NASDAQ:WMGIWright Medical Group Stock Price, Forecast & News

$29.89

+0.14 (+0.47 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$29.55

Now: $29.89▼

$29.92

50-Day Range

$27.18

MA: $29.08▼

$29.87

52-Week Range

$19.04

Now: $29.89▼

$32.83

Volume2.09 million shs

Average Volume2.70 million shs

Market Capitalization$3.85 billion

P/E RatioN/A

Dividend YieldN/A

Beta0.71

Wright Medical Group N.V., a medical device company, designs, manufactures, markets, and sells upper and lower extremities, and biologics products in the United States, Europe, the Middle East, Africa, Canada, Asia, Australia, and Latin America. The company offers joint implants and bone fixation devices for the shoulder, elbow, wrist, hand, foot, and ankle; and biologics products that are used for supporting the treatment of damaged or diseased bones, tendons, and soft tissues, as well as to stimulate bone growth. It also provides sports medicines and other products to mechanically repair tissue-to-tissue or tissue-to-bone injuries, as well as other ancillary products. The company primarily offers its products to orthopedic, trauma, and podiatric surgeons. It markets and sells its products through direct sales representatives, independent sales agencies, direct sales offices, and distributors. The company was founded in 1999 and is headquartered in Amsterdam, the Netherlands.

Beat the Market (BTM) Rank^™

1.1 Analyst's Opinion

Consensus Rating
Wright Medical Group has received a consensus rating of Hold. The company's average rating score is 2.15, and is based on 2 buy ratings, 11 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.05, Wright Medical Group has a potential downside of 6.2% from its current price of $29.89.
Amount of Analyst Coverage
Wright Medical Group has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Wright Medical Group has received 560 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Wright Medical Group has received 543 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Wright Medical Group has received 50.77% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Wright Medical Group and other stocks. Vote “Outperform” if you believe WMGI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WMGI will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Wright Medical Group does not currently pay a dividend.
Dividend Growth
Wright Medical Group does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wright Medical Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $775,964.00 in company stock.
Percentage Held by Insiders
Only 3.80% of the stock of Wright Medical Group is held by insiders.
Percentage Held by Institutions
97.66% of the stock of Wright Medical Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Wright Medical Group are expected to grow by 62.22% in the coming year, from $0.45 to $0.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wright Medical Group is -40.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wright Medical Group is -40.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Wright Medical Group has a PEG Ratio of 5.93. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Wright Medical Group has a P/B Ratio of 4.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.29 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Surgical appliances & supplies

Sub-IndustryHealth Care Equipment

SectorMedical

Current SymbolNASDAQ:WMGI

Previous Symbol

CUSIPN8723710

CIK1492658

Webwww.wright.com

Phone31-20-521-4777

Debt

Debt-to-Equity Ratio0.84

Current Ratio0.85

Quick Ratio0.56

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio66.42

P/E Growth5.93

Sales & Book Value

Annual Sales$920.90 million

Price / Sales4.18

Cash Flow$1.28 per share

Price / Cash Flow23.41

Book Value$6.82 per share

Price / Book4.38

Profitability

EPS (Most Recent Fiscal Year)$0.06

Net Income$-114,220,000.00

Net Margins-10.18%

Return on Equity0.69%

Return on Assets0.23%

Miscellaneous

Employees3,030

Outstanding Shares128,888,000

Market Cap$3.85 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Wright Medical Group (NASDAQ:WMGI) Frequently Asked Questions

How has Wright Medical Group's stock been impacted by COVID-19 (Coronavirus)?

Wright Medical Group's stock was trading at $29.68 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WMGI stock has increased by 0.7% and is now trading at $29.89. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 11 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Wright Medical Group.

When is Wright Medical Group's next earnings date?

Wright Medical Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Wright Medical Group.

How were Wright Medical Group's earnings last quarter?

Wright Medical Group NV (NASDAQ:WMGI) posted its earnings results on Wednesday, August, 8th. The medical device company reported ($0.03) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.06) by $0.03. The medical device company had revenue of $205.40 million for the quarter, compared to analyst estimates of $197.20 million. Wright Medical Group had a negative net margin of 10.18% and a positive return on equity of 0.69%. Wright Medical Group's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. View Wright Medical Group's earnings history.

What price target have analysts set for WMGI?

13 Wall Street analysts have issued 1-year price targets for Wright Medical Group's shares. Their forecasts range from $23.00 to $31.00. On average, they expect Wright Medical Group's stock price to reach $28.05 in the next year. This suggests that the stock has a possible downside of 6.2%. View analysts' price targets for Wright Medical Group.

Has Wright Medical Group been receiving favorable news coverage?

Media headlines about WMGI stock have been trending somewhat negative recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news 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. Wright Medical Group earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave media coverage about the medical device 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 immediate future. View the latest news aboutWright Medical Group.

Who are some of Wright Medical Group's key competitors?

Some companies that are related to Wright Medical Group include Abbott Laboratories (ABT), Medtronic (MDT), Stryker (SYK), Intuitive Surgical (ISRG), Becton Dickinson and (BDX), Boston Scientific (BSX), Edwards Lifesciences (EW), Baxter International (BAX), DexCom (DXCM), IDEXX Laboratories (IDXX), ResMed (RMD), Teleflex (TFX), Hologic (HOLX), Steris (STE) and Masimo (MASI). View all competitors.

What other stocks do shareholders of Wright Medical Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Wright Medical Group investors own include Gilead Sciences (GILD), Exelixis (EXEL), Immunomedics (IMMU), Vereit (VER), AbbVie (ABBV), Horizon Therapeutics (HZNP), Johnson & Johnson (JNJ), Novavax (NVAX), Pfizer (PFE) and Regeneron Pharmaceuticals (REGN).

Who are Wright Medical Group's key executives?

Wright Medical Group's management team includes the following people:

Mr. Robert J. Palmisano, Pres, CEO & Exec. Director (Age 74)
Mr. Lance A. Berry, Exec. VP, CFO & COO (Age 47)
Mr. Andrew C. Morton, Sr. VP & Chief HR Officer (Age 53)
Mr. Kevin D. Cordell, Exec. VP & Chief Global Commercial Officer (Age 53)
Mr. Peter S. Cooke, Pres of emerging markets, Australia & Japan (Age 54)

What is Wright Medical Group's stock symbol?

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

Who are Wright Medical Group's major shareholders?

Wright Medical Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.25%), Magnetar Financial LLC (3.87%), ARP Americas LP (2.17%), Segantii Capital Management Ltd (1.89%), Water Island Capital LLC (1.84%) and Grantham Mayo Van Otterloo & Co. LLC (1.78%). Company insiders that own Wright Medical Group stock include Andrew C Morton, Barry J Regan, David D Stevens, Elizabeth H Weatherman, James Lightman, Jennifer S Walker, John L Miclot, Jonathan Wesley Porter, Julie Andrews, Julie D Dewey, Kevin C Oboyle, Kevin D Cordell, Lance A Berry, Patrick Fisher, Peter Cooke, Richard F Wallman, Robert J Palmisano, Robert P Burrows III, Steven P Wallace and Tim Lanier. View institutional ownership trends for Wright Medical Group.

Which major investors are selling Wright Medical Group stock?

WMGI stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Nuance Investments LLC, CNH Partners LLC, Thrivent Financial for Lutherans, Nomura Holdings Inc., Weiss Multi Strategy Advisers LLC, Magnetar Financial LLC, and Balyasny Asset Management LLC. Company insiders that have sold Wright Medical Group company stock in the last year include Barry J Regan, James Lightman, John L Miclot, Jonathan Wesley Porter, Julie Andrews, Julie D Dewey, Kevin D Cordell, Lance A Berry, Patrick Fisher, Steven P Wallace, and Tim Lanier. View insider buying and selling activity for Wright Medical Group.

Which major investors are buying Wright Medical Group stock?

WMGI stock was acquired by a variety of institutional investors in the last quarter, including Segantii Capital Management Ltd, Water Island Capital LLC, Grantham Mayo Van Otterloo & Co. LLC, Soros Fund Management LLC, Dupont Capital Management Corp, Voloridge Investment Management LLC, GABELLI & Co INVESTMENT ADVISERS INC., and IndexIQ Advisors LLC. Company insiders that have bought Wright Medical Group stock in the last two years include Barry J Regan, Elizabeth H Weatherman, Richard F Wallman, and Robert J Palmisano. View insider buying and selling activity for Wright Medical Group.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is Wright Medical Group's stock price today?

One share of WMGI stock can currently be purchased for approximately $29.89.

How big of a company is Wright Medical Group?

Wright Medical Group has a market capitalization of $3.85 billion and generates $920.90 million in revenue each year. The medical device company earns $-114,220,000.00 in net income (profit) each year or $0.06 on an earnings per share basis. Wright Medical Group employs 3,030 workers across the globe.

What is Wright Medical Group's official website?

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

How can I contact Wright Medical Group?

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff