NASDAQ:CNMD - CONMED Stock Price, News, & Analysis

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$77.71 +0.40 (+0.52 %)
(As of 08/20/2018 02:42 AM ET)
Previous Close$77.71
Today's Range$77.00 - $77.96
52-Week Range$48.03 - $83.49
Volume114,768 shs
Average Volume173,936 shs
Market Capitalization$2.15 billion
P/E Ratio41.12
Dividend Yield1.04%
Beta0.55
CONMED logoCONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for minimally invasive procedures in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers orthopedic surgery products, including sports medicine products comprising powered resection instruments, arthroscopes, reconstructive systems, tissue repair sets, and metal and bioabsorbable implants, as well as related disposable products and fluid management systems; powered surgical instruments for use in bone orthopedic, arthroscopic, oral/maxillofacial, podiatric, plastic, ENT, neurological, spinal, and cardiothoracic surgeries; sports biologics and tissue products; and surgical visualization products. It offers orthopedic surgery products under Hall, CONMED Linvatec, Concept, and Shutt brands. The company also offers general surgery product in the areas of advanced surgical comprising clinical insufflation system; electrosurgical products; endomechanical products comprising instruments, such as tissue retrieval bags, trocars, suction irrigation devices, graspers, scissors, and dissectors; and uterine manipulator (VCARE) for use in increasing the efficiency of laparoscopic hysterectomies and other gynecologic laparoscopic procedures. In addition, it offers general surgery product in the areas of endoscopic technologies, including minimally invasive diagnostic and therapeutic products; critical care products cover a line of vital signs, cardiac monitoring, and patient care products, including ECG electrodes and accessories, cardiac defibrillation and pacing pads, and suction instruments and tubing; and physician's office electrosurgical product used by dermatologists. The company's products are used by surgeons and physicians in orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology. CONMED Corporation was founded in 1970 and is headquartered in Utica, New York.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Electromedical equipment
Sub-IndustryHealth Care Equipment
SectorMedical
SymbolNASDAQ:CNMD
CUSIP20741010
Phone315-624-3215

Debt

Debt-to-Equity Ratio0.67
Current Ratio1.97
Quick Ratio1.15

Price-To-Earnings

Trailing P/E Ratio41.12
Forward P/E Ratio35.81
P/E Growth3.07

Sales & Book Value

Annual Sales$796.39 million
Price / Sales2.74
Cash Flow$4.0729 per share
Price / Cash19.08
Book Value$22.60 per share
Price / Book3.44

Profitability

EPS (Most Recent Fiscal Year)$1.89
Net Income$55.48 million
Net Margins8.85%
Return on Equity9.51%
Return on Assets4.40%

Miscellaneous

Employees3,100
Outstanding Shares28,110,000
Market Cap$2.15 billion

CONMED (NASDAQ:CNMD) Frequently Asked Questions

What is CONMED's stock symbol?

CONMED trades on the NASDAQ under the ticker symbol "CNMD."

How often does CONMED pay dividends? What is the dividend yield for CONMED?

CONMED declared a quarterly dividend on Tuesday, August 14th. Stockholders of record on Friday, September 14th will be given a dividend of $0.20 per share on Monday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 13th. View CONMED's Dividend History.

How were CONMED's earnings last quarter?

CONMED Co. (NASDAQ:CNMD) posted its quarterly earnings data on Wednesday, August, 1st. The medical technology company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.01. The medical technology company had revenue of $212.80 million for the quarter, compared to analysts' expectations of $207.12 million. CONMED had a net margin of 8.85% and a return on equity of 9.51%. CONMED's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. View CONMED's Earnings History.

When is CONMED's next earnings date?

CONMED is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for CONMED.

What guidance has CONMED issued on next quarter's earnings?

CONMED issued an update on its FY18 earnings guidance on Wednesday, August, 1st. The company provided earnings per share (EPS) guidance of $2.15-2.20 for the period, compared to the Thomson Reuters consensus estimate of $2.17.

What price target have analysts set for CNMD?

3 brokers have issued 12 month price objectives for CONMED's shares. Their forecasts range from $46.00 to $83.00. On average, they expect CONMED's stock price to reach $64.50 in the next twelve months. This suggests that the stock has a possible downside of 17.0%. View Analyst Price Targets for CONMED.

What is the consensus analysts' recommendation for CONMED?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CONMED in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CONMED.

Who are some of CONMED's key competitors?

Who are CONMED's key executives?

CONMED's management team includes the folowing people:
  • Mr. Curt R. Hartman, CEO, Pres & Director (Age 54)
  • Mr. Patrick J. Beyer, Pres of CONMED International (Age 52)
  • Mr. Stanley W. Peters III, VP & GM of U.S. Advanced Surgical (Age 43)
  • Mr. Nathan Folkert, VP & GM of U.S. Orthopedics (Age 43)
  • Mr. Todd W. Garner, Exec. VP & CFO (Age 49)

Has CONMED been receiving favorable news coverage?

Headlines about CNMD stock have been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CONMED earned a daily sentiment score of 0.16 on Accern's scale. They also assigned news headlines about the medical technology company an impact score of 46.69 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for CONMED.

Who are CONMED's major shareholders?

CONMED's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.37%), Dimensional Fund Advisors LP (6.70%), SCOPIA CAPITAL MANAGEMENT LP (6.60%), Scopia Capital Management LP (6.13%), Victory Capital Management Inc. (4.32%) and Macquarie Group Ltd. (2.77%). Company insiders that own CONMED stock include Charles Farkas, Curt R Hartman, Daniel Jonas, Dirk Kuyper, Heather L Cohen, Jo Ann Golden, Luke A Pomilio, Mark E Tryniski, Nathan Folkert and Terence M Berge. View Institutional Ownership Trends for CONMED.

Which major investors are selling CONMED stock?

CNMD stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Scopia Capital Management LP, Dimensional Fund Advisors LP, Epoch Investment Partners Inc., Millennium Management LLC, United Services Automobile Association, Huber Capital Management LLC and Fisher Asset Management LLC. Company insiders that have sold CONMED company stock in the last year include Daniel Jonas, Jo Ann Golden, Luke A Pomilio, Nathan Folkert and Terence M Berge. View Insider Buying and Selling for CONMED.

Which major investors are buying CONMED stock?

CNMD stock was bought by a variety of institutional investors in the last quarter, including Hood River Capital Management LLC, FMR LLC, BlackRock Inc., Citadel Advisors LLC, American Century Companies Inc., Granahan Investment Management Inc. MA, Bank of Montreal Can and First Trust Advisors LP. Company insiders that have bought CONMED stock in the last two years include Charles Farkas, Curt R Hartman, Heather L Cohen and Mark E Tryniski. View Insider Buying and Selling for CONMED.

How do I buy shares of CONMED?

Shares of CNMD 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 CONMED's stock price today?

One share of CNMD stock can currently be purchased for approximately $77.71.

How big of a company is CONMED?

CONMED has a market capitalization of $2.15 billion and generates $796.39 million in revenue each year. The medical technology company earns $55.48 million in net income (profit) each year or $1.89 on an earnings per share basis. CONMED employs 3,100 workers across the globe.

How can I contact CONMED?

CONMED's mailing address is 525 FRENCH ROAD, UTICA NY, 13502. The medical technology company can be reached via phone at 315-624-3215.


MarketBeat Community Rating for CONMED (NASDAQ CNMD)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  288 (Vote Outperform)
Underperform Votes:  210 (Vote Underperform)
Total Votes:  498
MarketBeat's community ratings are surveys of what our community members think about CONMED and other stocks. Vote "Outperform" if you believe CNMD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CNMD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/20/2018 by MarketBeat.com Staff

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