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CONMED Stock Price, Forecast & Analysis (NASDAQ:CNMD)

$112.97
-0.03 (-0.03 %)
(As of 11/19/2019 04:00 PM ET)
Today's Range
$112.29
Now: $112.97
$114.05
50-Day Range
$92.65
MA: $101.77
$113.69
52-Week Range
$56.90
Now: $112.97
$114.76
Volume26,020 shs
Average Volume262,083 shs
Market Capitalization$3.21 billion
P/E Ratio51.82
Dividend Yield0.71%
Beta0.51
CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for minimally invasive procedures worldwide. 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. Read More…

Industry, Sector and Symbol

Industry Electromedical equipment
Sub-IndustryHealth Care Equipment
SectorMedical
Current SymbolNASDAQ:CNMD
CUSIP20741010
Phone315-797-8375

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$859.63 million
Cash Flow$4.43 per share
Book Value$23.54 per share

Profitability

Net Income$40.85 million

Miscellaneous

Employees3,100
Market Cap$3.21 billion
Next Earnings Date1/28/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Friday, August 2nd. Investors of record on Friday, September 13th will be paid a dividend of $0.20 per share on Monday, October 7th. This represents a $0.80 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, September 12th. View CONMED's Dividend History.

How were CONMED's earnings last quarter?

CONMED Co. (NASDAQ:CNMD) released its quarterly earnings results on Wednesday, October, 30th. The medical technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.06. The medical technology company had revenue of $233.60 million for the quarter, compared to analyst estimates of $228.12 million. CONMED had a return on equity of 10.50% and a net margin of 3.15%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. View CONMED's Earnings History.

When is CONMED's next earnings date?

CONMED is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for CONMED.

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

CONMED issued an update on its FY19 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $2.62-2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.28. The company issued revenue guidance of $954.96 million, compared to the consensus revenue estimate of prior $2.52-2.57.

What price target have analysts set for CNMD?

5 brokers have issued 12-month price targets for CONMED's shares. Their forecasts range from $105.00 to $136.00. On average, they anticipate CONMED's stock price to reach $116.80 in the next year. This suggests a possible upside of 3.4% from the stock's current price. View Analyst Price Targets for CONMED.

What is the consensus analysts' recommendation for CONMED?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CONMED in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CONMED.

What are Wall Street analysts saying about CONMED stock?

Here are some recent quotes from research analysts about CONMED stock:
  • 1. According to Zacks Investment Research, "CONMED exited the third quarter on a solid note, with both earnings and revenues beating estimates. CONMED outperformed the industry in a year’s time. Its core units — Orthopedic Surgery and General Surgery — continue to bolster the top line. Solid international sales growth in recent times remains a positive. Management is also confident of the company’s broad product portfolio. It anticipates the buyout of Buffalo Filter (completed in early 2019) to bolster CONMED’s General Surgery portfolio. Strong 2019 guidance instills optimism in the stock. The company remains focused toward launching new products. However, the company operates in a highly competitive environment, especially with respect to the General Surgery business. The company’s high long-term debt remains a woe." (11/1/2019)
  • 2. Needham & Company LLC analysts commented, "CNMD’s 4Q18 revenue beat consensus while its EPS was in line with consensus. Management provided 2019 revenue and EPS guidance that were both above consensus. Revenue growth improved to 10.8% CC (or ~9.3% CC after adjusting for an extra selling day) in 4Q18 from 8.1% CC in 3Q18 despite a more difficult comp. CNMD’s revenue grew 8.4% in 2018, which is ~400 bps above the mid-point of its original 4-5% guidance. We believe that the 2019 revenue guidance is similarly conservative and note that management indicated that they intend to allow any revenue upside to fall through to the bottom line rather than reinvesting this as in 2018. Given this, we reiterate our Buy rating." (1/23/2019)

Has CONMED been receiving favorable news coverage?

Media headlines about CNMD stock have trended very negative on Tuesday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. CONMED earned a coverage optimism score of -3.4 on InfoTrie's scale. They also assigned news coverage about the medical technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for CONMED.

Are investors shorting CONMED?

CONMED saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,160,000 shares, an increase of 9.4% from the September 30th total of 1,060,000 shares. Based on an average trading volume of 216,200 shares, the short-interest ratio is presently 5.4 days. Approximately 4.1% of the shares of the stock are sold short. View CONMED's Current Options Chain.

Who are some of CONMED's key competitors?

What other stocks do shareholders of CONMED own?

Who are CONMED's key executives?

CONMED's management team includes the folowing people:
  • Mr. Curt R. Hartman, CEO, Pres & Director (Age 55)
  • Mr. Todd W. Garner, Exec. VP & CFO (Age 50)
  • Mr. Patrick J. Beyer, Pres of CONMED International (Age 53)
  • Mr. Stanley W. Peters III, VP & GM of U.S. Advanced Surgical (Age 44)
  • Mr. Nathan Folkert, VP & GM of U.S. Orthopedics (Age 44)

Who are CONMED's major shareholders?

CONMED's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.29%), Eagle Asset Management Inc. (1.27%), Columbus Circle Investors (0.90%), Carillon Tower Advisers Inc. (0.38%), Rhumbline Advisers (0.32%) and Gamco Investors INC. ET AL (0.24%). Company insiders that own CONMED stock include Charles Farkas, Daniel Jonas, Dirk Kuyper, Heather L Cohen, Jo Ann Golden, Johonna Marie Pelletier, Luke A Pomilio, Nathan Folkert, Peter K Shagory, Stanley W Peters III 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 Fisher Asset Management LLC, Mackay Shields LLC, First Trust Advisors LP, Massachusetts Financial Services Co. MA, Strs Ohio, SG Americas Securities LLC, Gamco Investors INC. ET AL and Tocqueville Asset Management L.P.. Company insiders that have sold CONMED company stock in the last year include Daniel Jonas, Dirk Kuyper, Johonna Marie Pelletier, Peter K Shagory, Stanley W Peters III 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 Columbus Circle Investors, Eagle Asset Management Inc., Carillon Tower Advisers Inc., Russell Investments Group Ltd., California Public Employees Retirement System, State of Alaska Department of Revenue, Rhumbline Advisers and First Mercantile Trust Co.. Company insiders that have bought CONMED stock in the last two years include Charles Farkas and Heather L Cohen. 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, Robinhood, Fidelity and Charles Schwab.

What is CONMED's stock price today?

One share of CNMD stock can currently be purchased for approximately $112.97.

How big of a company is CONMED?

CONMED has a market capitalization of $3.21 billion and generates $859.63 million in revenue each year. The medical technology company earns $40.85 million in net income (profit) each year or $2.18 on an earnings per share basis. CONMED employs 3,100 workers across the globe.View Additional Information About CONMED.

What is CONMED's official website?

The official website for CONMED is http://www.conmed.com/.

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 315-797-8375.


MarketBeat Community Rating for CONMED (NASDAQ CNMD)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  377 (Vote Outperform)
Underperform Votes:  310 (Vote Underperform)
Total Votes:  687
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 11/19/2019 by MarketBeat.com Staff

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