Wright Medical Group N.V. (WMGI) Announces Earnings Results

Wright Medical Group N.V. (NASDAQ:WMGI) posted its earnings results on Wednesday. The medical device company reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16), Briefing.com reports. The firm had revenue of $170.50 million during the quarter, compared to analyst estimates of $173.50 million. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.22%. Wright Medical Group N.V.’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) EPS. Wright Medical Group N.V. updated its FY17 guidance to ($0.24)-($0.28) EPS.

A number of research firms have issued reports on WMGI. Jefferies Group LLC reissued a “buy” rating and set a $33.00 target price on shares of Wright Medical Group N.V. in a research note on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and set a $33.00 target price on shares of Wright Medical Group N.V. in a research note on Friday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $31.00 price target on shares of Wright Medical Group N.V. in a research note on Tuesday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Wright Medical Group N.V. in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Wright Medical Group N.V. has a consensus rating of “Buy” and an average target price of $32.20.

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Wright Medical Group N.V. Company Profile

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 for Wright Medical Group N.V. (NASDAQ:WMGI)

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