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Merit Medical Systems (MMSI)
NASDAQ:MMSI
Merit Medical Systems (MMSI) Stock Price & Analysis
241 Followers
MMSI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$62.58 - $86.44
Previous Close$85.64
Volume409.00K
Average Volume (3M)363.92K
Market Cap
$4.98B
Enterprise Value$5.28B
Total Cash (Recent Filing)$587.04M
Total Debt (Recent Filing)$891.36M
Price to Earnings (P/E)49.1
Beta0.73
Next Earnings
Aug 01, 2024EPS Estimate
$0.87Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.74
Shares Outstanding58,105,654
10 Day Avg. Volume371,751
30 Day Avg. Volume363,919
Standard Deviation0.12
R-Squared0.16
Alpha0.00342
Financial Highlights & Ratios
Price to Book (P/B)9.67
Price to Sales (P/S)14.72
Price to Cash Flow (P/CF)19.20
P/FCF Ratio20.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.20
Enterprise Value/Gross Profit9.04
Enterprise Value/Ebitda31.64
Forecast
1Y Price Target
$96.38Price Target Upside11.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Merit Medical Systems News
PremiumCompany Announcements
Merit Medical Systems Expands with Strategic Gastroesophageal Acquisition
PremiumPress Releases
Merit Medical Launches basixSKY™ Inflation DeviceBulls Say, Bears Say
Bulls Say
Acquisition ImpactThe acquisition will expand its footprint in the endoscopy market.
Financial PerformanceMMSI increased revenue guidance to $1.324-1.340B vs. prior $1.312-1.325B.
Market OpportunitiesWrapsody addresses a +$800M US opportunity ($250M immediate market) that could add ~100-150bps of top-line growth upside.
Bears Say
EarningsThe deal is expected to be dilutive to 2024 EPS due to lower interest income.
Operating MarginManagement expects the deal to be dilutive to MMSI's 2024 operating margin and earnings per share.
Revenue GuidanceMMSI also reaffirmed its prior revenue guidance excluding the acquisition, but lowered its 2024 non-GAAP EPS to account for the deal.
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Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
MMSI FAQ
What was Merit Medical Systems’s price range in the past 12 months?
Merit Medical Systems lowest stock price was $62.58 and its highest was $86.44 in the past 12 months.
What is Merit Medical Systems’s market cap?
Currently, no data Available
When is Merit Medical Systems’s upcoming earnings report date?
Merit Medical Systems’s upcoming earnings report date is Aug 01, 2024 which is in 29 days.
How were Merit Medical Systems’s earnings last quarter?
Merit Medical Systems released its earnings results on Apr 30, 2024. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.714 by $0.056.
Is Merit Medical Systems overvalued?
According to Wall Street analysts Merit Medical Systems’s price is currently Undervalued.
Does Merit Medical Systems pay dividends?
Merit Medical Systems does not currently pay dividends.
What is Merit Medical Systems’s EPS estimate?
Merit Medical Systems’s EPS estimate is $0.87.
How many shares outstanding does Merit Medical Systems have?
Merit Medical Systems has 58,105,656 shares outstanding.
What happened to Merit Medical Systems’s price movement after its last earnings report?
Merit Medical Systems reported an EPS of $0.77 in its last earnings report, beating expectations of $0.714. Following the earnings report the stock price went up 3.414%.
Which hedge fund is a major shareholder of Merit Medical Systems?
Among the largest hedge funds holding Merit Medical Systems’s share is Fisher Asset Management LLC. It holds Merit Medical Systems’s shares valued at 16M.
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Merit Medical Systems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$96.38 (11.42% Upside)
$96.38 (11.42% Upside)
Blogger Sentiment
Bullish
MMSI Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 130.8K Shares
Last Quarter.
Last Quarter.
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
2.39%
12-Months-Change
Fundamentals
Return on Equity
8.45%
Trailing 12-Months
Asset Growth
38.14%
Trailing 12-Months
Company Description
Merit Medical Systems
Merit Medical Systems, Inc. engages in the manufacture and market of proprietary disposable medical devices. It operates through Cardiovascular and Endoscopy segments. The Cardiovascular segment consists of peripheral intervention, cardiac intervention, interventional oncology and spine, and cardiovascular and critical care product groups. The Endoscopy segment integrates advanced non-vascular stent technology with balloon dilators, inflation devices, guide wires, procedure kits, and other devices that are used by gastroenterologists, endoscopists, pulmonologists, and thoracic and general surgeons. The company was founded by Fred P. Lampropoulos, Darla Gill, Kent W. Stanger and William Padilla in July 1987 and is headquartered in South Jordan, UT.
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MMSI Company Deck
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MMSI Earnings Call
Q1 2024
0:00 / 0:00
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MMSI Stock 12 Month Forecast
Average Price Target
$96.38
▲(11.42% Upside)
Technical Analysis
Best Analysts Covering MMSI
1 Year
1 Year Success Rate
13/15 ratings generated profit
1 Year Average Return
+11.76%
reiterated a buy rating 15 days ago
Copying Jason Bednar's trades and holding each position for 1 Year would result in 86.67% of your transactions generating a profit, with an average return of +11.76% per trade.
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