Merit Medical Systems - MMSI Stock Forecast, Price & News

6 Wall Street 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 analysts is that investors should "buy" MMSI shares.
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6 brokerages have issued twelve-month price targets for Merit Medical Systems' stock. Their MMSI share price forecasts range from $72.00 to $80.00. On average, they predict the company's share price to reach $76.33 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
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Merit Medical Systems' stock was trading at $70.62 on January 1st, 2023. Since then, MMSI shares have increased by 0.3% and is now trading at $70.81.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Merit Medical Systems, Inc. (NASDAQ:MMSI) released its quarterly earnings data on Wednesday, February, 22nd. The medical instruments supplier reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Merit Medical Systems's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share.

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), 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), Emerge EMPWR Unified Sustainable Equity ETF (EMPW) and iShares S&P Small-Cap 600 Growth ETF (IJT).

Merit Medical Systems issued an update on its FY23 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share 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.

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 a variety of retail and institutional 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.
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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 $70.81.

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.

The company employs 6,846 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.