Intuitive Surgical (ISRG) Scheduled to Post Earnings on Thursday

Intuitive Surgical (NASDAQ:ISRG) will release its earnings data after the market closes on Thursday, July 18th. Analysts expect Intuitive Surgical to post earnings of $2.23 per share for the quarter.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 EPS for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.09). The firm had revenue of $974.00 million during the quarter, compared to the consensus estimate of $975.27 million. Intuitive Surgical had a return on equity of 17.33% and a net margin of 29.78%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.44 earnings per share. On average, analysts expect Intuitive Surgical to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Shares of Intuitive Surgical stock opened at $515.56 on Wednesday. The company has a market capitalization of $60.91 billion, a P/E ratio of 54.33, a PEG ratio of 4.59 and a beta of 1.08. The business has a 50-day moving average price of $510.72. Intuitive Surgical has a one year low of $430.24 and a one year high of $589.32.

A number of brokerages have commented on ISRG. Canaccord Genuity began coverage on shares of Zynerba Pharmaceuticals in a report on Monday, April 22nd. They issued a “buy” rating and a $8.09 target price for the company. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Piper Jaffray Companies reduced their target price on shares of Pure Storage from $25.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, May 22nd. BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a report on Sunday, April 21st. Finally, Zacks Investment Research downgraded shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $577.88.

In related news, EVP Curet Myriam sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $493.26, for a total value of $1,085,172.00. Following the sale, the executive vice president now owns 3,101 shares in the company, valued at $1,529,599.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary S. Guthart sold 22,636 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $501.48, for a total value of $11,351,501.28. Following the completion of the sale, the chief executive officer now owns 386,866 shares in the company, valued at approximately $194,005,561.68. The disclosure for this sale can be found here. Insiders have sold 27,621 shares of company stock worth $13,828,454 in the last 90 days. Insiders own 1.70% of the company’s stock.

About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

See Also: Price to Earnings Ratio (PE) Basics

Earnings History for Intuitive Surgical (NASDAQ:ISRG)

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