Merit Medical Systems - MMSI Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Merit Medical Systems in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MMSI shares.
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6 analysts have issued 12-month target prices for Merit Medical Systems' stock. Their MMSI share price forecasts range from $69.00 to $78.00. On average, they predict the company's stock price to reach $72.14 in the next year. This suggests a possible upside of 33.6% from the stock's current price.
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Merit Medical Systems' stock was trading at $62.30 at the beginning of 2022. Since then, MMSI stock has decreased by 13.3% and is now trading at $54.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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Merit Medical Systems, Inc. (NASDAQ:MMSI) released its quarterly earnings data on Wednesday, July, 27th. The medical instruments supplier reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.15. The medical instruments supplier earned $294.98 million during the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS.

Merit Medical Systems issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) 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.

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.

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).

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

Merit Medical Systems' stock is owned by many different institutional and retail investors. Top institutional shareholders include William Blair Investment Management LLC (5.74%), Conestoga Capital Advisors LLC (3.68%), State Street Corp (3.39%), Macquarie Group Ltd. (2.46%), Aristotle Capital Boston LLC (2.16%) and Price T Rowe Associates Inc. MD (1.56%). Insiders that own company stock include A Scott Anderson, Brian G Lloyd, David Floyd, David Ming-Teh Liu, Enterprise Associates 14 New, F Ann Millner, Franklin J Miller, Fred P Lampropoulos, Jill Anderson, Joseph Wright, Lynne Ward, Neil Peterson, Nolan E Karras, Raul Jr Parra and Ronald Frost.
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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.
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One share of MMSI stock can currently be purchased for approximately $54.00.

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 $1.02 on an earnings per share basis.

The company employs 6,446 workers across the globe.

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.