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NASDAQ:WMGI

Wright Medical Group Stock Forecast, Price & News

$29.98
-0.68 (-2.22 %)
(As of 11/10/2020)
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Today's Range
$29.83
Now: $29.98
$30.72
50-Day Range
$29.98
MA: $30.40
$30.72
52-Week Range
$23.14
Now: $29.98
$30.74
Volume3.30 million shs
Average Volume2.02 million shs
Market Capitalization$3.90 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.57
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 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.08 out of 5 stars


Industry, Sector and Symbol

Industry Surgical appliances & supplies
Sub-IndustryHealth Care Equipment
SectorMedical
Current SymbolNASDAQ:WMGI
CUSIPN8723710
Phone31-20-521-4777
Employees3,030

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$920.90 million
Cash Flow$1.23 per share
Book Value$7.03 per share

Profitability

Net Income$-114,220,000.00

Miscellaneous

Market Cap$3.90 billion
Next Earnings Date2/22/2021 (Estimated)
OptionableOptionable
$29.98
-0.68 (-2.22 %)
(As of 11/10/2020)
30 days | 90 days | 365 days | Advanced Chart

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Wright Medical Group (NASDAQ:WMGI) Frequently Asked Questions

How has Wright Medical Group's stock been impacted by Coronavirus?

Wright Medical Group's stock was trading at $29.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WMGI shares have increased by 1.0% and is now trading at $29.98.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Wright Medical Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wright Medical Group in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Wright Medical Group
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Wright Medical Group?

Wall Street analysts have given Wright Medical Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Wright Medical Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Wright Medical Group's next earnings date?

Wright Medical Group is scheduled to release its next quarterly earnings announcement on Monday, February 22nd 2021.
View our earnings forecast for Wright Medical Group
.

How were Wright Medical Group's earnings last quarter?

Wright Medical Group (NASDAQ:WMGI) posted its earnings results on Wednesday, August, 8th. The medical device company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 3.86% and a negative net margin of 16.59%. The business's revenue was up 14.3% on a year-over-year basis. 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?

4 Wall Street analysts have issued 12-month target prices for Wright Medical Group's stock. Their forecasts range from $30.00 to $30.75. On average, they expect Wright Medical Group's share price to reach $30.38 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
View analysts' price targets for Wright Medical Group
.

Who are some of Wright Medical Group's key 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), Regeneron Pharmaceuticals (REGN), AbbVie (ABBV), Immunomedics (IMMU), Incyte (INCY), NVIDIA (NVDA), Pfizer (PFE), Sarepta Therapeutics (SRPT) and Agilent Technologies (A).

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 75, Pay $2.33M)
  • Mr. Lance A. Berry, Exec. VP and Chief Financial & Operations Officer (Age 48, Pay $918.56k)
  • Mr. James A. Lightman, Sr. VP, Gen. Counsel & Sec. (Age 62, Pay $717.7k)
  • Mr. Kevin D. Cordell, Exec. VP & Chief Global Commercial Officer (Age 54, Pay $901.13k)
  • Mr. Barry J. Regan, Sr. VP of Operations (Age 48, Pay $717.32k)
  • Mr. Jonathan Wesley Porter, Sr. VP & Chief Compliance Officer (Age 50)
  • Ms. Julie D. Dewey, Sr. VP & Chief Communications Officer (Age 59)
  • Mr. Andrew C. Morton, Sr. VP & Chief HR Officer (Age 54)
  • Ms. Jennifer S. Walker, Sr. VP of Process Improvement (Age 52)
  • Ms. Julie B. Andrews, Sr. VP of Global Fin. (Age 49)

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.60%), UBS Oconnor LLC (4.04%), P Schoenfeld Asset Management LP (3.48%), Carlson Capital L P (2.88%), Omni Partners LLP (2.74%) and PSquared Asset Management AG (2.71%). 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, Richard F Wallman, Robert J Palmisano, 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 Zurcher Kantonalbank Zurich Cantonalbank, Carlson Capital L P, ARP Americas LP, BlackRock Inc., GW&K Investment Management LLC, DLD Asset Management LP, TIG Advisors LLC, and CNH Partners LLC. Company insiders that have sold Wright Medical Group company stock in the last year include Barry J Regan, James Lightman, Jennifer S Walker, John L Miclot, Julie Andrews, Kevin D Cordell, 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 bought by a variety of institutional investors in the last quarter, including UBS Oconnor LLC, Omni Partners LLP, PSquared Asset Management AG, Gardner Lewis Asset Management L P, Morgan Stanley, P Schoenfeld Asset Management LP, Anqa Management LLC, and Cowen AND Company 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 $29.98.

How big of a company is Wright Medical Group?

Wright Medical Group has a market capitalization of $3.90 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, 38117. 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 11/30/2020 by MarketBeat.com Staff

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