NASDAQ:WMGI - Wright Medical Group Stock Price, News, & Analysis

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$31.87 +0.52 (+1.66 %)
(As of 02/17/2019 01:37 AM ET)
Previous Close$31.87
Today's Range$31.27 - $32.05
52-Week Range$19.01 - $32.05
Volume2.08 million shs
Average Volume1.72 million shs
Market Capitalization$3.99 billion
P/E Ratio-144.86
Dividend YieldN/A
Beta1.03
Wright Medical Group NV operates as a global medical device company, which engages in the design, manufacture, and distribution of biologic products. It provides surgical solutions for the foot and ankle market and its products include large joint implants for the hip and knee, extremity implants for the shoulder, elbow, hand, wrist and foot and biologic products, including bone graft substitutes. The company was founded by Frank O. Wright in 1950 and is headquartered in Arlington, TN.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$744.99 million
Cash Flow$1.0986 per share
Book Value$5.57 per share

Profitability

Net Income$-202,590,000.00

Miscellaneous

Employees2,675
Market Cap$3.99 billion
OptionableOptionable

Wright Medical Group (NASDAQ:WMGI) Frequently Asked Questions

What is Wright Medical Group's stock symbol?

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

How often does Wright Medical Group pay dividends? What is the dividend yield for Wright Medical Group?

Wright Medical Group declared a dividend on Tuesday, December 11th. Stockholders of record on Wednesday, December 5th will be paid a dividend of $1.50 per share on Monday, December 10th. The ex-dividend date is Wednesday, December 12th. View Wright Medical Group's Dividend History.

How were Wright Medical Group's earnings last quarter?

Wright Medical Group NV (NASDAQ:WMGI) issued its quarterly earnings results on Wednesday, August, 8th. The medical device company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.06) by $0.03. The medical device company earned $205.40 million during the quarter, compared to the consensus estimate of $197.20 million. Wright Medical Group had a negative return on equity of 0.60% and a negative net margin of 13.07%. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. View Wright Medical Group's Earnings History.

When is Wright Medical Group's next earnings date?

Wright Medical Group is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for Wright Medical Group.

How can I listen to Wright Medical Group's earnings call?

Wright Medical Group will be holding an earnings conference call on Tuesday, February 26th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

What guidance has Wright Medical Group issued on next quarter's earnings?

Wright Medical Group issued an update on its FY 2018 earnings guidance on Monday, January, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $836.2-836.2 million, compared to the consensus revenue estimate of $834 million.Wright Medical Group also updated its Q4 2018 guidance to EPS.

What price target have analysts set for WMGI?

15 brokers have issued 1 year target prices for Wright Medical Group's shares. Their predictions range from $25.00 to $35.00. On average, they anticipate Wright Medical Group's share price to reach $32.6429 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price. View Analyst Price Targets for Wright Medical Group.

What is the consensus analysts' recommendation for Wright Medical Group?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wright Medical Group in the last year. There are currently 2 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Wright Medical Group.

What are Wall Street analysts saying about Wright Medical Group stock?

Here are some recent quotes from research analysts about Wright Medical Group stock:
  • 1. Needham & Company LLC analysts commented, "On 1/7/19, WMGI guided to above consensus 4Q18 preliminary revenue and provided new long-term financial targets for 2019 through 2021. Organic revenue growth slowed to 10% (adjusting for selling days) in 4Q18 from 14% in 3Q18. Strong US Lower Extremities growth was slightly offset by a slowdown in the US Upper Extremities business though we note that US Upper Extremities faced its toughest comp of the year. And WMGI announced two management changes that we think may be CEO succession planning. While we currently model ~11% organic growth in 2019, we expect Cartiva, a stronger US Lower Extremities sales force, and recently launched products to drive upside to consensus and we reiterate our Buy rating." (1/7/2019)
  • 2. Cantor Fitzgerald analysts commented, "We reiterate our Overweight rating and a 12-month price target of $35 on shares of WMGI. We think WMGI is positioned to outperform expectations in 2018 with multiple drivers across each of its three primary segments (lower extremities, upper extremities, and biologics) to accelerate growth. We see WMGI’s valuation as attractive, as we expect innovative products to help WMGI to capitalize on the evolving market trends. Valuation Summary We base our $35 price target on a ~5.5x EV/Sales multiple on our 2019 sales estimate." (12/10/2018)

Has Wright Medical Group been receiving favorable news coverage?

Press coverage about WMGI stock has been trending neutral on Saturday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. 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 news impact score of 0.2 on InfoTrie's scale. They also assigned media stories about the medical device company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

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

Who are Wright Medical Group's key executives?

Wright Medical Group's management team includes the folowing people:
  • Robert J. Palmisano, President, CEO & Executive Director
  • Lance A. Berry, Executive VP, Chief Financial & Operations Officer
  • Jonathan Wesley Porter, Chief Compliance Officer & Senior Vice President
  • Kevin D. Cordell, Executive VP & Chief Global Commercial Officer
  • James Andrew Lightman, Secretary, Senior Vice President & General Counsel

Who are Wright Medical Group's major shareholders?

Wright Medical Group's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.28%), Orbimed Advisors LLC (3.92%), Fisher Asset Management LLC (2.38%), Macquarie Group Ltd. (2.03%), Northern Trust Corp (1.48%) and Fiera Capital Corp (1.27%). 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 and Robert P Burrows III. View Institutional Ownership Trends for Wright Medical Group.

Which institutional investors are selling Wright Medical Group stock?

WMGI stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Barclays PLC, Orbimed Advisors LLC, Westfield Capital Management Co. LP, Tekla Capital Management LLC, Keeley Teton Advisors LLC, GSA Capital Partners LLP and GW&K Investment 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.

Which institutional investors are buying Wright Medical Group stock?

WMGI stock was purchased by a variety of institutional investors in the last quarter, including Fiera Capital Corp, Partner Fund Management L.P., Columbus Circle Investors, Castleark Management LLC, Dimensional Fund Advisors LP, Impax Asset Management Group plc, New York State Common Retirement Fund and Fisher Asset Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Wright Medical Group's stock price today?

One share of WMGI stock can currently be purchased for approximately $31.87.

How big of a company is Wright Medical Group?

Wright Medical Group has a market capitalization of $3.99 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.

What is Wright Medical Group's official website?

The official website for Wright Medical Group is http://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]


MarketBeat Community Rating for Wright Medical Group (NASDAQ WMGI)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  472 (Vote Outperform)
Underperform Votes:  443 (Vote Underperform)
Total Votes:  915
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.
This page was last updated on 2/17/2019 by MarketBeat.com Staff

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