NuVasive, Inc., a medical device company, develops and markets minimally-disruptive surgical products and procedurally-integrated solutions for spine surgery. Its products focus on applications for spine fusion surgery, including ancillary products and services used to aid in the surgical procedure. The company's principal product is Maximum Access Surgery, a minimally-disruptive surgical platform, which includes its software-driven nerve detection and avoidance systems, and intraoperative monitoring (IOM) services and support; MaXcess, an integrated split-blade retractor system; and various specialized implants and biologics. Its spine surgery product line offerings comprise products for the thoracolumbar and the cervical spine, which are primarily used to enable surgeons to access the spine and to perform restorative and fusion procedures in a minimally-disruptive fashion. Its biologics products include Osteocel Plus and Pro, a cellular bone matrix; Formagraft, a collagen-based synthetic bone substitute; AttraX, a synthetic bone graft material; and Propel DBM, a moldable demineralized bone matrix putty, which are used for spinal fusion or bone healing process. The company's IOM services are used for onsite and remote monitoring of the neurological systems of patients undergoing spinal and brain-related surgeries. It also provides implants used for interbody disc height restoration; and fixation products, including pedicle screws, rods, and plates. In addition, the company offers Integrated Global Alignment platform for assessing, preserving, and restoring spinal alignment; MAGEC-early onset scoliosis, a spinal bracing and distraction system; and PRECICE, a limb lengthening system. NuVasive, Inc. sells its products to patients, surgeons, hospitals, and insurers through independent sales agents, directly-employed sales personnel, and distributors in the United States and internationally. The company was founded in 1997 and is headquartered in San Diego, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
SymbolNASDAQ:NUVA
CUSIP67070410
Phone858-909-1800
Debt
Debt-to-Equity Ratio0.77
Current Ratio2.41
Quick Ratio1.30
Price-To-Earnings
Trailing P/E Ratio28.07
Forward P/E Ratio21.88
P/E Growth1.62
Sales & Book Value
Annual Sales$1.03 billion
Price / Sales2.67
Cash Flow$4.7068 per share
Price / Cash11.39
Book Value$15.68 per share
Price / Book3.42
Profitability
EPS (Most Recent Fiscal Year)$1.91
Net Income$83 million
Net Margins4.14%
Return on Equity13.14%
Return on Assets6.11%
Miscellaneous
Employees2,600
Outstanding Shares51,260,000
Market Cap$2,767.01
NuVasive (NASDAQ:NUVA) Frequently Asked Questions
What is NuVasive's stock symbol?
NuVasive trades on the NASDAQ under the ticker symbol "NUVA."
How will NuVasive's stock buyback program work?
NuVasive announced that its board has initiated a share buyback plan on Wednesday, October 25th 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
How were NuVasive's earnings last quarter?
NuVasive, Inc. (NASDAQ:NUVA) released its earnings results on Tuesday, May, 1st. The medical device company reported $0.39 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.45 by $0.06. The medical device company had revenue of $260.50 million for the quarter, compared to analysts' expectations of $259.43 million. NuVasive had a net margin of 4.14% and a return on equity of 13.14%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 EPS. View NuVasive's Earnings History.
When is NuVasive's next earnings date?
What guidance has NuVasive issued on next quarter's earnings?
NuVasive issued an update on its FY18 earnings guidance on Tuesday, May, 1st. The company provided EPS guidance of $2.44-2.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.46. The company issued revenue guidance of $1.095-1.105 billion, compared to the consensus revenue estimate of $1.10 billion.
What price target have analysts set for NUVA?
18 brokers have issued 1-year price targets for NuVasive's shares. Their forecasts range from $47.00 to $90.00. On average, they anticipate NuVasive's stock price to reach $65.50 in the next year. This suggests a possible upside of 22.2% from the stock's current price. View Analyst Ratings for NuVasive.
What is the consensus analysts' recommendation for NuVasive?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NuVasive in the last year. There are currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about NuVasive stock?
Here are some recent quotes from research analysts about NuVasive stock:
- 1. According to Zacks Investment Research, "NuVasive has underperformed its industry over the past six months. We note that, the company saw softness in U.S. Spinal Hardware and U.S. Surgical Support businesses in the last reported quarter. Headwinds like Margin drag, pricing pressure, reimbursement issues and competitive landscape are major downsides. However, the international business registering more than 20% growth for the sixth consecutive quarter buoys optimism. Further, efforts like the addition of Lateral Single-Position Surgery to expand its lateral procedural solutions offerings will help the company rebound in the rest of the year. The company also expects to see a 400 bps improvement in gross margins on increasing production in its Ohio manufacturing facility in the second half of 2018. Moreover, we are upbeat about the integration synergy of recently-completed buyout of SafePassage." (7/3/2018)
- 2. Needham & Company LLC analysts commented, "NUVA’s 1Q18 revenue beat and EPS missed consensus. Management reiterated its 2018 revenue and EPS guidance. Organic revenue growth improved to 2% in 1Q18 from 0% in 4Q17 as US Spinal Hardware and biologics growth improved. NUVA’s revenue guidance requires it to accelerate its revenue growth; we believe that it can do this given new products, easing comps, and stabilization of biologics. And its EPS guidance requires a substantial improvement in its gross and operating margin; we believe it can do this with improvements in its new manufacturing plant and SG&A leverage. Unfortunately, both the revenue and margin ramps are likely to continue to make NUVA a show me" story despite its discount P/E multiple." (5/2/2018)
Who are some of NuVasive's key competitors?
Some companies that are related to NuVasive include Dexcom (DXCM), Hill-Rom (HRC), ICU Medical (ICUI), Insulet (PODD), Haemonetics (HAE), Globus Medical (GMED), Penumbra (PEN), Cantel Medical (CMD), Novocure (NVCR), Merit Medical Systems (MMSI), Irhythm Technologies (IRTC), Nevro (NVRO), Mazor Robotics (MZOR), Luminex (LMNX) and Glaukos (GKOS).
Who are NuVasive's key executives?
NuVasive's management team includes the folowing people:
- Mr. Gregory T. Lucier, Chairman & CEO (Age 54)
- Mr. Rajesh J. Asarpota, Exec. VP & CFO (Age 51)
- Mr. Matthew W. Link, Exec. VP of Strategy, Technology & Corp. Devel. (Age 43)
- Dr. Peter M. Leddy, Exec. VP of People & Culture (Age 55)
- Mr. Harry Skip Kiil, Exec. VP of Global Commercial (Age 43)
Has NuVasive been receiving favorable news coverage?
Headlines about NUVA stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. NuVasive earned a news sentiment score of 0.07 on Accern's scale. They also assigned news stories about the medical device company an impact score of 45.33 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are NuVasive's major shareholders?
NuVasive's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (2.47%), DnB Asset Management AS (0.34%), American Capital Management Inc. (0.25%), SG Capital Management LLC (0.04%), Municipal Employees Retirement System of Michigan (0.02%) and Amalgamated Bank (0.02%). Company insiders that own NuVasive stock include Gregory T Lucier, Jason Hannon, Joan Stafslien, Lesley H Howe, Matthew Link, Michael D Ohalleran, Patrick Miles and Peter Michael Leddy. View Institutional Ownership Trends for NuVasive.
Which major investors are selling NuVasive stock?
NUVA stock was sold by a variety of institutional investors in the last quarter, including SG Capital Management LLC, Bank of Montreal Can, Fisher Asset Management LLC, American Capital Management Inc. and Municipal Employees Retirement System of Michigan. View Insider Buying and Selling for NuVasive.
Which major investors are buying NuVasive stock?
NUVA stock was acquired by a variety of institutional investors in the last quarter, including DnB Asset Management AS, Campbell & CO Investment Adviser LLC, Hartford Investment Management Co., Xact Kapitalforvaltning AB and Amalgamated Bank. Company insiders that have bought NuVasive stock in the last two years include Gregory T Lucier, Joan Stafslien, Michael D Ohalleran, Patrick Miles and Peter Michael Leddy. View Insider Buying and Selling for NuVasive.
How do I buy shares of NuVasive?
Shares of NUVA 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, Scottrade, Fidelity and Charles Schwab.
What is NuVasive's stock price today?
One share of NUVA stock can currently be purchased for approximately $53.61.
How big of a company is NuVasive?
NuVasive has a market capitalization of $2.77 billion and generates $1.03 billion in revenue each year. The medical device company earns $83 million in net income (profit) each year or $1.91 on an earnings per share basis. NuVasive employs 2,600 workers across the globe.
How can I contact NuVasive?
NuVasive's mailing address is 7475 LUSK BOULEVARD, SAN DIEGO CA, 92121. The medical device company can be reached via phone at 858-909-1800 or via email at [email protected]
MarketBeat Community Rating for NuVasive (NASDAQ NUVA)
MarketBeat's community ratings are surveys of what our community members think about NuVasive and other stocks. Vote "Outperform" if you believe NUVA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NUVA will underperform the S&P 500 over the long term. You may vote once every thirty days.
