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NASDAQ:MMSI

Merit Medical Systems - MMSI Stock Forecast, Price & News

$72.08
+1.16 (+1.64%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$70.06
▼
$72.23
50-Day Range
$66.13
▼
$73.42
52-Week Range
$50.46
▼
$76.14
Volume
175,253 shs
Average Volume
279,518 shs
Market Capitalization
$4.13 billion
P/E Ratio
55.45
Dividend Yield
N/A
Price Target
$76.33

Merit Medical Systems MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
5.9% Upside
$76.33 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
0.39mentions of Merit Medical Systems in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$4.34 M Sold Last Quarter
Proj. Earnings Growth
10.53%
From $2.85 to $3.15 Per Share

Overall MarketRank™

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

2.10 out of 5 stars

Medical Sector

546th out of 989 stocks

Surgical & Medical Instruments Industry

54th out of 99 stocks

See Top Rated MarketRank™ Stocks Here

MMSI stock logo

About Merit Medical Systems (NASDAQ:MMSI) Stock

Merit Medical Systems, Inc. engages in the manufacture and marketing of proprietary disposable medical devices. It operates through the Cardiovascular and Endoscopy segments. The Cardiovascular segment consists of peripheral intervention, cardiac intervention, interventional oncology and spine, and cardiovascular and critical care product groups. The Endoscopy segment integrates non-vascular stent technology with balloon dilators, inflation devices, guide wires, procedure kits, and other devices that are used by gastroenterologists, endoscopists, pulmonologists, and thoracic and general surgeons. The company was founded by Fred P. Lampropoulos, Darla Gill, Kent W. Stanger, and William Padilla in July 1987 and is headquartered in South Jordan, UT.

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MMSI Stock News Headlines

March 24, 2023 | finance.yahoo.com
Merit Medical (MMSI) Down 0.7% Since Last Earnings Report: Can It Rebound?
March 22, 2023 | americanbankingnews.com
Merit Medical Systems, Inc. (NASDAQ:MMSI) COO Sells $550,000.00 in Stock
March 24, 2023 | Behind the Markets (Ad)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
March 20, 2023 | finance.yahoo.com
Merit Medical Launches Expanded SwiftNINJA® Steerable Microcatheter Offering
March 19, 2023 | americanbankingnews.com
Merit Medical Systems, Inc. (NASDAQ:MMSI) CEO Sells $1,704,930.02 in Stock
March 18, 2023 | americanbankingnews.com
Merit Medical Systems, Inc. (NASDAQ:MMSI) Insider Sells $136,620.00 in Stock
March 17, 2023 | finance.yahoo.com
Does Merit Medical Systems (MMSI) Have Prospects for Continued Outperformance?
March 3, 2023 | benzinga.com
Merit Medical Systems Chief Legal Officer Awarded $947K Worth of Stock Options
March 24, 2023 | Behind the Markets (Ad)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
February 28, 2023 | finance.yahoo.com
Returns On Capital At Merit Medical Systems (NASDAQ:MMSI) Have Stalled
February 23, 2023 | finance.yahoo.com
Merit Medical (MMSI) Q4 Earnings Top Estimates, Margins Down
February 22, 2023 | msn.com
Merit Medical Systems Non-GAAP EPS of $0.79 beats by $0.12, revenue of $293.4M beats by $3.26M
February 22, 2023 | finance.yahoo.com
Merit Medical Reports Results for Fourth Quarter and Year Ended December 31, 2022 Issues Fiscal Year 2023 Guidance
February 22, 2023 | finance.yahoo.com
Merit Medical (MMSI) Q4 Earnings and Revenues Surpass Estimates
February 21, 2023 | finance.yahoo.com
MedTech Stocks' Q4 Earnings on Feb 22: FMS, GKOS & More
February 16, 2023 | finance.yahoo.com
Merit Medical Receives FDA Breakthrough Device Designation for the New SCOUT® MD™ Surgical Guidance System
February 3, 2023 | finance.yahoo.com
Merit Medical Systems to Announce Fourth Quarter and Year End 2022 Results and Issue Fiscal Year 2023 Guidance on February 22, 2023
January 23, 2023 | finance.yahoo.com
Is Merit Medical Systems, Inc.'s (NASDAQ:MMSI) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
January 12, 2023 | finance.yahoo.com
Syneos Health (SYNH) to Launch Serplulimab With New Pact
December 22, 2022 | finance.yahoo.com
Abbott's (ABT) FreeStyle Libre 3 Integrates With AID System
December 18, 2022 | finance.yahoo.com
Merit Medical Systems, Inc. (NASDAQ:MMSI) Shares Could Be 24% Above Their Intrinsic Value Estimate
December 15, 2022 | finance.yahoo.com
Stock Eyeing 261% Growth This Year Sets Up New Buy Point
December 5, 2022 | finance.yahoo.com
Thermo Fisher (TMO) End Markets Grow Strong, Margin Woe Stays
December 5, 2022 | finance.yahoo.com
Merit Medical (MMSI) Hits 52-Week High: What's Driving It?
December 5, 2022 | finance.yahoo.com
First Patient Enrolled in Merit Medical’s Multicenter Observational Study to Evaluate the Use of EmboCube® Embolization Gelatin to Control Bleeding or Hemorrhage
November 29, 2022 | finance.yahoo.com
Merit Medical (MMSI) Launches New Inflation Device basixALPHA
November 28, 2022 | finance.yahoo.com
Merit Medical Launches the basixALPHA™ Inflation Device
See More Headlines
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MMSI Company Calendar

Last Earnings
2/22/2023
Today
3/24/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
6,846
Year Founded
1987

Price Target and Rating

Average Stock Price Forecast
$76.33
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
+7.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.30
Trailing P/E Ratio
54.55
Forward P/E Ratio
24.88
P/E Growth
2.26
Net Income
$74.52 million
Net Margins
6.47%
Pretax Margin
7.18%
Return on Equity
14.28%
Return on Assets
9.50%

Debt

Debt-to-Equity Ratio
0.16
Current Ratio
2.40
Quick Ratio
1.19

Sales & Book Value

Annual Sales
$1.15 billion
Price / Sales
3.53
Cash Flow
$4.37 per share
Price / Cash Flow
16.22
Book Value
$20.11 per share
Price / Book
3.53

Miscellaneous

Outstanding Shares
57,320,000
Free Float
55,140,000
Market Cap
$4.07 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Fred P. LampropoulosFred P. Lampropoulos
    Chairman, President & Chief Executive Officer
  • Neil Peterson
    Chief Operating Officer
  • Raul ParraRaul Parra
    Chief Financial Officer & Treasurer
  • Joseph Pierce
    Chief Information Officer
  • Jason Treft
    Chief Technology 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 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 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 2023?

6 brokers have issued 12 month target prices for Merit Medical Systems' shares. Their MMSI share price forecasts range from $72.00 to $80.00. On average, they predict the company's stock price to reach $76.33 in the next year. This suggests a possible upside of 7.7% 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 2023?

Merit Medical Systems' stock was trading at $70.62 at the beginning of 2023. Since then, MMSI shares have increased by 0.4% and is now trading at $70.88.
View the best growth stocks for 2023 here.

When is Merit Medical Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our MMSI earnings forecast.

How were Merit Medical Systems' earnings last quarter?

Merit Medical Systems, Inc. (NASDAQ:MMSI) announced its earnings results on Wednesday, February, 22nd. The medical instruments supplier reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. The medical instruments supplier had revenue of $293.40 million for the quarter, compared to analysts' expectations of $290.14 million. Merit Medical Systems had a trailing twelve-month return on equity of 14.28% and a net margin of 6.47%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS.

What ETFs hold Merit Medical Systems' stock?

ETFs with the largest weight of Merit Medical Systems (NASDAQ:MMSI) stock in their portfolio include Invesco S&P SmallCap Health Care ETF (PSCH), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Invesco S&P SmallCap Momentum ETF (XSMO), SPDR S&P Health Care Equipment ETF (XHE), Invesco DWA Healthcare Momentum ETF (PTH), SPDR S&P 600 Small Cap Growth ETF (SLYG), Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and Emerge EMPWR Unified Sustainable Equity ETF (EMPW).

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

Merit Medical Systems issued an update on its FY23 earnings guidance on Wednesday, February, 22nd. The company provided EPS guidance of $2.80-$2.89 for the period, compared to the consensus EPS estimate of $2.83. The company issued revenue guidance of $1.194-$1.210 billion, compared to the consensus revenue estimate of $1.20 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."

Who are Merit Medical Systems' major shareholders?

Merit Medical Systems' stock is owned by a number of institutional and retail investors. Top institutional investors include William Blair Investment Management LLC (6.55%), ArrowMark Colorado Holdings LLC (4.42%), Conestoga Capital Advisors LLC (3.65%), Dimensional Fund Advisors LP (2.58%), Macquarie Group Ltd. (2.56%) and Fuller & Thaler Asset Management Inc. (2.19%). Insiders that own company stock include A Scott Anderson, Brian G Lloyd, David Floyd, David Ming-Teh Liu, F Ann Millner, Fred P Lampropoulos, Jill Anderson, Joseph Wright, Lynne Ward, Michel James Voigt, Neil Peterson, Nolan E Karras, Raul Jr Parra and Ronald Frost.
View institutional ownership trends.

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 $70.88.

How much money does Merit Medical Systems make?

Merit Medical Systems (NASDAQ:MMSI) has a market capitalization of $4.06 billion and generates $1.15 billion in revenue each year. The medical instruments supplier earns $74.52 million in net income (profit) each year or $1.30 on an earnings per share basis.

How many employees does Merit Medical Systems have?

The company employs 6,846 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 3/24/2023 by MarketBeat.com Staff