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) issued its quarterly earnings data on Wednesday, November, 7th. The medical device company reported ($0.09) earnings per share for the quarter, beating the Zacks' consensus estimate 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 return on equity of 0.60% and a negative net margin of 13.07%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last 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 updated its FY18 earnings guidance on Wednesday, November, 7th. The company provided 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 brokers have issued 1-year price targets for Wright Medical Group's shares. Their predictions range from $25.00 to $35.00. On average, they expect Wright Medical Group's stock price to reach $32.75 in the next twelve months. This suggests a possible upside of 15.4% 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.

Headlines about WMGI stock have trended positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media 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 nearest to five being the most favorable. Wright Medical Group earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave news stories about the medical device company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term.

Wright Medical Group saw a decrease in short interest during 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 daily trading volume, of 1,088,315 shares, the days-to-cover ratio is currently 14.4 days. Currently, 12.7% of the company's shares are short sold. 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), Establishment Labs (ESTA), Sientra (SIEN), RTI Surgical (RTIX), Invacare (IVC), Lakeland Industries (LAKE), Histogenics (HSGX), ConforMIS (CFMS), COLLPLANT HOLDI/S (CLGN), NanoVibronix (NAOV) and Precision Therapeutics (AIPT).

Wright Medical Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include FMR LLC (17.57%), BlackRock Inc. (8.43%), Capital Research Global Investors (4.34%), Janus Henderson Group PLC (3.10%), Fisher Asset Management LLC (2.58%) and AXA (2.39%). 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 C Oboyle, 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, Point72 Asset Management L.P., Capital Research Global Investors, AXA, Renaissance Technologies LLC, Gabelli Funds LLC, Eaton Vance Management and Fisher Asset Management LLC. Company insiders that have sold Wright Medical Group company stock in the last year include Elizabeth H Weatherman, James Lightman, Jennifer S Walker, Julie Andrews, Kevin C Oboyle, 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, Redmile Group LLC, Partner Fund Management L.P., Janus Henderson Group PLC, Laurion Capital Management LP, Columbus Circle Investors, Glenmede Trust Co. NA and Capital International Investors. 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 $28.39.

Wright Medical Group has a market capitalization of $3.57 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]