NASDAQ:MMSI

Merit Medical Systems - MMSI Stock Forecast, Price & News

$71.75

+0.27 (+0.38%)

(As of 11/25/2022 12:00 AM ET)

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Today's Range: $70.92
▼
$72.53
50-Day Range: $54.00
▼
$71.80
52-Week Range: $50.46
▼
$72.53

Volume: 72,500 shs
Average Volume: 287,587 shs
Market Capitalization: $4.08 billion

P/E Ratio: 66.44
Dividend Yield: N/A
Price Target: $72.00

Merit Medical Systems MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 0.3% Upside
$72.00 Price Target
Short Interest: Healthy
2.14% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.16
Upright™ Environmental Score
News Sentiment: 0.69
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.73%
From $2.57 to $2.82 Per Share

Overall MarketRank^™

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

2.16 out of 5 stars

Medical Sector

424th out of 1,044 stocks

Surgical & Medical Instruments Industry

47th out of 104 stocks

1.5

Analyst's Opinion

Consensus Rating
Merit Medical Systems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $72.00, Merit Medical Systems has a forecasted upside of 0.3% from its current price of $71.75.
Amount of Analyst Coverage
Merit Medical Systems has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.14% 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 3.7, 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 4.80%, indicating that investor sentiment is improving.

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.

2.6

News and Social Media Coverage

News Sentiment
Merit Medical Systems has a news sentiment score of 0.69. 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 lower news sentiment than the 0.82 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Merit Medical Systems this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for MMSI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
1 people have added Merit Medical Systems to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Merit Medical Systems insiders have not sold or bought any 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 9.73% in the coming year, from $2.57 to $2.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Merit Medical Systems is 66.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Merit Medical Systems is 66.44, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 148.60.
Price to Earnings Growth Ratio
Merit Medical Systems has a PEG Ratio of 2.53. 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 3.75. 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

November 24, 2022 | finance.yahoo.com

Humana (HUM) Issues $1.25B Senior Notes, To Lower Debt Level

November 22, 2022 | finance.yahoo.com

At US$70.68, Is Merit Medical Systems, Inc. (NASDAQ:MMSI) Worth Looking At Closely?

November 21, 2022 | finance.yahoo.com

Merit Medical Launches the PreludeSYNC EZ™ Radial Compression Device

November 17, 2022 | finance.yahoo.com

Reasons to Add Merit Medical (MMSI) Stock to Your Portfolio

November 17, 2022 | finance.yahoo.com

Medical Devices Stock Pumps Up Buy Point With New Innovations

November 14, 2022 | finance.yahoo.com

MMSI vs. CNMD: Which Stock Should Value Investors Buy Now?

November 8, 2022 | finance.yahoo.com

Merit Medical Systems Third Quarter 2022 Earnings: Beats Expectations

November 8, 2022 | finance.yahoo.com

PacBio's (PACB) Q3 Earnings Top Estimates, Revenues Lag

November 3, 2022 | finance.yahoo.com

LHC Group's (LHCG) Q3 Earnings & Revenues Miss Estimates

November 2, 2022 | finance.yahoo.com

Summary Notice to Current Merit Medical Systems, Inc. Stockholders of Derivative Action and Settlement Hearing

October 29, 2022 | finance.yahoo.com

Merit Medical Systems' (NASDAQ:MMSI) 41% CAGR outpaced the company's earnings growth over the same three-year period

October 27, 2022 | finance.yahoo.com

Merit Medical (MMSI) Q3 Earnings Beat, FY22 View Revised

October 26, 2022 | msn.com

Merit Medical Systems: Q3 Earnings Insights

October 26, 2022 | finance.yahoo.com

Merit Medical (MMSI) Q3 Earnings and Revenues Top Estimates

October 26, 2022 | finance.yahoo.com

Merit Medical Reports Results for Quarter Ended September 30, 2022

October 25, 2022 | msn.com

A Preview Of Merit Medical Systems's Earnings

October 24, 2022 | nasdaq.com

If EPS Growth Is Important To You, Merit Medical Systems (NASDAQ:MMSI) Presents An Opportunity

October 13, 2022 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And Merit Medical Systems (NASDAQ:MMSI) Passed With Ease

October 13, 2022 | finance.yahoo.com

Merit Medical Systems to Announce Third Quarter Results on October 26, 2022

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

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MMSI Company Calendar

Last Earnings: 10/28/2021
Today: 11/27/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/23/2023

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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: $72.00
High Stock Price Forecast: $78.00
Low Stock Price Forecast: $63.00
Forecasted Upside/Downside: +0.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.08
Trailing P/E Ratio: 66.44
Forward P/E Ratio: 27.92
P/E Growth: 2.53
Net Income: $48.45 million
Net Margins: 5.43%
Pretax Margin: 6.40%
Return on Equity: 14.14%
Return on Assets: 9.20%

Debt

Debt-to-Equity Ratio: 0.19
Current Ratio: 2.35
Quick Ratio: 1.19

Sales & Book Value

Annual Sales: $1.07 billion
Price / Sales: 3.80
Cash Flow: $4.13 per share
Price / Cash Flow: 17.36
Book Value: $19.13 per share
Price / Book: 3.75

Miscellaneous

Outstanding Shares: 56,920,000
Free Float: 54,756,000
Market Cap: $4.08 billion
Optionable: Optionable
Beta: 1.04

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)
Chief Commercial Officer
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?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Merit Medical Systems in the last twelve months. There are currently 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 2023?: 5 equities research analysts have issued 1-year price targets for Merit Medical Systems' stock. Their MMSI share price forecasts range from $63.00 to $78.00. On average, they predict the company's stock price to reach $72.00 in the next year. This suggests a possible upside of 0.3% 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 beginning of the year. Since then, MMSI stock has increased by 15.2% and is now trading at $71.75.
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, February 23rd 2023.
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 Thursday, October, 28th. The medical instruments supplier reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.08. The medical instruments supplier had revenue of $267.02 million for the quarter, compared to analysts' expectations of $260.61 million. Merit Medical Systems had a net margin of 5.43% and a trailing twelve-month return on equity of 14.14%. Merit Medical Systems's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share.
What guidance has Merit Medical Systems issued on next quarter's earnings?: Merit Medical Systems issued an update on its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of $2.55-$2.61 for the period, compared to the consensus earnings per share estimate of $2.47. The company issued revenue guidance of $1.15 billion-$1.15 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."
Who are Merit Medical Systems' major shareholders?: Merit Medical Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.05%), Vanguard Group Inc. (11.77%), Conestoga Capital Advisors LLC (3.67%), State Street Corp (3.58%), Dimensional Fund Advisors LP (2.63%) and Macquarie Group Ltd. (2.49%). Insiders that own company stock include A Scott Anderson, Brian G Lloyd, David Floyd, David Ming-Teh Liu, 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.
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 $71.75.
How much money does Merit Medical Systems make?: Merit Medical Systems (NASDAQ:MMSI) has a market capitalization of $4.08 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 $1.08 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.
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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 11/27/2022 by MarketBeat.com Staff

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