Analysts expect OrthoPediatrics Corp. (NASDAQ:KIDS) to announce $25.06 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for OrthoPediatrics' earnings, with the highest sales estimate coming in at $25.61 million and the lowest estimate coming in at $24.76 million. OrthoPediatrics reported sales of $18.92 million in the same quarter last year, which indicates a positive year-over-year growth rate of 32.5%. The company is scheduled to report its next earnings report on Wednesday, March 9th.
According to Zacks, analysts expect that OrthoPediatrics will report full year sales of $98.28 million for the current fiscal year, with estimates ranging from $97.99 million to $98.84 million. For the next financial year, analysts anticipate that the firm will report sales of $121.03 million, with estimates ranging from $118.84 million to $125.20 million. Zacks Investment Research's sales calculations are an average based on a survey of sell-side analysts that that provide coverage for OrthoPediatrics.
OrthoPediatrics (NASDAQ:KIDS) last posted its earnings results on Wednesday, November 3rd. The company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.28) by $0.13. The company had revenue of $25.08 million for the quarter. OrthoPediatrics had a negative net margin of 32.93% and a negative return on equity of 7.10%.
KIDS has been the subject of several research analyst reports. Truist Securities reduced their target price on shares of OrthoPediatrics from $78.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, December 21st. Zacks Investment Research cut shares of OrthoPediatrics from a "buy" rating to a "hold" rating in a research report on Wednesday, October 6th. Finally, BTIG Research dropped their target price on shares of OrthoPediatrics from $75.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, December 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $75.14.
Shares of KIDS stock opened at $59.86 on Friday. OrthoPediatrics has a 1 year low of $38.83 and a 1 year high of $73.91. The firm's fifty day moving average price is $61.78 and its two-hundred day moving average price is $63.55. The firm has a market capitalization of $1.18 billion, a P/E ratio of -38.13 and a beta of 0.77.
In other news, major shareholder Jennifer N. Pritzker acquired 1,000 shares of the business's stock in a transaction dated Thursday, December 9th. The stock was bought at an average cost of $60.42 per share, for a total transaction of $60,420.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 30.30% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its stake in OrthoPediatrics by 1.7% in the second quarter. Stifel Financial Corp now owns 10,740 shares of the company's stock valued at $679,000 after purchasing an additional 180 shares in the last quarter. UBS Group AG raised its stake in OrthoPediatrics by 106.4% in the third quarter. UBS Group AG now owns 421 shares of the company's stock valued at $28,000 after purchasing an additional 217 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in OrthoPediatrics by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,993 shares of the company's stock valued at $505,000 after purchasing an additional 227 shares in the last quarter. Tudor Investment Corp Et Al raised its stake in OrthoPediatrics by 2.2% in the third quarter. Tudor Investment Corp Et Al now owns 10,522 shares of the company's stock valued at $689,000 after purchasing an additional 230 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in OrthoPediatrics by 8.3% in the second quarter. SG Americas Securities LLC now owns 3,088 shares of the company's stock valued at $195,000 after purchasing an additional 236 shares in the last quarter. Institutional investors own 76.34% of the company's stock.
OrthoPediatrics Corp. is a medical device company, which engages in the design, development, and marketing of anatomically appropriate implants and devices for children with orthopedic conditions. Its products includes PediLoc, PediPlates, Cannulated Screws, PediFlexTM nail, PediNailTM, PediLoc Tibia, ACL Reconstruction System, Locking Cannulated Blade, Locking Proximal Femur, RESPONSE Spine, Bandloc and Pediguard.
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