NASDAQ:WMGI - Wright Medical Group Stock Price, Price Target & More

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

Wright Medical Group NV (NASDAQ:WMGI) posted its quarterly earnings results on Wednesday, May, 9th. The medical device company reported ($0.01) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.07) by $0.06. The medical device company had revenue of $198.54 million for the quarter, compared to the consensus estimate of $193.69 million. Wright Medical Group had a negative net margin of 22.11% and a negative return on equity of 2.58%. Wright Medical Group's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) earnings per share. View Wright Medical Group's Earnings History.

Wright Medical Group is scheduled to release their next quarterly earnings announcement on Wednesday, August, 8th 2018. View Earnings Estimates for Wright Medical Group.

Wright Medical Group issued an update on its FY18 earnings guidance on Wednesday, May, 9th. The company provided EPS guidance of -$0.23 to -$0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.18). The company issued revenue guidance of $800 million to $812 million, compared to the consensus revenue estimate of $808.46 million.

11 Wall Street analysts have issued 12-month price objectives for Wright Medical Group's stock. Their predictions range from $25.00 to $34.00. On average, they expect Wright Medical Group's share price to reach $29.6667 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price. View Analyst Ratings for Wright Medical Group.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wright Medical Group in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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

Media stories about WMGI stock have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wright Medical Group earned a media sentiment score of 0.05 on Accern's scale. They also assigned media stories about the medical device company an impact score of 45.47 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Wright Medical Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (2.65%) and Peregrine Capital Management LLC (0.84%). Company insiders that own Wright Medical Group stock include David D Stevens, Elizabeth H Weatherman, Gregory Morrison, Jennifer S Walker, John L Miclot, Jonathan Wesley Porter, Julie Andrews, Kevin D Cordell, Lance A Berry, Patrick Fisher, 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 Peregrine Capital Management LLC. Company insiders that have sold Wright Medical Group company stock in the last year include Gregory Morrison, Jennifer S Walker, Julie Andrews, Kevin D Cordell, Lance A Berry, Patrick Fisher and Robert P Burrows III. View Insider Buying and Selling for Wright Medical Group.

WMGI stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC. 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 $25.52.

Wright Medical Group has a market capitalization of $2.70 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.

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]