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

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$79.97 +0.16 (+0.20 %)
(As of 03/20/2019 07:32 AM ET)
Previous Close$79.81
Today's Range$78.63 - $80.90
52-Week Range$56.90 - $83.49
Volume274,535 shs
Average Volume374,090 shs
Market Capitalization$2.25 billion
P/E Ratio36.68
Dividend Yield1.00%
Beta0.66
CONMED 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
Current SymbolNASDAQ:CNMD
Previous Symbol
CUSIP20741010
CIK816956
Webwww.conmed.com
Phone315-797-8375

Debt

Debt-to-Equity Ratio0.66
Current Ratio2.33
Quick Ratio1.37

Price-To-Earnings

Trailing P/E Ratio36.68
Forward P/E Ratio32.77
P/E Growth2.84

Sales & Book Value

Annual Sales$859.63 million
Price / Sales2.62
Cash Flow$4.4403 per share
Price / Cash Flow18.01
Book Value$23.54 per share
Price / Book3.40

Profitability

EPS (Most Recent Fiscal Year)$2.18
Net Income$40.85 million
Net Margins4.75%
Return on Equity9.65%
Return on Assets4.62%

Miscellaneous

Employees3,100
Outstanding Shares28,150,000
Market Cap$2.25 billion
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable

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, February 26th. Stockholders of record on Friday, March 15th will be given a dividend of $0.20 per share on Friday, April 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, March 14th. View CONMED's Dividend History.

How were CONMED's earnings last quarter?

CONMED Co. (NASDAQ:CNMD) released its earnings results on Tuesday, January, 22nd. The medical technology company reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. The medical technology company had revenue of $242.40 million for the quarter, compared to analysts' expectations of $228.40 million. CONMED had a return on equity of 9.65% and a net margin of 4.75%. The business's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.69 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 24th 2019. 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 Tuesday, January, 22nd. The company provided EPS guidance of $2.42-$2.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.42. The company issued revenue guidance of $902.6-$911.8 million, compared to the consensus revenue estimate of $889.37 million.CONMED also updated its FY 2019 guidance to $2.42-2.47 EPS.

What price target have analysts set for CNMD?

3 brokerages have issued 12-month price targets for CONMED's stock. Their predictions range from $81.00 to $87.00. On average, they anticipate CONMED's share price to reach $84.3333 in the next year. This suggests a possible upside of 5.5% from the stock's current price. 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 1 hold rating and 2 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 fourth quarter on a solid note, with earnings and revenues beating estimates. The company’s core units — Orthopedic Surgery and General Surgery — continue to boost the topline. Of the most unique products under General Surgery, the Anchor Tissue Retrieval bag deserves a mention. Solid international sales growth is a positive. Management is confident of the product portfolio as well. It expects the ongoing buyout of Buffalo Filter to boost CONMED’s General Surgery portfolio. A strong 2019 guidance buoy optimism in the stock. Reflective of these, CONMED has outperformed the industry in a year’s time. On the flip side, contraction in the company's gross and operating margins in the quarter is worrisome. CONMED operates in a highly competitive environment, especially with respect to the General Surgery business. The company’s high long-term debt is a concern." (1/25/2019)
  • 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 stories about CNMD stock have trended positive this week, InfoTrie reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. CONMED earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned news coverage about the medical technology company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the near term.

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. 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)
  • Mr. Todd W. Garner, Exec. VP & CFO (Age 50)

Who are CONMED's major shareholders?

CONMED's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.19%), Dimensional Fund Advisors LP (5.83%), Macquarie Group Ltd. (2.87%), Northern Trust Corp (2.15%), Fisher Asset Management LLC (2.06%) and Victory Capital Management Inc. (1.89%). Company insiders that own CONMED stock include Charles Farkas, Daniel Jonas, Dirk Kuyper, Heather L Cohen, Jo Ann Golden, 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 Victory Capital Management Inc., Dimensional Fund Advisors LP, Gotham Asset Management LLC, United Services Automobile Association, Bank of New York Mellon Corp, First Trust Advisors LP, Barclays PLC and GSA Capital Partners LLP. Company insiders that have sold CONMED company stock in the last year include Daniel Jonas, Jo Ann Golden, Nathan Folkert, 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 acquired by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Millennium Management LLC, Hsbc Holdings PLC, 361 Capital LLC, Geode Capital Management LLC, Geode Capital Management LLC and Virginia Retirement Systems ET AL. 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, Scottrade, Fidelity and Charles Schwab.

What is CONMED's stock price today?

One share of CNMD stock can currently be purchased for approximately $79.97.

How big of a company is CONMED?

CONMED has a market capitalization of $2.25 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.

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:  2.8 out of 5 (star star)
Outperform Votes:  321 (Vote Outperform)
Underperform Votes:  255 (Vote Underperform)
Total Votes:  576
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 3/20/2019 by MarketBeat.com Staff

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