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SurModics Stock Price, Forecast & Analysis (NASDAQ:SRDX)

$39.53
-0.18 (-0.45 %)
(As of 11/18/2019 04:00 PM ET)
Today's Range
$39.30
Now: $39.53
$40.15
50-Day Range
$39.03
MA: $42.90
$46.82
52-Week Range
$38.06
Now: $39.53
$61.72
Volume72,900 shs
Average Volume104,707 shs
Market Capitalization$533.30 million
P/E Ratio54.90
Dividend YieldN/A
Beta1.05
Surmodics, Inc, together with its subsidiaries, provides medical devices and in vitro diagnostic technologies to the healthcare industry in the United States and internationally. The company operates through two segments, Medical Device and In Vitro Diagnostics. The Medical Device segment designs, develops, and manufactures interventional medical devices primarily for the peripheral vascular market; and offers surface modification coating technologies to enhance access, deliverability, and predictable deployment of medical devices, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device for the coronary, peripheral, neuro-vascular, urology, and other markets. Read More…

Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
Current SymbolNASDAQ:SRDX
CUSIP86887310
Phone952-500-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$100.08 million
Cash Flow$0.99 per share
Book Value$8.13 per share

Profitability

Net Income$7.59 million

Miscellaneous

Employees338
Market Cap$533.30 million
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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SurModics (NASDAQ:SRDX) Frequently Asked Questions

What is SurModics' stock symbol?

SurModics trades on the NASDAQ under the ticker symbol "SRDX."

How were SurModics' earnings last quarter?

SurModics, Inc. (NASDAQ:SRDX) released its quarterly earnings data on Thursday, October, 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.02. The company had revenue of $30.82 million for the quarter, compared to analysts' expectations of $28.53 million. SurModics had a net margin of 7.59% and a return on equity of 8.60%. View SurModics' Earnings History.

When is SurModics' next earnings date?

SurModics is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for SurModics.

What guidance has SurModics issued on next quarter's earnings?

SurModics issued an update on its FY 2019 earnings guidance on Wednesday, August, 28th. The company provided earnings per share (EPS) guidance of $0.69-0.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.43. The company issued revenue guidance of $97-99 million, compared to the consensus revenue estimate of $92.62 million.

What price target have analysts set for SRDX?

3 brokerages have issued 1-year price objectives for SurModics' shares. Their forecasts range from $50.00 to $68.00. On average, they anticipate SurModics' share price to reach $60.00 in the next twelve months. This suggests a possible upside of 51.8% from the stock's current price. View Analyst Price Targets for SurModics.

What is the consensus analysts' recommendation for SurModics?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SurModics in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SurModics.

What are Wall Street analysts saying about SurModics stock?

Here are some recent quotes from research analysts about SurModics stock:
  • 1. According to Zacks Investment Research, "Surmodics continues to gain from core Medical Devices unit which witnessed significant contribution from its SurVeil agreement with Abbott. Management anticipates this segment to see double-digit revenue growth in fiscal 2019. Strong sales of the company’s clinical components drove the IVD segment. Management is also optimistic about the ongoing TRANSCEND enrollment. Additionally, the company expects CE mark for SurVeil and other regulatory nods in the near future. The company’s FDA 510 (k) clearance for its Sublime guide sheath for radial access also buoys optimism. Meanwhile, lowered revenue guidance for fiscal 2019 and rising operating expenses remain concerns. the company’s drug-coated balloons face stiff competition in the niche space. Surmodics has underperformed the industry in a year's time." (7/23/2019)
  • 2. Needham & Company LLC analysts commented, "SRDX has embarked upon its whole-product solutions" strategy and has a number of medical devices in development or commercialization that it intends to sell through distribution partners. The potential revenue from these products varies widely; to use a baseball analogy, we think these product opportunities range from potential singles" (e.g. its 510(k) products) to potential home runs" (e.g. its drug-coated balloons or DCBs). Given the multiple moving parts of the SRDX story, we thought it would be worthwhile to conduct a “sum-of-the-parts” (SOTP) analysis. Our SOTP analysis implies that SRDX’s 2020E enterprise value should be ~$1.0B, or ~ $74 per SRDX share. Given this, we raise our price target to $74 from $69 and reiterate our Buy rating. Please contact us or your Needham sales person for our SRDX SOTP spreadsheet." (2/21/2019)

Has SurModics been receiving favorable news coverage?

News headlines about SRDX stock have trended somewhat positive on Monday, according to InfoTrie. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. SurModics earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for SurModics.

Are investors shorting SurModics?

SurModics saw a drop in short interest in the month of October. As of October 31st, there was short interest totalling 400,800 shares, a drop of 22.2% from the September 30th total of 515,300 shares. Based on an average daily trading volume, of 89,900 shares, the short-interest ratio is currently 4.5 days. Currently, 3.1% of the company's shares are sold short. View SurModics' Current Options Chain.

Who are some of SurModics' key competitors?

What other stocks do shareholders of SurModics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SurModics investors own include Netflix (NFLX), NVIDIA (NVDA), Adobe (ADBE), Exelixis (EXEL), Intel (INTC), Tandem Diabetes Care (TNDM), DexCom (DXCM), Micron Technology (MU), Neurocrine Biosciences (NBIX) and Uniqure (QURE).

Who are SurModics' key executives?

SurModics' management team includes the folowing people:
  • Mr. Gary R. Maharaj, CEO, Pres & Director (Age 56)
  • Mr. Timothy J. Arens, Chief Financial Officer (Age 52)
  • Mr. Bryan K. Phillips, Sr. VP of Legal, HR & Information Technology, Gen. Counsel and Sec. (Age 48)
  • Mr. Thomas A. Greaney, Chief Operating Officer of Medical Devices (Age 53)
  • Mr. Gregg S. Sutton, VP of R&D - Medical Devices (Age 59)

Who are SurModics' major shareholders?

SurModics' stock is owned by a number of of institutional and retail investors. Top institutional investors include Teton Advisors Inc. (0.87%), Rhumbline Advisers (0.39%), Assenagon Asset Management S.A. (0.33%), New York State Teachers Retirement System (0.29%), Mackay Shields LLC (0.25%) and Russell Investments Group Ltd. (0.15%). Company insiders that own SurModics stock include Bryan K Phillips, Charles W Olson, Gary R Maharaj, Gregg S Sutton, Jose H Bedoya, Joseph J Stich, Lisa Wipperman Heine, Susan E Knight and Timothy J Arens. View Institutional Ownership Trends for SurModics.

Which institutional investors are selling SurModics stock?

SRDX stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Teton Advisors Inc. and New York State Teachers Retirement System. Company insiders that have sold SurModics company stock in the last year include Gary R Maharaj, Joseph J Stich and Lisa Wipperman Heine. View Insider Buying and Selling for SurModics.

Which institutional investors are buying SurModics stock?

SRDX stock was bought by a variety of institutional investors in the last quarter, including Mackay Shields LLC, AE Wealth Management LLC, State of Alaska Department of Revenue, AdvisorNet Financial Inc, Russell Investments Group Ltd., California Public Employees Retirement System, Synovus Financial Corp and Virginia Retirement Systems ET AL. View Insider Buying and Selling for SurModics.

How do I buy shares of SurModics?

Shares of SRDX 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.

What is SurModics' stock price today?

One share of SRDX stock can currently be purchased for approximately $39.53.

How big of a company is SurModics?

SurModics has a market capitalization of $533.30 million and generates $100.08 million in revenue each year. The company earns $7.59 million in net income (profit) each year or $0.72 on an earnings per share basis. SurModics employs 338 workers across the globe.View Additional Information About SurModics.

What is SurModics' official website?

The official website for SurModics is http://www.surmodics.com/.

How can I contact SurModics?

SurModics' mailing address is 9924 WEST 74TH STREET, EDEN PRAIRIE MN, 55344. The company can be reached via phone at 952-500-7000 or via email at [email protected]


MarketBeat Community Rating for SurModics (NASDAQ SRDX)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  286 (Vote Outperform)
Underperform Votes:  260 (Vote Underperform)
Total Votes:  546
MarketBeat's community ratings are surveys of what our community members think about SurModics and other stocks. Vote "Outperform" if you believe SRDX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SRDX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2019 by MarketBeat.com Staff

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