All Posts Tagged With: "WMGI"
(MDT) MedTech Industry Stock Outlook – March 2012 – Zacks Analyst Interviews
Last year proved to be challenging for medical technology (“MedTech”) stocks given the exigent economic conditions and the precarious healthcare environment. The performance of incumbent players was hamstrung by several macro issues, including sustained price and procedure...
(MDT) MedTech Industry Stock Outlook – March 2012 – Industry Outlook
Last year proved to be challenging for medical technology (“MedTech”) stocks given the exigent economic conditions and the precarious healthcare environment. The performance of incumbent players was hamstrung by several macro issues, including sustained price and procedure...
(MDT) Medical Technology Industry Stock Outlook – November 2011 – Industry Outlook
The performance of incumbent players in the MedTech industry continued to be hamstrung by a spate of macro issues (including sustained price and procedure volume pressures) in the September quarter. The prevailing macroeconomic factors, pricing headwinds, austerity measures,...
(SYK) Stryker Third Quarter 2011 Earnings Scorecard
Orthopedic devices giant Stryker Corporation’s (SYK) third-quarter 2011 adjusted (excluding acquisition charges) earnings per share of 91 cents topped the Zacks Consensus Estimate of 89 cents and the year-ago...
(WMGI) Wright Medical Group Gets a New CEO
International orthopedic devices company Wright Medical Group (WMGI) recently reported that its Board of Directors chose Mr. Robert J. Palmisano as President and CEO, starting from September 17, 2011. Mr....
(WMGI) Wright Medical Group to Restructure
International orthopedic devices company Wright Medical Group (WMGI) recently reported that it is exercising a cost restructuring initiative to improve profitability, promote growth and strengthen cash...
(MDT) Medical Devices Stock Outlook – Sept. 2011 – Industry Outlook
June quarter results mostly mirror the preceding quarter as a host of macro headwinds (including price and procedure volume pressures) continued to haunt the MedTech industry and weighed on the performance of the incumbent players. Although a number of these issues are expected...
(MDT) Medical Devices Stock Outlook – June 2011 – Industry Outlook
A host of macro headwinds (including price and procedure volume pressure) which hit the MedTech industry last year continued to haunt the sector during the March quarter and encumber growth. Although a number of these issues are expected to linger through the remainder of...
(WMGI) Wright Medical Group Beats Expectations – Swings to Black
Orthopedic devices maker, Wright Medical Group (WMGI) reported first-quarter fiscal 2011 (excluding one-time items other than stock-based compensation expense) earnings per share of 19 cents, narrowly beating...
(MDT) Medical Devices Industry Outlook – April 2011 – Industry Outlook
Last year was challenging for medical device companies given the exigent economic conditions and an uncertain healthcare environment. The MedTech industry was hit by several macro headwinds in 2010 including price/volume and utilization pressure and a more restrictive regulatory...
(WMGI) Wright Medical Group Earnings Inch Past Estimates
Orthopedic devices maker, Wright Medical Group (WMGI) reported fourth-quarter and fiscal 2010 adjusted (excluding one-time items) earnings per share of 22 cents and 68 cents, narrowly beating the Zacks Consensus...
(WMGI) Wright Medical Group Analyst Maintains Shares at Neutral
We reaffirm our Neutral recommendation on Wright Medical Group (WMGI). Both revenues and earnings for third-quarter 2010 missed the Zacks Consensus Estimates. Sales were adversely affected by a slowdown in...
(MDT) Medical Devices Industry Outlook December 2010 – Industry Outlook
Industry Dynamics
The global medical devices industry is fairly large, intensely competitive and highly innovative with 2009 worldwide sales in excess of $220 billion. The U.S. accounts for approximately 41% of this market. The industry is divided into...
(SYK) Stryker Third Quarter 2010 Earnings Preview
Orthopedic devices major Stryker Corporation (SYK) is slated to release its third-quarter fiscal 2010 results on Tuesday, October 19, 2010. Although the company has not released any official guidance...
(SYK) Stryker Resolves FDA Warning Letters
Stryker Corporation (SYK) recently resolved two warning letters issued by the U.S. Food and Drug Administration (FDA). The FDA has given a clean certificate to Stryker after it found that...
(MDT) Medical Devices Stock Review – May 2010 – Industry Outlook
The global medical devices industry is fairly large, with annual worldwide sales in 2009 in excess of $220 billion. The U.S. accounts for approximately 41% of this market. The industry is divided into different categories such as Cardiology, Oncology, Neuro, Orthopedic, Aesthetic...
(WMGI) Wright Medical Group Earnings Outperform
Wright Medical Group, Inc. (WMGI) reported first quarter fiscal 2010 earnings per share of 21 cents, outperforming the Zacks Consensus Estimate of 15 cents and the year-ago earnings of 20 cents.
Sales
Total...
(ZMH) Zimmer Holdings’ Earnings Outperform by a Penny
Zimmer Holdings, Inc. (ZMH) reported first quarter fiscal 2010 earnings per share of $1.02, beating the Zacks Consensus Estimate of $1.01 and the year-ago earnings of 95 cents.
Sales
Total...
(SYK) Stryker Beats Consensus Estimate
Stryker Corporation (SYK) reported results for the first quarter of fiscal 2010. Earnings per share were 80 cents, surpassing the Zacks Consensus Estimate of 78 cents and the year-ago earnings of 71 cents.
Sales
(SYK) Stryker Analyst Maintains Stock at Neutral
We recently assigned a ‘Neutral’ rating to Stryker Corporation (SYK) with a target price of $60 based on a P/E of 18.4x our fiscal 2010 EPS estimate of $3.26.
Stryker reported fourth quarter earnings...
(ZMH) Zimmer Holdings Analyst Upgrades to Neutral
We recently upped Zimmer Holdings, Inc. (ZMH) to ‘Neutral’ with a target price of $61 based on a P/E of roughly 14.3x our fiscal 2010 EPS estimate of $4.27. Our decision on upgrading the stock was based...
(WMGI) Wright Medical Group Remains Neutral
We recently reiterated our ‘Neutral’ recommendation on Wright Medical Group, Inc. (WMGI) with a target price of $17.50 based on a P/E of 25.4 our fiscal 2010 EPS estimate of 69 cents. The company’s...
(SYK) Stryker Corporation Gets Good News From FDA
Stryker Corporation (SYK) recently received a clean bill from the U.S. Food and Drug Administration (FDA), the latter declaring that the actions undertaken by the company to address the issues raised in a...
(IART) Integra LifeSciences Holdings Launches New Product
Integra LifeSciences Holdings Corp. (IART) recently launched a new product in the U.S., Integra Total Wrist Fusion System, a solution for wrist arthrodesis that is designed to provide fixation of the wrist...
(MDRX) Medical Devices Stock Review – Feburary 2010 – Industry Outlook
The global medical devices industry is fairly large, with annual worldwide sales in excess of $200 billion. The U.S. accounts for approximately 41% of this market. The industry is divided into different categories such as Cardiology, Oncology, Neuro, Orthopedic, Aesthetic...
(SYK) Stryker Corporation Reports Preliminary Results
Stryker Corporation (SYK) reported preliminary revenue results for the fourth quarter and full fiscal 2009. For the fourth quarter, net sales were $1,834 million, an increase of 6.8% year over year. Excluding...
(SYK) Stryker Completes Acquisition of Ascent Healthcare Solutions
Stryker Corporation (SYK) recently completed the acquisition of Ascent Healthcare Solutions, the market leader in the reprocessing and remanufacturing of medical devices in the U.S. The acquisition will be...
(WMGI) Wright Medical Group Sees Operations Relocation Costs
Wright Medical Group, Inc. (WMGI) reported that it will incur a relocation cost of as much as $4 million for relocating its French distribution and supply operations to its European headquarters in Amsterdam....
(IART) Integra LifeSciences Holdings Earns New Contract
Integra LifeSciences Holdings Corporation (IART) recently announced that it has signed a new three-year contract with Premier Purchasing Partners, LP, whereby the private firm has selected Integra as a contracted...
(IART) Integra LifeSciences Holdings Enters into New Contract
Integra LifeSciences Holdings Corp. (IART) recently entered into a new three year contract with Premier Purchasing Partners, LLP for Luxtec surgical headlights, light sources and accessories. Integra is a...