NASDAQ:WMGI - Wright Medical Group Stock Price, News, & Analysis

Wright Medical Group trades on the NASDAQ under the ticker symbol "WMGI."

Wright Medical Group NV (NASDAQ:WMGI) announced its quarterly earnings results on Wednesday, November, 7th. The medical device company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.06. The medical device company earned $194.11 million during the quarter, compared to analyst estimates of $186.09 million. Wright Medical Group had a negative net margin of 13.07% and a negative return on equity of 0.70%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) earnings per share. View Wright Medical Group's Earnings History.

Wright Medical Group is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Wright Medical Group.

Wright Medical Group issued an update on its FY18 earnings guidance on Wednesday, November, 7th. The company provided earnings per share (EPS) guidance of ($0.08)-($0.03) for the period, compared to the Thomson Reuters consensus estimate of ($0.15). The company issued revenue guidance of $825-828 million, compared to the consensus revenue estimate of $827.65 million.Wright Medical Group also updated its FY 2018 guidance to $-0.08--0.03 EPS.

13 Wall Street analysts have issued 1 year target prices for Wright Medical Group's stock. Their predictions range from $25.00 to $35.00. On average, they expect Wright Medical Group's share price to reach $32.75 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price. View Analyst Price Targets for Wright Medical Group.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wright Medical Group in the last year. There are currently 1 hold rating and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Wright Medical Group.

News coverage about WMGI stock has trended somewhat positive recently, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Wright Medical Group earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave media coverage about the medical device company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future.

Wright Medical Group saw a decrease in short interest in the month of October. As of October 15th, there was short interest totalling 15,721,342 shares, a decrease of 7.5% from the September 28th total of 17,000,936 shares. Based on an average trading volume of 1,088,315 shares, the days-to-cover ratio is currently 14.4 days. Approximately 12.7% of the shares of the company are sold short. View Wright Medical Group's Current Options Chain.

Some companies that are related to Wright Medical Group include Steris (STE), WILLIAM DEMANT/ADR (WILYY), MSA Safety (MSA), Inogen (INGN), Avanos Medical (AVNS), Sientra (SIEN), Establishment Labs (ESTA), RTI Surgical (RTIX), Invacare (IVC), Lakeland Industries (LAKE), ConforMIS (CFMS), Rewalk Robotics (RWLK), COLLPLANT HOLDI/S (CLGN), NanoVibronix (NAOV) and Histogenics (HSGX).

Wright Medical Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (17.57%), BlackRock Inc. (8.43%), Janus Henderson Group PLC (3.10%), Fisher Asset Management LLC (2.58%), AXA (2.39%) and GW&K Investment Management LLC (1.25%). Company insiders that own Wright Medical Group stock include David D Stevens, Elizabeth H Weatherman, Gregory Morrison, James Lightman, Jennifer S Walker, John L Miclot, Jonathan Wesley Porter, Julie Andrews, Kevin D Cordell, Lance A Berry, Patrick Fisher, Peter Cooke, Richard F Wallman, Robert P Burrows III and Sean Carney. View Institutional Ownership Trends for Wright Medical Group.

WMGI stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, AXA, Gabelli Funds LLC, Fisher Asset Management LLC, Elk Creek Partners LLC, Gamco Investors INC. ET AL, GW&K Investment Management LLC and Mitsubishi UFJ Asset Management UK Ltd.. Company insiders that have sold Wright Medical Group company stock in the last year include Gregory Morrison, James Lightman, Jennifer S Walker, Julie Andrews, Kevin D Cordell, Lance A Berry, Patrick Fisher, Peter Cooke and Robert P Burrows III. View Insider Buying and Selling for Wright Medical Group.

WMGI stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Janus Henderson Group PLC, Columbus Circle Investors, Engineers Gate Manager LP, Alliancebernstein L.P., First Trust Advisors LP, BlackRock Inc. and Tygh Capital Management Inc.. View Insider Buying and Selling for Wright Medical Group.

Shares of WMGI 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.

One share of WMGI stock can currently be purchased for approximately $29.77.

Wright Medical Group has a market capitalization of $3.22 billion and generates $744.99 million in revenue each year. The medical device company earns $-202,590,000.00 in net income (profit) each year or ($0.22) on an earnings per share basis. Wright Medical Group employs 2,675 workers across the globe.

The official website for Wright Medical Group is http://www.wright.com.

Wright Medical Group's mailing address is PRINS BERNHARDPLEIN 200, AMSTERDAM P7, 1097 JB. The medical device company can be reached via phone at 31-20-521-4777 or via email at [email protected]