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Masimo Co. (MASI) Updates FY17 Earnings Guidance – Momentous News
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Masimo Co. (MASI) Updates FY17 Earnings Guidance

Masimo logoMasimo Co. (NASDAQ:MASI) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $2.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.33. The company issued revenue guidance of $759 million, compared to the consensus revenue estimate of $753.06 million.

A number of research analysts recently issued reports on MASI shares. Wedbush reaffirmed an outperform rating and set a $100.00 target price on shares of Masimo in a report on Tuesday, April 4th. Zacks Investment Research raised Masimo from a hold rating to a buy rating and set a $85.00 target price on the stock in a report on Tuesday, February 14th. Raymond James Financial, Inc. lowered Masimo from an outperform rating to a market perform rating in a report on Monday, February 13th. Piper Jaffray Companies lowered Masimo from an overweight rating to a neutral rating in a report on Thursday, March 16th. Finally, Citigroup Inc lowered Masimo to a market perform rating and set a $60.00 target price on the stock. in a report on Monday, February 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Masimo presently has a consensus rating of Hold and an average price target of $75.00.

Earnings History and Estimates for Masimo (NASDAQ:MASI)

Masimo Co. (NASDAQ:MASI) traded down 0.35% during trading on Friday, hitting $84.83. The company had a trading volume of 400,216 shares. The firm has a 50-day moving average of $94.48 and a 200 day moving average of $77.83. Masimo Co. has a 12-month low of $46.08 and a 12-month high of $104.71. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 14.40 and a beta of 0.98.

Masimo (NASDAQ:MASI) last released its quarterly earnings results on Wednesday, May 3rd. The medical equipment provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. The business had revenue of $186.30 million during the quarter, compared to the consensus estimate of $184.14 million. Masimo had a return on equity of 29.42% and a net margin of 16.31%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. On average, equities research analysts forecast that Masimo Co. will post $2.59 earnings per share for the current year.

In other Masimo news, EVP Thomas Samuel Mcclenahan sold 8,000 shares of Masimo stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $102.75, for a total transaction of $822,000.00. Following the completion of the transaction, the executive vice president now owns 2,000 shares in the company, valued at approximately $205,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joe E. Kiani sold 145,841 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $102.37, for a total value of $14,929,743.17. Following the completion of the transaction, the chief executive officer now owns 165,082 shares in the company, valued at approximately $16,899,444.34. The disclosure for this sale can be found here. Insiders have sold a total of 1,000,312 shares of company stock valued at $92,164,958 in the last quarter. Company insiders own 16.60% of the company’s stock.

WARNING: “Masimo Co. (MASI) Updates FY17 Earnings Guidance” was originally reported by Markets Daily and is the property of of Markets Daily. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/05/13/masimo-co-masi-releases-fy17-earnings-guidance-updated.html.

Masimo Company Profile

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.

5 Day Chart for NASDAQ:MASI

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