AtriCure, Inc. provides atrial fibrillation solutions to medical centers in the United States and internationally. The company offers Isolator Synergy and Isolator Synergy Access clamps for the treatment of persistent and long-standing persistent atrial fibrillation concomitant to other open-heart surgical procedures; COBRA Fusion surgical ablation system to combine bipolar temperature-controlled radio frequency energy control with monopolar energy; and EPi-Sense guided coagulation system used for the temporary cardiac signal sensing and recording during surgery. It also provides SUBTLE cannula, an access device and conduit for the ablation device and endoscope to enable a closed chest endoscopic approach; multifunctional pens that allow surgeons to evaluate cardiac arrhythmias, perform temporary cardiac pacing, sensing, and stimulation and ablate cardiac tissue with the same device; and linear ablation devices, which enable physicians to create an expanded cardiac ablation lesion set. In addition, the company offers cryoICE cryoablation system used to ablate cardiac tissue for the treatment of cardiac arrhythmias; AtriClip system used to occlude the left atrial appendage by mechanically clamping the appendage; and CryoICE CRYO2 cryoablation system to apply cryo-energy to targeted intercostal peripheral nerves in the ribcage and temporarily relieve pain. Further, it provides Lumitip dissector to separate tissues to provide access to key anatomical structures that are targeted for ablation; Fusion Magnetic Retriever System that allows access around anatomical structures; and cardiac surgery instruments, which are used during surgical procedures for repair or replacement of certain heart valves. AtriCure sells its products through independent distributors and direct sales personnel. The company was founded in 2000 and is headquartered in Mason, Ohio.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
Current SymbolNASDAQ:ATRC
Previous Symbol
CUSIP04963C20
Phone513-755-4100
Debt
Debt-to-Equity Ratio0.31
Current Ratio2.62
Quick Ratio1.96
Price-To-Earnings
Trailing P/E Ratio-34.82
Forward P/E Ratio-31.76
P/E GrowthN/A
Sales & Book Value
Annual Sales$174.72 million
Price / Sales6.37
Cash FlowN/A
Price / Cash FlowN/A
Book Value$4.67 per share
Price / Book6.19
Profitability
EPS (Most Recent Fiscal Year)($0.83)
Net Income$-26,890,000.00
Net Margins-10.41%
Return on Equity-16.92%
Return on Assets-9.99%
Miscellaneous
Employees570
Outstanding Shares38,530,000
Market Cap$1.14 billion
OptionableOptionable
AtriCure (NASDAQ:ATRC) Frequently Asked Questions
What is AtriCure's stock symbol?
AtriCure trades on the NASDAQ under the ticker symbol "ATRC."
How were AtriCure's earnings last quarter?
AtriCure Inc. (NASDAQ:ATRC) posted its quarterly earnings data on Thursday, November, 1st. The medical device company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.22) by $0.02. The medical device company had revenue of $49.90 million for the quarter, compared to the consensus estimate of $49.90 million. AtriCure had a negative return on equity of 16.92% and a negative net margin of 10.41%. AtriCure's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.22) earnings per share. View AtriCure's Earnings History.
When is AtriCure's next earnings date?
What guidance has AtriCure issued on next quarter's earnings?
AtriCure updated its FY18 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of ($0.74)-($0.69) for the period, compared to the Thomson Reuters consensus estimate of ($0.80). The company issued revenue guidance of $198-201 million, compared to the consensus revenue estimate of $197.91 million.
What price target have analysts set for ATRC?
5 analysts have issued 12-month target prices for AtriCure's shares. Their forecasts range from $30.00 to $40.00. On average, they expect AtriCure's share price to reach $35.75 in the next year. This suggests a possible upside of 23.7% from the stock's current price. View Analyst Price Targets for AtriCure.
What is the consensus analysts' recommendation for AtriCure?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AtriCure in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for AtriCure.
What are Wall Street analysts saying about AtriCure stock?
Here are some recent quotes from research analysts about AtriCure stock:
- 1. According to Zacks Investment Research, "AtriCure, Inc. is a medical device company focused on developing, manufacturing and selling innovative surgical devices to create precise lesions, or scars, in soft tissues. Medical journals have described the adoption by leading cardiothoracic surgeons of the AtriCure, Inc. bipolar ablation system as a standard treatment alternative during open-heart surgical procedures to safely, rapidly and reliably create lesions in cardiac, or heart, tissue to block the abnormal electrical impulses that cause atrial fibrillation, a quivering of the upper chambers of the heart. " (12/18/2018)
- 2. Needham & Company LLC analysts commented, "On 10/3/18, ATRC preannounced 3Q18 revenue that was above consensus as 3Q18 revenue accelerated to 18.6% from 13.5% in 2Q18. We note that ATRC had an easy comp due to last year’s hurricanes; management estimates revenue growth was ~16% adjusting for this. Management raised its 2018 revenue guidance but lowered its adjusted EBITDA guidance. Excluding certain items, gross margin declined Y/Y by 40 bps while operating margin improved Y/Y by 360 bps. We believe recent society guidelines, new products, and surgeon training activities should drive strong growth in the near-term and that CONVERGE could be a significant longer- term tailwind and we reiterate our Buy rating." (11/2/2018)
Has AtriCure been receiving favorable news coverage?
News coverage about ATRC stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. AtriCure earned a daily sentiment score of 1.9 on InfoTrie's scale. They also gave media coverage about the medical device company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
Who are some of AtriCure's key competitors?
Some companies that are related to AtriCure include ICU Medical (ICUI), Globus Medical (GMED), Penumbra (PEN), Integra Lifesciences (IART), Novocure (NVCR), Cantel Medical (CMD), Merit Medical Systems (MMSI), NuVasive (NUVA), Glaukos (GKOS), Tandem Diabetes Care (TNDM), Irhythm Technologies (IRTC), Mazor Robotics (MZOR), Atrion (ATRI), K2M Group (KTWO) and Nevro (NVRO).
Who are AtriCure's key executives?
AtriCure's management team includes the folowing people:
- Mr. Michael H. Carrel, CEO, Pres & Director (Age 47)
- Mr. M. Andrew Wade CPA, Sr. VP & CFO (Age 43)
- Mr. Douglas J. Seith, Chief Operating Officer (Age 52)
- Mr. Salvatore Privitera, Chief Technology Officer (Age 51)
- Mr. Justin J. Noznesky, Sr. VP of Marketing & Bus. Devel. (Age 40)
Who are AtriCure's major shareholders?
AtriCure's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (13.77%), BlackRock Inc. (7.16%), Vanguard Group Inc. (4.12%), Vanguard Group Inc (4.12%), First Light Asset Management LLC (2.52%) and Loomis Sayles & Co. L P (2.37%). Company insiders that own AtriCure stock include Andrew L Lux, B Kristine Johnson, Elizabeth D Krell, Justin J Noznesky, M Andrew Wade, Mark A Collar and Regina E Groves. View Institutional Ownership Trends for AtriCure.
Which institutional investors are selling AtriCure stock?
ATRC stock was sold by a variety of institutional investors in the last quarter, including First Light Asset Management LLC, Peregrine Capital Management LLC, Morgan Stanley, Renaissance Technologies LLC, BlackRock Inc., Macquarie Group Ltd., Neuberger Berman Group LLC and Emerald Advisers Inc. PA. Company insiders that have sold AtriCure company stock in the last year include Elizabeth D Krell, Justin J Noznesky and Mark A Collar. View Insider Buying and Selling for AtriCure.
Which institutional investors are buying AtriCure stock?
ATRC stock was acquired by a variety of institutional investors in the last quarter, including Fosun International Ltd, GW&K Investment Management LLC, Point72 Asset Management L.P., Man Group plc, Prudential Financial Inc., Assenagon Asset Management S.A., Vanguard Group Inc and Vanguard Group Inc.. Company insiders that have bought AtriCure stock in the last two years include B Kristine Johnson and Regina E Groves. View Insider Buying and Selling for AtriCure.
How do I buy shares of AtriCure?
Shares of ATRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is AtriCure's stock price today?
One share of ATRC stock can currently be purchased for approximately $28.90.
How big of a company is AtriCure?
AtriCure has a market capitalization of $1.14 billion and generates $174.72 million in revenue each year. The medical device company earns $-26,890,000.00 in net income (profit) each year or ($0.83) on an earnings per share basis. AtriCure employs 570 workers across the globe.
What is AtriCure's official website?
How can I contact AtriCure?
AtriCure's mailing address is 7555 INNOVATION WAY, MASON OH, 45040. The medical device company can be reached via phone at 513-755-4100.
MarketBeat Community Rating for AtriCure (NASDAQ ATRC)
MarketBeat's community ratings are surveys of what our community members think about AtriCure and other stocks. Vote "Outperform" if you believe ATRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ATRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
