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 earnings results on Wednesday, May, 9th. The medical device company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.07) by $0.06. The medical device company had revenue of $198.54 million for the quarter, compared to analysts' expectations of $193.69 million. Wright Medical Group had a negative return on equity of 2.58% and a negative net margin of 22.11%. The business's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($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 updated its FY18 earnings guidance on Wednesday, May, 9th. The company provided earnings per share (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 equities research analysts have issued 12 month price objectives for Wright Medical Group's shares. Their forecasts range from $25.00 to $34.00. On average, they anticipate Wright Medical Group's stock price to reach $29.6667 in the next year. This suggests a possible upside of 18.7% 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 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), Histogenics (HSGX), ConforMIS (CFMS), Rewalk Robotics (RWLK), COLLPLANT HOLDI/S (CLGN), NanoVibronix (NAOV) and Precision Therapeutics (AIPT).

Headlines about WMGI stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wright Medical Group earned a news sentiment score of 0.06 on Accern's scale. They also gave news articles about the medical device company an impact score of 49.15 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Wright Medical Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (2.65%), Peregrine Capital Management LLC (0.84%), Chicago Capital LLC (0.62%), Mitsubishi UFJ Asset Management UK Ltd. (0.09%), Pendal Group Ltd (0.05%) and Amalgamated Bank (0.02%). 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 acquired by a variety of institutional investors in the last quarter, including Chicago Capital LLC, Mitsubishi UFJ Asset Management UK Ltd., Fisher Asset Management LLC, Pendal Group Ltd, Hartford Investment Management Co. and Amalgamated Bank. 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 $24.99.

Wright Medical Group has a market capitalization of $2.65 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]