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NASDAQ:CNMD - CONMED Stock Price, Forecast & News

$105.42
+1.49 (+1.43 %)
(As of 02/19/2020 04:00 PM ET)
Today's Range
$104.17
Now: $105.42
$105.55
50-Day Range
$101.41
MA: $107.24
$111.99
52-Week Range
$73.42
Now: $105.42
$116.81
Volume208,457 shs
Average Volume319,217 shs
Market Capitalization$2.99 billion
P/E Ratio110.97
Dividend Yield0.77%
Beta0.56
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$955.10 million
Cash Flow$4.61 per share
Book Value$23.54 per share

Profitability

Net Income$28.62 million

Miscellaneous

Employees3,100
Market Cap$2.99 billion
Next Earnings Date4/22/2020 (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 Thursday, November 21st. Investors of record on Friday, December 13th will be paid a dividend of $0.20 per share on Tuesday, January 7th. This represents a $0.80 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, December 12th. View CONMED's Dividend History.

How were CONMED's earnings last quarter?

CONMED Co. (NASDAQ:CNMD) issued its quarterly earnings results on Wednesday, January, 29th. The medical technology company reported $0.90 EPS for the quarter, beating the Zacks' consensus estimate of $0.89 by $0.01. The medical technology company had revenue of $264.90 million for the quarter, compared to analyst estimates of $264.83 million. CONMED had a net margin of 3.00% and a return on equity of 11.18%. CONMED's revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.73 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 Wednesday, April 22nd 2020. View Earnings Estimates for CONMED.

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

CONMED updated its FY20 earnings guidance on Wednesday, January, 29th. The company provided earnings per share (EPS) guidance of $3.08-3.13 for the period, compared to the Thomson Reuters consensus estimate of $3.03.

What price target have analysts set for CNMD?

5 brokers have issued twelve-month target prices for CONMED's stock. Their forecasts range from $99.00 to $136.00. On average, they expect CONMED's share price to reach $113.00 in the next year. This suggests a possible upside of 7.2% 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 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CONMED.

Has CONMED been receiving favorable news coverage?

Media headlines about CNMD stock have trended somewhat negative on Wednesday, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CONMED earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the medical technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for CONMED.

Are investors shorting CONMED?

CONMED saw a drop in short interest in January. As of January 31st, there was short interest totalling 847,000 shares, a drop of 17.0% from the January 15th total of 1,020,000 shares. Based on an average trading volume of 257,700 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.0% of the shares of the company 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other CONMED investors own include Bausch Health Companies (BHC), Gilead Sciences (GILD), AbbVie (ABBV), AT&T (T), Amgen (AMGN), Coherus Biosciences (CHRS), Clovis Oncology (CLVS), Cytokinetics (CYTK), Dicerna Pharmaceuticals (DRNA) and Neurocrine Biosciences (NBIX).

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 many different of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (7.60%), Champlain Investment Partners LLC (3.97%), State Street Corp (3.18%), Principal Financial Group Inc. (2.50%), Goldman Sachs Group Inc. (1.79%) and FMR LLC (1.69%). Company insiders that own CONMED stock include Daniel Jonas, Dirk Kuyper, Heather L Cohen, Jo Ann Golden, John Jed Kennedy, 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 Capital World Investors, Champlain Investment Partners LLC, Capital Research Global Investors, J. Goldman & Co LP, William Blair Investment Management LLC, Bank of New York Mellon Corp, Goldman Sachs Group Inc. and 361 Capital LLC. Company insiders that have sold CONMED company stock in the last year include Daniel Jonas, Dirk Kuyper, John Jed Kennedy, 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 AXA, Man Group plc, Bank of Montreal Can, Eagle Asset Management Inc., Renaissance Technologies LLC, Point72 Asset Management L.P., Great West Life Assurance Co. Can and Cubist Systematic Strategies LLC. 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 $105.42.

How big of a company is CONMED?

CONMED has a market capitalization of $2.99 billion and generates $955.10 million in revenue each year. The medical technology company earns $28.62 million in net income (profit) each year or $2.64 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:  2.6 out of 5 (star star)
Outperform Votes:  389 (Vote Outperform)
Underperform Votes:  346 (Vote Underperform)
Total Votes:  735
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 2/19/2020 by MarketBeat.com Staff

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