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Medtronic (MDT)
NYSE:MDT
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MDT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$74.66 - $92.68
Previous Close$87.53
Volume7.95M
Average Volume (3M)6.19M
Market Cap
$112.26B
Enterprise Value$132.49B
Total Cash (Recent Filing)$7.84B
Total Debt (Recent Filing)$27.86B
Price to Earnings (P/E)29.4
Beta0.63
Next Earnings
Nov 19, 2024EPS Estimate
$1.25Last Dividend Ex-Date
Sep 27, 2024Dividend Yield3.18%
Share Statistics
EPS (TTM)2.97
Shares Outstanding1,282,490,493
10 Day Avg. Volume6,656,811
30 Day Avg. Volume6,188,673
Standard Deviation0.07
R-Squared0.45
Alpha-0.00892
Financial Highlights & Ratios
Price to Book (P/B)2.34
Price to Sales (P/S)3.39
Price to Cash Flow (P/CF)28.00
P/FCF Ratio45.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.07
Enterprise Value/Gross Profit6.26
Enterprise Value/Ebitda16.00
Forecast
1Y Price Target
$94.37Price Target Upside7.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
Medtronic News
PremiumPre-Earnings
Medtronic (MDT) Q2 Earnings Cheat Sheet
Bulls Say, Bears Say
Bulls Say
Market GrowthMedtronic expects its organic sales growth to accelerate and maintain mid-single-digit revenue growth, resulting in high-single-digit annual EPS growth.
Product InnovationRecent product launches are showing continued momentum, now accounting for about 20% of Medtronic's revenue.
Regulatory ApprovalsFDA approval of its Affera Mapping and Ablation System with the Sphere-9 catheter for persistent AF patients positions MDT as the first focal PFA system on the US market.
Bears Say
Financial PerformanceMedtronic faces challenges such as inflation, higher labor costs, and higher material costs, which have led to a decline in net profits and profit margins.
Market CompetitionThe growing popularity of GLP-1 drugs could significantly impact Medtronic's insulin pump sales, with a risk of losing 50% of its market share.
Research And DevelopmentHigh interest rates may limit Medtronic's research and development capabilities, potentially delaying new product launches that could drive share price growth.
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Ownership Overview
0.07% Insiders
24.92% Mutual Funds
18.61% Other Institutional Investors
36.43% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MDT FAQ
What was Medtronic’s price range in the past 12 months?
Medtronic lowest stock price was $74.66 and its highest was $92.68 in the past 12 months.
What is Medtronic’s market cap?
Currently, no data Available
When is Medtronic’s upcoming earnings report date?
Medtronic’s upcoming earnings report date is Nov 19, 2024 which is tomorrow.
How were Medtronic’s earnings last quarter?
Medtronic released its earnings results on Aug 20, 2024. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.199 by $0.031.
Is Medtronic overvalued?
According to Wall Street analysts Medtronic’s price is currently Undervalued.
Does Medtronic pay dividends?
Medtronic pays a Quarterly dividend of $0.7 which represents an annual dividend yield of 3.18%. See more information on Medtronic dividends here
What is Medtronic’s EPS estimate?
Medtronic’s EPS estimate is $1.25.
How many shares outstanding does Medtronic have?
Medtronic has 1,282,490,500 shares outstanding.
What happened to Medtronic’s price movement after its last earnings report?
Medtronic reported an EPS of $1.23 in its last earnings report, beating expectations of $1.199. Following the earnings report the stock price went up 0.654%.
Which hedge fund is a major shareholder of Medtronic?
Among the largest hedge funds holding Medtronic’s share is First Eagle Investment Management LLC. It holds Medtronic’s shares valued at 738M.
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Medtronic Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$94.37 (7.81% Upside)
$94.37 (7.81% Upside)
Blogger Sentiment
Bullish
MDT Sentiment 94%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 301.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.25%
12-Months-Change
Fundamentals
Return on Equity
7.92%
Trailing 12-Months
Asset Growth
-1.13%
Trailing 12-Months
Company Description
Medtronic
Founded in 1949, Medtronic Plc, a medical technology company, develops, manufactures, distributes, and sells device-based medical therapies and services worldwide. It operates through four segments, including Cardiac and Vascular Group; Minimally Invasive Technologies Group; Restorative Therapies Group; and Diabetes Group. The company is headquartered in Dublin, Ireland.
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MDT Company Deck
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MDT Earnings Call
Q1 2024
0:00 / 0:00
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MDT Net sales Breakdown
36.56% Cardiovascular
29.06% Neuroscience
26.01% Medical Surgical
7.69% Diabetes
0.68% Other operating segment
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MDT Stock 12 Month Forecast
Average Price Target
$94.37
▲(7.81% Upside)
Technical Analysis
Best Analysts Covering MDT
1 Year
1 Year Success Rate
19/22 ratings generated profit
1 Year Average Return
+15.29%
reiterated a buy rating 12 months ago
Copying Kristen Stewart's trades and holding each position for 1 Year would result in 86.36% of your transactions generating a profit, with an average return of +15.29% per trade.
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