates for Stryker Corporation’s FY2020 earnings at $8.60 EPS.

SYK has been the subject of several other research reports. Piper Jaffray Companies reiterated an “overweight” rating and issued a $148.00 target price on shares of Stryker Corporation in a research note on Thursday, August 24th. Needham & Company LLC raised shares of Stryker Corporation from an “underperform” rating to a “hold” rating in a research note on Friday, August 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $160.00 price objective (up previously from $155.00) on shares of Stryker Corporation in a research note on Monday, July 10th. Zacks Investment Research raised shares of Stryker Corporation from a “hold” rating to a “buy” rating and set a $163.00 price objective for the company in a research note on Monday, July 17th. Finally, BidaskClub cut shares of Stryker Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $151.52.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/11/01/research-analysts-offer-predictions-for-stryker-corporations-fy2017-earnings-syk.html.

Shares of Stryker Corporation (SYK) opened at 154.87 on Wednesday. The company has a market cap of $57.93 billion, a P/E ratio of 34.57 and a beta of 0.80. Stryker Corporation has a one year low of $106.48 and a one year high of $160.62. The stock’s 50 day moving average is $146.25 and its 200-day moving average is $142.26.

Stryker Corporation (NYSE:SYK) last announced its earnings results on Thursday, October 26th. The medical technology company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.02. Stryker Corporation had a net margin of 14.67% and a return on equity of 24.11%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The business’s revenue was up 6.1% compared to the same quarter last year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC bought a new stake in shares of Stryker Corporation in the 2nd quarter worth approximately $111,000. Motco lifted its holdings in shares of Stryker Corporation by 50.7% in the 2nd quarter. Motco now owns 826 shares of the medical technology company’s stock worth $115,000 after acquiring an additional 278 shares during the last quarter. Bollard Group LLC lifted its holdings in shares of Stryker Corporation by 0.4% in the 2nd quarter. Bollard Group LLC now owns 832 shares of the medical technology company’s stock worth $115,000 after acquiring an additional 3 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in shares of Stryker Corporation in the 2nd quarter worth approximately $150,000. Finally, James Investment Research Inc. bought a new stake in shares of Stryker Corporation in the 2nd quarter worth approximately $155,000. Hedge funds and other institutional investors own 74.00% of the company’s stock.

In other news, insider Lonny J. Carpenter sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $146.36, for a total value of $731,800.00. Following the completion of the sale, the insider now directly owns 88,207 shares in the company, valued at approximately $12,909,976.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Graham A. Mclean sold 1,124 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $146.26, for a total transaction of $164,396.24. Following the completion of the sale, the insider now owns 8,983 shares of the company’s stock, valued at $1,313,853.58. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.10%. Stryker Corporation’s payout ratio is 36.32%.

Stryker Corporation Company Profile

Stryker Corporation is a medical technology company. The Company offers a range of medical technologies, including orthopedic, medical and surgical, and neurotechnology and spine products. The Company’s segments include Orthopaedics; MedSurg; Neurotechnology and Spine, and Corporate and Other. The Orthopaedics segment includes reconstructive (hip and knee) and trauma implant systems and other related products.

Earnings History and Estimates for Stryker Corporation (NYSE:SYK)

What are top analysts saying about Stryker Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Stryker Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit