Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: Cardiovascular, Rhythm Management, and MedSurg. The company offers interventional cardiology products, including drug-eluting coronary stent systems used in the treatment of coronary artery disease; percutaneous coronary interventions therapy products to treat atherosclerosis; intravascular catheter-directed ultrasound imaging catheters, fractional flow reserve devices, and systems for use in coronary arteries and heart chambers, as well as certain peripheral vessels; and structural heart therapy systems. It also provides stents, balloon catheters, wires, and atherectomy systems to treat arterial diseases; thrombectomy systems, wires, and stents to treat venous diseases; and peripheral embolization devices, microcatheters, and drainage catheters to treat various cancers. In addition, the company offers cardiac rhythm management devices, such as implantable cardioverter defibrillator systems to treat abnormalities; remote patient management system; implantable cardiac resynchronization therapy pacemaker systems; and medical technologies to diagnose and treat rate and rhythm disorders of the heart comprising ablation catheters, intracardiac ultrasound catheters, diagnostic catheters, delivery sheaths, mapping system, and other accessories. Further, it provides products to diagnose and treat diseases of the gastrointestinal and pulmonary conditions; devices to diagnose, treat, and palliate pulmonary diseases within the airway and lungs; and products to treat various urological and pelvic conditions; deep brain stimulation systems for the treatment of parkinson's disease, tremor, and intractable primary and secondary dystonia; and spinal cord stimulator systems for the management of chronic pain. The company was founded in 1979 and is headquartered in Marlborough, Massachusetts.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
SymbolNYSE:BSX
CUSIP10113710
Phone508-683-4000
Debt
Debt-to-Equity Ratio0.62
Current Ratio0.83
Quick Ratio0.60
Price-To-Earnings
Trailing P/E Ratio29.00
Forward P/E Ratio26.29
P/E Growth2.54
Sales & Book Value
Annual Sales$9.05 billion
Price / Sales5.58
Cash Flow$1.8942 per share
Price / Cash19.29
Book Value$5.11 per share
Price / Book7.15
Profitability
EPS (Most Recent Fiscal Year)$1.26
Net Income$105 million
Net Margins5.48%
Return on Equity26.35%
Return on Assets10.12%
Miscellaneous
Employees29,000
Outstanding Shares1,382,930,000
Market Cap$50.53 billion
Boston Scientific (NYSE:BSX) Frequently Asked Questions
What is Boston Scientific's stock symbol?
Boston Scientific trades on the New York Stock Exchange (NYSE) under the ticker symbol "BSX."
How were Boston Scientific's earnings last quarter?
Boston Scientific Co. (NYSE:BSX) announced its quarterly earnings results on Wednesday, July, 25th. The medical equipment provider reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The medical equipment provider earned $2.49 billion during the quarter, compared to analyst estimates of $2.47 billion. Boston Scientific had a return on equity of 26.35% and a net margin of 5.48%. The firm's revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. View Boston Scientific's Earnings History.
When is Boston Scientific's next earnings date?
How can I listen to Boston Scientific's earnings call?
Boston Scientific will be holding an earnings conference call on Wednesday, October 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What guidance has Boston Scientific issued on next quarter's earnings?
Boston Scientific issued an update on its FY18 earnings guidance on Wednesday, July, 25th. The company provided earnings per share guidance of $1.37-1.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. The company issued revenue guidance of +8-9% to $9.80-9.88 billion, compared to the consensus revenue estimate of $9.82 billion.Boston Scientific also updated its Q3 guidance to $0.33-0.35 EPS.
What price target have analysts set for BSX?
23 analysts have issued 1-year target prices for Boston Scientific's stock. Their forecasts range from $27.00 to $48.00. On average, they expect Boston Scientific's share price to reach $38.4091 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price. View Analyst Price Targets for Boston Scientific.
What is the consensus analysts' recommendation for Boston Scientific?
23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boston Scientific in the last year. There are currently 2 hold ratings, 18 buy ratings and 3 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Boston Scientific.
What are Wall Street analysts saying about Boston Scientific stock?
Here are some recent quotes from research analysts about Boston Scientific stock:
- 1. Needham & Company LLC analysts commented, "BSX announced it is acquiring the private company Augmenix for $500M cash up front and up to $100M in milestones. Augmenix’s SpaceOAR reduces side effects associated with prostate radiotherapy. BSX expects the deal to be immaterial to its adjusted EPS through 2019 and increasingly accretive beginning in 2020. The SpaceOAR hydrogel is CE Marked and FDA cleared and serves an estimated $750M market. We expect the deal to strengthen BSX’s Urology & Pelvic Health business. We expect BSX’s string of acquisitions in 2018 (including Augmenix) to combine to provide a material benefit to its longer-term organic growth and we reiterate our Strong Buy rating and raise our price target to $43 from $39." (9/7/2018)
- 2. According to Zacks Investment Research, "Boston Scientific's delay in the relaunch of the Lotus range of heart devices is expected to hamper sales in 2018 too. We are also concerned about the declining worldwide pacemaker sales hurting Boston Scientific’s CRM business. A competitive market also adds to the woes. However, the company has been gaining from impressive growth across all its business lines and geographies. The 2018 view also paints a bright picture for the near term. Boston Scientific achieved clinical milestones for Ranger Drug Coated Balloon and WATCHMAN Left Atrial Appendage Closure device. Also, post the suspension of Lotus valve in Europe, ACURATE TAVR valve platform continues to build momentum. Lately, the company announced several strategic acquisitions including NxThera and nVision in Urology and Pelvic Health, EmCision in Endoscopy, Securus in EP and Millipede in Structural Heart. Overall, Boston Scientific outperformed its industry in a year’s time." (7/17/2018)
- 3. Canaccord Genuity analysts commented, "We reiterate our BUY rating and $35 year-end target price on shares of BSX. Our key takeaways from our meeting last week with senior management in San Francisco (as well as incremental tidbits we gleaned over the weekend at the North American Neuromodulation Society (NANS) conference in Vegas) support our general hypothesis on the stock: We expect BSX to deliver top- and bottom-line growth rates above the large-cap medical device peer group average over the 2018-2020 timeframe." (1/17/2018)
Who are some of Boston Scientific's key competitors?
Some companies that are related to Boston Scientific include 3M (MMM), Becton Dickinson and (BDX), Stryker (SYK), FRESENIUS SE &/S (FSNUY), Baxter International (BAX), ABIOMED (ABMD), ResMed (RMD), DexCom (DXCM), Teleflex (TFX), Hill-Rom (HRC), Haemonetics (HAE), ICU Medical (ICUI), Integra Lifesciences (IART), Insulet (PODD) and Globus Medical (GMED).
Who are Boston Scientific's key executives?
Boston Scientific's management team includes the folowing people:
- Mr. Michael F. Mahoney, Chairman, Pres & CEO (Age 53)
- Mr. Daniel J. Brennan, Exec. VP & CFO (Age 52)
- Mr. Joseph M. Fitzgerald, Exec. VP & Pres of Rhythm Management (Age 54)
- Mr. Kevin J. Ballinger, Exec. VP & Pres of Interventional Cardiology (Age 45)
- Mr. Edward F. Mackey, Exec. VP of Operations (Age 55)
Who are Boston Scientific's major shareholders?
Boston Scientific's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Atalanta Sosnoff Capital LLC (0.09%), Bank of Montreal Can (0.08%), Gateway Investment Advisers LLC (0.05%), Aperio Group LLC (0.05%), Strs Ohio (0.05%) and Nisa Investment Advisors LLC (0.03%). Company insiders that own Boston Scientific stock include Arthur C Butcher, Daniel J Brennan, David A Pierce, Eric Francis Yves Thepaut, Jeffrey B Mirviss, John Bradley Sorenson, John E Sununu, Joseph Michael Fitzgerald, Keith D Dawkins, Kevin J Ballinger, Maulik Nanavaty, Michael F Mahoney, Michael P Phalen, Supratim Bose, Timothy A Pratt, Valley Gold Master Fund L Sun and Wendy Carruthers. View Institutional Ownership Trends for Boston Scientific.
Which institutional investors are selling Boston Scientific stock?
BSX stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Strs Ohio, Atalanta Sosnoff Capital LLC, Sumitomo Life Insurance Co., North Growth Management Ltd., State of Alaska Department of Revenue, Banced Corp and Huntington National Bank. Company insiders that have sold Boston Scientific company stock in the last year include Arthur C Butcher, Daniel J Brennan, David A Pierce, Eric Francis Yves Thepaut, Jeffrey B Mirviss, John Bradley Sorenson, John E Sununu, Joseph Michael Fitzgerald, Kevin J Ballinger, Maulik Nanavaty, Michael F Mahoney, Michael P Phalen and Timothy A Pratt. View Insider Buying and Selling for Boston Scientific.
Which institutional investors are buying Boston Scientific stock?
BSX stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Barometer Capital Management Inc., Polaris Greystone Financial Group LLC, JCIC Asset Management Inc., Rathbone Brothers plc, Nisa Investment Advisors LLC, Andra AP fonden and First Hawaiian Bank. Company insiders that have bought Boston Scientific stock in the last two years include John E Sununu and Valley Gold Master Fund L Sun. View Insider Buying and Selling for Boston Scientific.
How do I buy shares of Boston Scientific?
Shares of BSX 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 Boston Scientific's stock price today?
One share of BSX stock can currently be purchased for approximately $36.54.
How big of a company is Boston Scientific?
Boston Scientific has a market capitalization of $50.53 billion and generates $9.05 billion in revenue each year. The medical equipment provider earns $105 million in net income (profit) each year or $1.26 on an earnings per share basis. Boston Scientific employs 29,000 workers across the globe.
What is Boston Scientific's official website?
How can I contact Boston Scientific?
Boston Scientific's mailing address is 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA, 01752. The medical equipment provider can be reached via phone at 508-683-4000 or via email at [email protected]
MarketBeat Community Rating for Boston Scientific (NYSE BSX)
MarketBeat's community ratings are surveys of what our community members think about Boston Scientific and other stocks. Vote "Outperform" if you believe BSX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BSX will underperform the S&P 500 over the long term. You may vote once every thirty days.
