Merit Medical Systems (NASDAQ:MMSI) will be issuing its quarterly earnings data after the market closes on Monday, February 19th. Analysts expect the company to announce earnings of $0.32 per share for the quarter.
Shares of Merit Medical Systems (MMSI) opened at $45.70 on Friday. Merit Medical Systems has a 1 year low of $27.65 and a 1 year high of $48.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.78. The stock has a market capitalization of $2,253.93, a PE ratio of 74.92, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29.
MMSI has been the subject of a number of research reports. Zacks Investment Research raised Merit Medical Systems from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Saturday, October 28th. Canaccord Genuity boosted their price target on Merit Medical Systems from $45.00 to $47.50 and gave the company a “buy” rating in a research report on Thursday, October 26th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $51.00 target price (up previously from $46.00) on shares of Merit Medical Systems in a research report on Thursday, November 30th. ValuEngine raised Merit Medical Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, SunTrust Banks set a $47.00 target price on Merit Medical Systems and gave the stock a “buy” rating in a research report on Thursday, November 16th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $43.77.
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Merit Medical Systems Company Profile
Merit Medical Systems, Inc is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company operates in two segments: cardiovascular and endoscopy. The cardiovascular segment consists of cardiology and radiology devices, which assist in diagnosing and treating coronary arterial disease, peripheral vascular disease and other non-vascular diseases, and includes embolotherapeutic, cardiac rhythm management (CRM), electrophysiology (EP), and interventional oncology and spine devices.
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