NASDAQ:MMSI - Merit Medical Systems Stock Price, Forecast & News

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

Merit Medical Systems, Inc. (NASDAQ:MMSI) posted its quarterly earnings results on Wednesday, October, 30th. The medical instruments supplier reported $0.28 EPS for the quarter, missing the consensus estimate of $0.45 by $0.17. The medical instruments supplier had revenue of $243.05 million for the quarter, compared to analysts' expectations of $248.53 million. Merit Medical Systems had a return on equity of 9.23% and a net margin of 1.94%. The firm's revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. View Merit Medical Systems' Earnings History.

Merit Medical Systems is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Merit Medical Systems.

Merit Medical Systems updated its FY19 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $1.40-1.46 for the period, compared to the Thomson Reuters consensus estimate of $1.75. The company issued revenue guidance of $986-995 million, compared to the consensus revenue estimate of $1.01 billion.

9 Wall Street analysts have issued twelve-month target prices for Merit Medical Systems' shares. Their forecasts range from $26.00 to $74.00. On average, they expect Merit Medical Systems' stock price to reach $39.63 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for Merit Medical Systems.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Merit Medical Systems in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Merit Medical Systems.

Media stories about MMSI stock have trended positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Merit Medical Systems earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned media stories about the medical instruments supplier a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Merit Medical Systems.

Merit Medical Systems saw a increase in short interest in December. As of December 31st, there was short interest totalling 5,980,000 shares, an increase of 25.9% from the December 15th total of 4,750,000 shares. Based on an average daily trading volume, of 926,400 shares, the days-to-cover ratio is currently 6.5 days. Currently, 11.2% of the company's stock are short sold. View Merit Medical Systems' Current Options Chain.

Some companies that are related to Merit Medical Systems include Align Technology (ALGN), Cooper Companies (COO), DENTSPLY SIRONA (XRAY), West Pharmaceutical Services (WST), Haemonetics (HAE), ICU Medical (ICUI), Neogen (NEOG), Quidel (QDEL), STAAR Surgical (STAA), Atrion (ATRI), Antares Pharma (ATRS), Anika Therapeutics (ANIK), Cerus (CERS), OraSure Technologies (OSUR) and Meridian Bioscience (VIVO).

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), RTI Surgical (RTIX), Under Armour (UA), Johnson & Johnson (JNJ), Neurometrix (NURO) and NVIDIA (NVDA).

Merit Medical Systems' stock is owned by many different of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.55%), State of Alaska Department of Revenue (0.08%), Tocqueville Asset Management L.P. (0.04%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Merit Medical Systems stock include Enterprise Associates 14 New, F Ann Millner, Franklin J Miller, Fred P Lampropoulos, Joseph Wright, Justin J Lampropoulos, Kent W Stanger, Michael E Stillabower, Nolan E Karras, Raul Jr Parra and Ronald Frost. View Institutional Ownership Trends for Merit Medical Systems.

MMSI stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold Merit Medical Systems company stock in the last year include F Ann Millner, Franklin J Miller, Fred P Lampropoulos, Justin J Lampropoulos, Kent W Stanger, Michael E Stillabower, Nolan E Karras and Raul Jr Parra. View Insider Buying and Selling for Merit Medical Systems.

MMSI stock was acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC and Tocqueville Asset Management L.P.. Company insiders that have bought Merit Medical Systems stock in the last two years include Enterprise Associates 14 New, Raul Jr Parra and Ronald Frost. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MMSI stock can currently be purchased for approximately $36.70.

Merit Medical Systems has a market capitalization of $2.03 billion and generates $882.75 million in revenue each year. The medical instruments supplier earns $42.02 million in net income (profit) each year or $1.69 on an earnings per share basis. Merit Medical Systems employs 5,783 workers across the globe.View Additional Information About Merit Medical Systems.

The official website for Merit Medical Systems is http://www.merit.com/.

Merit Medical Systems' mailing address is 1600 WEST MERIT PARK WAY, SOUTH JORDAN UT, 84095. The medical instruments supplier can be reached via phone at 801-253-1600 or via email at [email protected]