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Merit Medical Systems Stock Forecast, Price & News

$54.00
-0.27 (-0.50%)
(As of 07/1/2022 01:10 PM ET)
Add
Compare
Today's Range
$53.99
$55.00
50-Day Range
$51.75
$66.80
52-Week Range
$51.31
$73.85
Volume
3,932 shs
Average Volume
358,910 shs
Market Capitalization
$3.06 billion
P/E Ratio
64.29
Dividend Yield
N/A
Price Target
$74.40
30 days | 90 days | 365 days | Advanced Chart

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MMSI Stock Forecast (MarketRank)

Overall MarketRank

2.36 out of 5 stars

Medical Sector

238th out of 1,429 stocks

Surgical & Medical Instruments Industry

30th out of 138 stocks

Analyst Opinion: 3.4Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
Merit Medical Systems logo

About Merit Medical Systems (NASDAQ:MMSI)

Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy. The company operates in two segments, Cardiovascular and Endoscopy. It provides peripheral intervention products for the diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention to treat various heart conditions. The company also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, manifold kits, and trays and packs; coated tubes and wires; and sensor components for microelectromechanical systems. In addition, it provides pulmonary products that consist of laser-cut tracheobronchial stents, over-the-wire and direct visualization delivery systems, and dilation balloons to endoscopically dilate strictures; gastroenterology products; and kits and accessories for endoscopy and bronchoscopy procedures. The company sells its products to hospitals and alternate site-based physicians, technicians, and nurses through direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers in the United States and internationally. Merit Medical Systems, Inc. was incorporated in 1987 and is headquartered in South Jordan, Utah.

MMSI Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
Health Care Supplies
Sector
Medical
Current Symbol
NASDAQ:MMSI
CUSIP
58988910
Employees
6,446
Year Founded
1987

Company Calendar

Last Earnings
4/27/2022
Today
7/01/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$73.40
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+37.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.8
Research Coverage
5 Analysts

Profitability

Net Income
$48.45 million
Pretax Margin
5.03%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Cash Flow
$4.20 per share
Book Value
$18.42 per share

Miscellaneous

Free Float
54,527,000
Market Cap
$3.06 billion
Optionable
Optionable
Beta
1.02

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Merit Medical Systems Frequently Asked Questions

Should I buy or sell Merit Medical Systems stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Merit Medical Systems in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Merit Medical Systems stock.
View analyst ratings for Merit Medical Systems
or view top-rated stocks.

What is Merit Medical Systems' stock price forecast for 2022?

5 analysts have issued 12-month price targets for Merit Medical Systems' stock. Their MMSI stock forecasts range from $70.00 to $78.00. On average, they expect Merit Medical Systems' stock price to reach $73.40 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price.
View analysts' price targets for Merit Medical Systems
or view top-rated stocks among Wall Street analysts.

How has Merit Medical Systems' stock performed in 2022?

Merit Medical Systems' stock was trading at $62.30 at the beginning of 2022. Since then, MMSI stock has decreased by 13.0% and is now trading at $54.21.
View the best growth stocks for 2022 here
.

When is Merit Medical Systems' next earnings date?

Merit Medical Systems is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Merit Medical Systems
.

How were Merit Medical Systems' earnings last quarter?

Merit Medical Systems, Inc. (NASDAQ:MMSI) posted its earnings results on Wednesday, April, 27th. The medical instruments supplier reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. The medical instruments supplier had revenue of $275.42 million for the quarter, compared to the consensus estimate of $263.46 million. Merit Medical Systems had a trailing twelve-month return on equity of 13.33% and a net margin of 4.36%. During the same quarter in the prior year, the business posted $0.52 earnings per share.
View Merit Medical Systems' earnings history
.

What guidance has Merit Medical Systems issued on next quarter's earnings?

Merit Medical Systems updated its FY22 earnings guidance on Wednesday, April, 27th. The company provided earnings per share guidance of $2.41-2.56 for the period, compared to the consensus earnings per share estimate of $2.48. The company issued revenue guidance of $1.117-1.140 billion, compared to the consensus revenue estimate of $1.13 billion.

Who are Merit Medical Systems' key executives?

Merit Medical Systems' management team includes the following people:
  • Mr. Fred P. Lampropoulos, Founder, Chairman, CEO & Pres (Age 72, Pay $3.39M)
  • Mr. Raul Parra Jr., CPA, CFO & Treasurer (Age 43, Pay $1.01M)
  • Mr. Brian G. Lloyd, Chief Legal Officer & Corp. Sec. (Age 61, Pay $965.29k) (LinkedIn Profile)
  • Mr. Joseph C. Wright, Pres of International Division (Age 52, Pay $948.74k) (LinkedIn Profile)
  • Mr. Neil Peterson, Chief Operating Officer
  • Mr. Jason Treft, Chief Technology Officer
  • Mr. Joseph Pierce, Chief Information Officer
  • Mr. Michel J. Voigt, Chief HR Officer (Age 49)
  • Mr. John Knorpp, Chief Regulatory Affairs Officer
  • Dr. Nicole Priest, Chief Wellness Officer

What is Fred P. Lampropoulos' approval rating as Merit Medical Systems' CEO?

158 employees have rated Merit Medical Systems CEO Fred P. Lampropoulos on Glassdoor.com. Fred P. Lampropoulos has an approval rating of 73% among Merit Medical Systems' employees.

What other stocks do shareholders of Merit Medical Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Merit Medical Systems investors own include Citigroup (C), OraSure Technologies (OSUR), LightPath Technologies (LPTH), Overstock.com (OSTK), EXFO (EXFO), Energy Transfer (ET), RTI Surgical (RTIX), NVIDIA (NVDA), Under Armour (UA) and Advanced Micro Devices (AMD).

What is Merit Medical Systems' stock symbol?

Merit Medical Systems trades on the NASDAQ under the ticker symbol "MMSI."

How do I buy shares of Merit Medical Systems?

Shares of MMSI 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.
Compare Top Brokerages Here.

What is Merit Medical Systems' stock price today?

One share of MMSI stock can currently be purchased for approximately $54.21.

How much money does Merit Medical Systems make?

Merit Medical Systems (NASDAQ:MMSI) has a market capitalization of $3.07 billion and generates $1.07 billion in revenue each year. The medical instruments supplier earns $48.45 million in net income (profit) each year or $0.84 on an earnings per share basis.

How many employees does Merit Medical Systems have?

Merit Medical Systems employs 6,446 workers across the globe.

Does Merit Medical Systems have any subsidiaries?

The following companies are subsidiares of Merit Medical Systems: Alveolus Inc., Argon Medical Devices Netherlands BV, BSMD Ventures Inc., BioSphere Medical Inc., BioSphere Medical Japan Inc., BioSphere Medical SA, Brightwater Medical Inc., Brightwater Medical Inc., Cianna Medical Inc., DFINE Inc., Dfine Europe GmbH, Fibrovein Holdings Limited, ITL Healthcare Pty Ltd., IntelliMedical Technologies Pty Ltd., LLC Merit Technologies, Merit Holdings Inc., Merit Maquiladora México S. DE R.L. DE C.V., Merit Medical (NRI) Ireland Limited, Merit Medical Africa (Pty) LTD, Merit Medical Asia Company Limited, Merit Medical Australia Pty Ltd., Merit Medical Austria GmbH, Merit Medical Beijing Co. Ltd., Merit Medical Belgium Sprl, Merit Medical Canada Ltd., Merit Medical Coatings B.V., Merit Medical Comercialização Distribuição Importação e Exportação de Produtos Hospitalares LTDA., Merit Medical Denmark A/S, Merit Medical Egypt LLC, Merit Medical Finland Ltd., Merit Medical France SAS, Merit Medical GmbH, Merit Medical Ireland Ltd., Merit Medical Italy S.R.L., Merit Medical Japan KK, Merit Medical Korea Co. Ltd., Merit Medical ME FZ-LLC, Merit Medical Malaysia Sdn. Bhd, Merit Medical Nederland B.V., Merit Medical New Zealand Limited, Merit Medical Norway AS, Merit Medical Portugal S.A., Merit Medical Singapore Holdings Pte. Ltd, Merit Medical Singapore Pte. Ltd., Merit Medical South Africa (Pty) LTD, Merit Medical Spain S.L.Unipersonal, Merit Medical Switzerland AG, Merit Medical Systems AB, Merit Medical Systems India Private Limited, Merit Medical System’s NRI Limited, Merit Medical Turkey Tıbbi Ürünler Ticaret Anonim Şirketi, Merit Medical UK Limited, Merit Mexico Sales S. de R.L. de C.V., Merit Sensor Systems Inc., STD Pharmaceutical (Ireland) Limited, STD Pharmaceutical Products Limited, Thomas Medical Products Inc., Vascular Access Technologies Inc., and Vascular Insights LLC.
Read More

When was Merit Medical Systems founded?

Merit Medical Systems was founded in 1987.

How can I contact Merit Medical Systems?

Merit Medical Systems' mailing address is 1600 WEST MERIT PARK WAY, SOUTH JORDAN UT, 84095. The official website for Merit Medical Systems is www.merit.com. The medical instruments supplier can be reached via phone at (801) 253-1600, via email at [email protected], or via fax at 801-253-1652.

This page (NASDAQ:MMSI) was last updated on 7/1/2022 by MarketBeat.com Staff

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