Analysts Anticipate Masimo Co. (MASI) to Announce $0.61 Earnings Per Share

Wall Street brokerages expect Masimo Co. (NASDAQ:MASI) to announce earnings of $0.61 per share for the current quarter, according to Zacks. Four analysts have made estimates for Masimo’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.62. Masimo reported earnings of $0.51 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 19.6%. The firm is expected to report its next earnings report on Tuesday, February 13th.

On average, analysts expect that Masimo will report full-year earnings of $2.95 per share for the current financial year, with EPS estimates ranging from $2.95 to $2.96. For the next financial year, analysts expect that the company will post earnings of $2.60 per share, with EPS estimates ranging from $2.48 to $2.75. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Masimo.

Masimo (NASDAQ:MASI) last issued its earnings results on Tuesday, October 31st. The medical equipment provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.53 by $0.17. The firm had revenue of $193.69 million during the quarter, compared to analysts’ expectations of $189.01 million. Masimo had a return on equity of 22.17% and a net margin of 45.83%. Masimo’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share.

Several research analysts recently commented on the company. BidaskClub cut Masimo from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research lowered Masimo from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $108.00 price objective on shares of Masimo in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Masimo presently has a consensus rating of “Hold” and an average target price of $97.17.

In other news, EVP Yongsam Lee sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $89.89, for a total value of $449,450.00. Following the completion of the sale, the executive vice president now directly owns 74,000 shares in the company, valued at $6,651,860. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven Barker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the completion of the sale, the director now owns 73,249 shares of the company’s stock, valued at $6,592,410. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,074 shares of company stock valued at $4,737,245. 16.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in MASI. DekaBank Deutsche Girozentrale increased its position in Masimo by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,106 shares of the medical equipment provider’s stock worth $182,000 after purchasing an additional 925 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Masimo by 13.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the medical equipment provider’s stock worth $184,000 after purchasing an additional 236 shares during the period. Advisor Group Inc. increased its position in Masimo by 38.4% in the second quarter. Advisor Group Inc. now owns 2,361 shares of the medical equipment provider’s stock worth $216,000 after purchasing an additional 655 shares during the period. Intellectus Partners LLC acquired a new stake in Masimo in the second quarter worth about $237,000. Finally, Shelton Capital Management bought a new position in Masimo during the second quarter worth about $269,000. Hedge funds and other institutional investors own 83.69% of the company’s stock.

Shares of Masimo (NASDAQ MASI) traded down $0.03 during mid-day trading on Thursday, reaching $87.27. The company had a trading volume of 268,600 shares, compared to its average volume of 600,467. The company has a market capitalization of $4,510.89, a PE ratio of 33.45, a P/E/G ratio of 2.94 and a beta of 0.72. Masimo has a 52-week low of $66.79 and a 52-week high of $104.71.

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About Masimo

Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.

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Earnings History and Estimates for Masimo (NASDAQ:MASI)

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