Cardiovascular Systems - CSII Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cardiovascular Systems in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CSII shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSII, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 1 year target prices for Cardiovascular Systems' shares. Their CSII share price forecasts range from $20.00 to $49.00. On average, they expect the company's stock price to reach $36.33 in the next year. This suggests a possible upside of 118.3% from the stock's current price.
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Cardiovascular Systems' stock was trading at $18.78 at the start of the year. Since then, CSII shares have decreased by 11.4% and is now trading at $16.64.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Cardiovascular Systems, Inc. (NASDAQ:CSII) issued its quarterly earnings results on Monday, November, 8th. The medical device company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.12. The medical device company earned $58.40 million during the quarter, compared to the consensus estimate of $63.72 million. Cardiovascular Systems had a negative net margin of 15.64% and a negative trailing twelve-month return on equity of 14.40%. Cardiovascular Systems's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS.

Cardiovascular Systems updated its FY 2023 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $255.00 million-$265.00 million, compared to the consensus revenue estimate of $236.73 million.

12 employees have rated Cardiovascular Systems Chief Executive Officer Scott Ward on Glassdoor.com. Scott Ward has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cardiovascular Systems investors own include Gilead Sciences (GILD), AbbVie (ABBV), Advanced Micro Devices (AMD), Medtronic (MDT), Pfizer (PFE), Xcel Energy (XEL), ACADIA Pharmaceuticals (ACAD), Johnson & Johnson (JNJ), Merck & Co., Inc. (MRK) and Procter & Gamble (PG).

Cardiovascular Systems trades on the NASDAQ under the ticker symbol "CSII."

Cardiovascular Systems' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (2.31%), Assenagon Asset Management S.A. (2.11%), Northern Trust Corp (1.06%), JPMorgan Chase & Co. (0.90%), Principal Financial Group Inc. (0.68%) and BNP Paribas Arbitrage SA (0.46%). Insiders that own company stock include Alexander Rosenstein, Erik Paulsen, Jeffrey S Points, Martha Goldberg Aronson, Rhonda J Robb, Sandra Sedo and Scott R Ward.
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Shares of CSII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CSII stock can currently be purchased for approximately $16.64.

Cardiovascular Systems (NASDAQ:CSII) has a market capitalization of $678.58 million and generates $236.22 million in revenue each year. The medical device company earns $-36,930,000.00 in net income (profit) each year or ($0.95) on an earnings per share basis.

The company employs 780 workers across the globe.

Cardiovascular Systems was founded in 1989.

Cardiovascular Systems' mailing address is 1225 OLD HWY 8 NW, ST. PAUL MN, 55112. The official website for the company is www.csi360.com. The medical device company can be reached via phone at (651) 259-1600, via email at j.nielsen@csi360.com, or via fax at 612-677-3355.