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NASDAQ:SRDX - SurModics Stock Price, Forecast & News

+0.19 (+0.47 %)
(As of 12/13/2019 04:00 PM ET)
Today's Range
Now: $40.74
50-Day Range
MA: $41.34
52-Week Range
Now: $40.74
Volume89,904 shs
Average Volume79,060 shs
Market Capitalization$552.03 million
P/E Ratio56.58
Dividend YieldN/A
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
Current SymbolNASDAQ:SRDX



Sales & Book Value

Annual Sales$100.08 million
Cash Flow$1.35 per share
Book Value$9.08 per share


Net Income$7.59 million


Market Cap$552.03 million
Next Earnings Date1/29/2020 (Estimated)

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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) posted its earnings results on Thursday, October, 31st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm earned $30.82 million during the quarter, compared to analysts' expectations of $28.53 million. SurModics had a return on equity of 8.48% and a net margin of 7.59%. 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 price target have analysts set for SRDX?

3 brokerages have issued 1 year price targets 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 47.3% 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 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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 been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. SurModics earned a daily sentiment score of -1.8 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for SurModics.

Are investors shorting SurModics?

SurModics saw a decrease in short interest in the month of November. As of November 29th, there was short interest totalling 472,800 shares, a decrease of 5.8% from the November 14th total of 501,800 shares. Based on an average daily trading volume, of 86,300 shares, the short-interest ratio is presently 5.5 days. Currently, 3.6% of the shares of the stock are short sold. 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 variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (3.52%), Disciplined Growth Investors Inc. MN (1.30%), Teton Advisors Inc. (0.87%), Millennium Management LLC (0.65%), Rhumbline Advisers (0.39%) and Squarepoint Ops LLC (0.36%). 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 major investors are selling SurModics stock?

SRDX stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Assenagon Asset Management S.A., State Street Corp, Barclays PLC, Teton Advisors Inc., Squarepoint Ops LLC 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 major investors are buying SurModics stock?

SRDX stock was purchased 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 $40.74.

How big of a company is SurModics?

SurModics has a market capitalization of $552.03 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:  292 (Vote Outperform)
Underperform Votes:  269 (Vote Underperform)
Total Votes:  561
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 12/14/2019 by MarketBeat.com Staff

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