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NASDAQ:CNMDCONMED Stock Price, Forecast & News

$73.36
-0.92 (-1.24 %)
(As of 05/28/2020 04:00 PM ET)
Add
Compare
Today's Range
$73.16
Now: $73.36
$75.12
50-Day Range
$60.27
MA: $69.33
$74.40
52-Week Range
$37.66
Now: $73.36
$116.81
Volume226,382 shs
Average Volume454,600 shs
Market Capitalization$2.09 billion
P/E Ratio77.22
Dividend Yield1.08%
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. 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 VCARE uterine manipulator for enhancing the efficiency of laparoscopic hysterectomies and other gynecologic laparoscopic procedures. In addition, it offers endoscopic technologies offering, including diagnostic and therapeutic products for use in gastroenterology procedures; cardiology and 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 markets its products directly to surgeons, hospitals, surgery centers, group purchasing organizations, integrated delivery networks, and other customers, as well as through medical specialty distributors. CONMED Corporation was founded in 1970 and is headquartered in Utica, New York.
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CONMED logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.78 out of 5 stars


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$3.20 per share
Book Value$23.54 per share

Profitability

Net Income$28.62 million

Miscellaneous

Employees3,100
Market Cap$2.09 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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CONMED (NASDAQ:CNMD) Frequently Asked Questions

How has CONMED's stock been impacted by COVID-19 (Coronavirus)?

CONMED's stock was trading at $78.77 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CNMD shares have decreased by 6.9% and is now trading at $73.36. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CONMED?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CONMED in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CONMED.

When is CONMED's next earnings date?

CONMED is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for CONMED.

How were CONMED's earnings last quarter?

CONMED Co. (NASDAQ:CNMD) issued its earnings results on Wednesday, April, 29th. The medical technology company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.07. The medical technology company had revenue of $214 million for the quarter, compared to the consensus estimate of $214.85 million. CONMED had a return on equity of 11.18% and a net margin of 3.00%. CONMED's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. View CONMED's earnings history.

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

CONMED announced a quarterly dividend on Friday, May 22nd. Investors of record on Monday, June 15th will be given a dividend of $0.20 per share on Monday, July 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, June 12th. View CONMED's dividend history.

What price target have analysts set for CNMD?

7 analysts have issued twelve-month price targets for CONMED's shares. Their forecasts range from $76.00 to $115.00. On average, they anticipate CONMED's stock price to reach $97.17 in the next year. This suggests a possible upside of 32.5% from the stock's current price. View analysts' price targets for CONMED.

Has CONMED been receiving favorable news coverage?

Media headlines about CNMD stock have trended positive on Thursday, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring 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 nearest to five being the most favorable. CONMED earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned news stories about the medical technology company a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an effect on the stock's share price in the immediate future. View the latest news aboutCONMED.

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 AbbVie (ABBV), Bausch Health Companies (BHC), Gilead Sciences (GILD), Incyte (INCY), Moody's (MCO), Neurocrine Biosciences (NBIX), AT&T (T), Verizon Communications (VZ), Zoetis (ZTS) and Align Technology (ALGN).

Who are CONMED's key executives?

CONMED's management team includes the following 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)

What is CONMED's stock symbol?

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

Who are CONMED's major shareholders?

CONMED's stock is owned by a number of institutional and retail investors. Top institutional investors include Capital Research Global Investors (5.08%), Champlain Investment Partners LLC (4.48%), State Street Corp (3.32%), Principal Financial Group Inc. (3.28%), Loomis Sayles & Co. L P (1.64%) and Eagle Asset Management Inc. (1.54%). Company insiders that own CONMED stock include Daniel Jonas, Dirk Kuyper, Heather L Cohen, John Jed Kennedy, John L Workman, Johonna Marie Pelletier, Peter K Shagory, Stanley W Peters III and Terence M Berge. View institutional ownership trends for CONMED.

Which institutional investors are selling CONMED stock?

CNMD stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Federated Hermes Inc., Columbus Circle Investors, JPMorgan Chase & Co., Oak Ridge Investments LLC, Bank of New York Mellon Corp, Parametric Portfolio Associates LLC, and UBS Group AG. 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 activity for CONMED.

Which institutional investors are buying CONMED stock?

CNMD stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Deutsche Bank AG, Rock Springs Capital Management LP, Champlain Investment Partners LLC, AXA, Wells Fargo & Company MN, Ranger Investment Management L.P., and Grantham Mayo Van Otterloo & Co. LLC. Company insiders that have bought CONMED stock in the last two years include Heather L Cohen, and John L Workman. View insider buying and selling activity 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 $73.36.

How big of a company is CONMED?

CONMED has a market capitalization of $2.09 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.

What is CONMED's official website?

The official website for CONMED is 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.

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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