NASDAQ:MMSI

Merit Medical Systems - MMSI Stock Forecast, Price & News

$57.40

-1.40 (-2.38%)

(As of 10/7/2022 02:03 PM ET)

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Today's Range: $57.19
▼
$58.17
50-Day Range: $54.00
▼
$63.58
52-Week Range: $50.46
▼
$73.44

Volume: 2,505 shs
Average Volume: 361,360 shs
Market Capitalization: $3.26 billion

P/E Ratio: 56.27
Dividend Yield: N/A
Price Target: $72.14

Merit Medical Systems MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 25.7% Upside
$72.14 Price Target
Short Interest: Healthy
1.74% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.16
Upright™ Environmental Score
News Sentiment: 0.77
Based on 2 Articles This Week
Insider Trading: Selling Shares
$1.63 M Sold Last Quarter
Proj. Earnings Growth: 12.15%
From $2.47 to $2.77 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.92 out of 5 stars

Medical Sector

128th out of 1,075 stocks

Surgical & Medical Instruments Industry

11th out of 104 stocks

3.4

Analyst's Opinion

Consensus Rating
Merit Medical Systems has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $72.14, Merit Medical Systems has a forecasted upside of 25.7% from its current price of $57.38.
Amount of Analyst Coverage
Merit Medical Systems has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.74% of the float of Merit Medical Systems has been sold short.
Short Interest Ratio / Days to Cover
Merit Medical Systems has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Merit Medical Systems has recently decreased by 9.86%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Merit Medical Systems does not currently pay a dividend.
Dividend Growth
Merit Medical Systems does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Merit Medical Systems has received a 50.75% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Catheters", "Biopsy systems", and "Syringes" products. See details.
Environmental Sustainability
The Environmental Impact score for Merit Medical Systems is -1.16.

2.7

News and Social Media Coverage

News Sentiment
Merit Medical Systems has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Merit Medical Systems this week, compared to 1 article on an average week.
MarketBeat Follows
Only 3 people have added Merit Medical Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Merit Medical Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,627,142.00 in company stock.
Percentage Held by Insiders
Only 3.80% of the stock of Merit Medical Systems is held by insiders.
Percentage Held by Institutions
94.52% of the stock of Merit Medical Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Merit Medical Systems are expected to grow by 12.15% in the coming year, from $2.47 to $2.77 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Merit Medical Systems is 56.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Merit Medical Systems is 56.25, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 85.38.
Price to Earnings Growth Ratio
Merit Medical Systems has a PEG Ratio of 2.31. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Merit Medical Systems has a P/B Ratio of 3.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Merit Medical Systems (NASDAQ:MMSI) Stock

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.

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MMSI Stock News Headlines

October 1, 2022 | americanbankingnews.com

Merit Medical Systems (NASDAQ:MMSI) Stock Rating Lowered by StockNews.com

September 27, 2022 | finance.yahoo.com

Merit Medical Launches the TEMNO Elite™ Soft Tissue Biopsy System

September 21, 2022 | finance.yahoo.com

Merit Medical Systems' (NASDAQ:MMSI) Returns On Capital Are Heading Higher

September 21, 2022 | seekingalpha.com

MMSI Merit Medical Systems, Inc.

September 14, 2022 | nasdaq.com

Can Mixed Fundamentals Have A Negative Impact on Merit Medical Systems, Inc. (NASDAQ:MMSI) Current Share Price Momentum?

September 13, 2022 | finance.yahoo.com

Merit Medical's (MMSI) Latest Launch to Boost Patient Care

September 12, 2022 | finance.yahoo.com

Merit Medical Launches the Prelude Roadster™ Guide Sheath

September 9, 2022 | finance.yahoo.com

Merit Medical Systems, Inc. (MMSI)

September 9, 2022 | seekingalpha.com

Merit Medical: No Change To Hold Thesis, ROIC Still One To Watch

September 1, 2022 | finance.yahoo.com

Merit Medical Systems to cut 117 jobs in Pearland, plans future expansion

August 16, 2022 | finance.yahoo.com

Merit Medical Systems, Inc. (NASDAQ:MMSI) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?

August 16, 2022 | finance.yahoo.com

Merit Medical Systems, Inc. (NASDAQ:MMSI) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead

August 10, 2022 | marketwatch.com

Merit Medical Launches SafeGuard Focus Cool(TM) Compression Device

August 8, 2022 | finance.yahoo.com

Merit Medical Launches SafeGuard Focus Cool™ Compression Device

July 28, 2022 | finance.yahoo.com

Merit Medical (MMSI) Q2 Earnings Beat, FY22 View Revised

July 28, 2022 | nasdaq.com

Merit Medical Systems Q2 Profit Beats View; Sees FY22 Results In Line With View

July 28, 2022 | seekingalpha.com

Merit Medical Systems, Inc. (MMSI) CEO Fred Lampropoulos on Q2 2022 Results - Earnings Call Transcript

July 28, 2022 | finance.yahoo.com

Merit Medical (MMSI) Q2 Earnings and Revenues Surpass Estimates

July 27, 2022 | finance.yahoo.com

Merit Medical Reports Results for Quarter Ended June 30, 2022

July 20, 2022 | finance.yahoo.com

Merit Medical Launches Smallest and Shortest Configuration of Elation® Pulmonary Balloon Dilator to Help Meet Critical Patient Need

July 17, 2022 | money.usnews.com

Merit Medical Systems, Inc.

July 14, 2022 | finance.yahoo.com

Merit Medical Systems to Announce Second Quarter Results on July 27, 2022

July 13, 2022 | finance.yahoo.com

First Patient Enrolled in the Streamlined Localization (STREAMLoc) Registry Study Using SCOUT® at Biopsy in Canada

July 11, 2022 | nasdaq.com

Reasons to Retain Merit Medical (MMSI) Stock in Your Portfolio

July 11, 2022 | finance.yahoo.com

Estimating The Fair Value Of Merit Medical Systems, Inc. (NASDAQ:MMSI)

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MMSI Company Calendar

Last Earnings: 7/27/2022
Today: 10/07/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical & medical instruments
Sub-Industry: Health Care Supplies
Sector: Medical
Current Symbol: NASDAQ:MMSI
CUSIP: 58988910
CIK: 856982
Web: www.merit.com
Phone: (801) 253-1600
Fax: 801-253-1652
Employees: 6,446
Year Founded: 1987

Price Target and Rating

Average Stock Price Forecast: $72.14
High Stock Price Forecast: $78.00
Low Stock Price Forecast: $69.00
Forecasted Upside/Downside: +25.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.02
Trailing P/E Ratio: 56.27
Forward P/E Ratio: 23.24
P/E Growth: 2.31
Net Income: $48.45 million
Net Margins: 5.24%
Pretax Margin: 6.20%
Return on Equity: 13.74%
Return on Assets: 8.77%

Debt

Debt-to-Equity Ratio: 0.22
Current Ratio: 2.52
Quick Ratio: 1.33

Sales & Book Value

Annual Sales: $1.07 billion
Price / Sales: 3.03
Cash Flow: $3.93 per share
Price / Cash Flow: 14.59
Book Value: $18.42 per share
Price / Book: 3.12

Miscellaneous

Outstanding Shares: 56,760,000
Free Float: 54,607,000
Market Cap: $3.26 billion
Optionable: Optionable
Beta: 0.97

Social Links

Key Executives

Mr. Fred P. Lampropoulos (Age 72)
Founder, Chairman, CEO & Pres
Comp: $3.39M

Mr. Raul Parra Jr. (Age 43)
CPA, CFO & Treasurer
Comp: $1.01M

Mr. Brian G. Lloyd (Age 61)
Chief Legal Officer & Corp. Sec.
Comp: $965.29k

Mr. Joseph C. Wright (Age 52)
Pres of International Division
Comp: $948.74k

Mr. Neil Peterson
Chief Operating Officer

Mr. Jason Treft
Chief Technology Officer

Mr. Joseph Pierce
Chief Information Officer

Mr. Michel J. Voigt (Age 49)
Chief HR Officer

Mr. John Knorpp
Chief Regulatory Affairs Officer

Dr. Nicole Priest
Chief Wellness Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MMSI Stock - Frequently Asked Questions

Should I buy or sell Merit Medical Systems stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Merit Medical Systems in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MMSI shares.
View MMSI analyst ratings or view top-rated stocks.
What is Merit Medical Systems' stock price forecast for 2022?: 6 brokers have issued 1-year price targets for Merit Medical Systems' stock. Their MMSI share price forecasts range from $69.00 to $78.00. On average, they expect the company's stock price to reach $72.14 in the next year. This suggests a possible upside of 22.7% from the stock's current price.
View analysts price targets for MMSI or view top-rated stocks among Wall Street analysts.
How have MMSI shares performed in 2022?: Merit Medical Systems' stock was trading at $62.30 at the start of the year. Since then, MMSI stock has decreased by 5.6% and is now trading at $58.80.
View the best growth stocks for 2022 here.
When is Merit Medical Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our MMSI earnings forecast.
How were Merit Medical Systems' earnings last quarter?: Merit Medical Systems, Inc. (NASDAQ:MMSI) issued its quarterly earnings data on Wednesday, July, 27th. The medical instruments supplier reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.15. The medical instruments supplier earned $294.98 million during the quarter, compared to analyst estimates of $280.55 million. Merit Medical Systems had a net margin of 5.24% and a trailing twelve-month return on equity of 13.74%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS.
What guidance has Merit Medical Systems issued on next quarter's earnings?: Merit Medical Systems updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $2.42-$2.52 for the period, compared to the consensus EPS estimate of $2.48. The company issued revenue guidance of $1.12 billion-$1.14 billion, compared to the consensus revenue estimate of $1.13 billion.

What is Fred P. Lampropoulos' approval rating as Merit Medical Systems' CEO?: 158 employees have rated Merit Medical Systems Chief Executive Officer Fred P. Lampropoulos on Glassdoor.com. Fred P. Lampropoulos has an approval rating of 73% among the company's 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 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.
Compare Top Brokerages Here.
What is Merit Medical Systems' stock price today?: One share of MMSI stock can currently be purchased for approximately $58.80.
How much money does Merit Medical Systems make?: Merit Medical Systems (NASDAQ:MMSI) has a market capitalization of $3.34 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 $1.02 on an earnings per share basis.
How many employees does Merit Medical Systems have?: The company 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
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 the company is www.merit.com. The medical instruments supplier can be reached via phone at (801) 253-1600, via email at awright@merit.com, or via fax at 801-253-1652.

This page (NASDAQ:MMSI) was last updated on 10/7/2022 by MarketBeat.com Staff

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Merit Medical Systems - MMSI Stock Forecast, Price & News

Merit Medical Systems MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability