Globus Medical Company Profile (NYSE:GMED)

About Globus Medical (NYSE:GMED)

Globus Medical logoGlobus Medical, Inc. (Globus) is a medical device company focused on the design, development and commercialization of musculoskeletal implants that promote healing in patients with spine disorders. The Company is focused on implants that promote healing in patients with spine disorders. The Company's products fall into one of two categories: Innovative Fusion or Disruptive Technologies. The Company sells its products through exclusive sales force in the United States, as well as within North, Central & South America, Europe, Asia, Africa and Australia. The sales force consists of direct sales representatives and distributor sales representatives employed by exclusive independent distributors.

Industry, Sector and Symbol:
  • Sector: Medical
  • Industry: Medical Appliances & Equipment
  • Sub-Industry: Health Care Equipment
  • Symbol: NYSE:GMED
  • CUSIP: 37957720
  • Web: www.globusmedical.com
Capitalization:
  • Market Cap: $2.8 billion
  • Outstanding Shares: 96,291,000
Average Prices:
  • 50 Day Moving Avg: $29.82
  • 200 Day Moving Avg: $30.72
  • 52 Week Range: $19.25 - $34.03
P/E:
  • Trailing P/E Ratio: 26.38
  • Foreward P/E Ratio: 20.75
  • P/E Growth: 2.18
Sales & Book Value:
  • Annual Revenue: $595.44 million
  • Price / Sales: 4.70
  • Book Value: $9.40 per share
  • Price / Book: 3.09
Profitability:
  • EBIDTA: $207.13 million
  • Net Margins: 18.12%
  • Return on Equity: 13.99%
  • Return on Assets: 12.63%
Debt:
  • Current Ratio: 7.75%
  • Quick Ratio: 6.14%
Misc:
  • Average Volume: 624,581 shs.
  • Beta: 0.6
  • Short Ratio: 19.21
 

Frequently Asked Questions for Globus Medical (NYSE:GMED)

What is Globus Medical's stock symbol?

Globus Medical trades on the New York Stock Exchange (NYSE) under the ticker symbol "GMED."

How were Globus Medical's earnings last quarter?

Globus Medical, Inc. (NYSE:GMED) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.32 EPS for the quarter, beating the Zacks' consensus estimate of $0.30 by $0.02. The firm earned $152.39 million during the quarter, compared to analysts' expectations of $150.94 million. Globus Medical had a return on equity of 13.99% and a net margin of 18.12%. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. View Globus Medical's Earnings History.

When will Globus Medical make its next earnings announcement?

Globus Medical is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Globus Medical.

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

Globus Medical issued an update on its FY17 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $1.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.27. The company issued revenue guidance of $625 million, compared to the consensus revenue estimate of $625.81 million.

Where is Globus Medical's stock going? Where will Globus Medical's stock price be in 2017?

11 brokerages have issued 1-year price objectives for Globus Medical's shares. Their forecasts range from $23.00 to $38.00. On average, they anticipate Globus Medical's share price to reach $30.71 in the next twelve months. View Analyst Ratings for Globus Medical.

What are analysts saying about Globus Medical stock?

Here are some recent quotes from research analysts about Globus Medical stock:

  • 1. According to Zacks Investment Research, "Globus Medical, Inc. is a medical device company focused on the design, development and commercialization of products that promote healing in patients with spine disorders. The Company's products fall into one of two categories: innovative fusion or disruptive technologies. Its innovative fusion products address a broad range of spinal fusion surgical procedures. Its disruptive technology products include minimally invasive surgical, motion preservation and advanced biomaterials technologies. Globus Medical, Inc. is based in Audubon, Pennsylvania. " (9/14/2017)
  • 2. Barclays PLC analysts commented, "ELGX’s 2Q17 sales of $48.6M (-4.7%) came in ahead of our/consensus estimates of $47.6M; higher OUS sales offset lighter US results impacted by sales force attrition and lower AFX2 sales recapture. Ovation growth remained strong. Net loss was better on higher sales, better GM, and lower opex. ELGX lowered FY17 guidance by $9M at the midpoint to $185-190M on lower AFX2 sales recapture and sales force attrition. ELGX expects to begin PMA enrollment for Gen2 Nellix in late 2017/early 2018. We expect a slight uptick in 2H17 sales as AFX2 US softness continues, offset by Ovation US growth. We assume higher growth in ’18 versus ’17 on easier ’17 comps from both AFX manufacturing issues and the narrowed Nellix IFU." (8/3/2017)
  • 3. Aegis analysts commented, "GMED reported 4Q16 non-GAAP EPS and revenues of $0.31 and $151.6 million (6.3%/6.5% cc), respectively, with EPS 2 cents short of our and consensus estimates and revenues in line with preliminary reported revenues. Gross margins for the quarter were 74.3%, down from 75.4% in 4Q15 due to one-time accounting adjustments and acquisition-related costs. Despite increasing investments, management maintained strong non-GAAP adjusted EBITDA margins of 37.7% though non-GAAP EPS fell short by 2 cents. During the call management emphasized that sales force issues are now behind them and, most importantly, that they expect to see a return to positive organic US growth in 1Q17. Management believes that this is the inflection point and is re-affirming FY2017 guidance of $625 million in revenues and $1.27 in EPS ' roughly 6.4% organic top-line growth. We believe US approval of its Excelsius GPS robot (expected by mid-year) and build out of its trauma business will provide upside to the business, where management is assuming a modest $10 million in emerging technologies contribution in 2017. We re-iterate our Buy rating and $31 TP." (2/28/2017)

Who are some of Globus Medical's key competitors?

Who owns Globus Medical stock?

Globus Medical's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.32%), Vanguard Group Inc. (7.91%), Janus Henderson Group PLC (3.72%), Bank of New York Mellon Corp (2.73%), State Street Corp (3.29%) and Van Berkom & Associates Inc. (2.06%). Company insiders that own Globus Medical stock include A Brett Murphy, Anthony L Williams, Kurt Wheeler and Robert Liptak. View Institutional Ownership Trends for Globus Medical.

Who sold Globus Medical stock? Who is selling Globus Medical stock?

Globus Medical's stock was sold by a variety of institutional investors in the last quarter, including Nuance Investments LLC, Citadel Advisors LLC, The Manufacturers Life Insurance Company , BTIM Corp., Pier Capital LLC, Aberdeen Asset Management PLC UK, Royal Bank of Canada and GW&K Investment Management LLC. Company insiders that have sold Globus Medical stock in the last year include A Brett Murphy and Anthony L Williams. View Insider Buying and Selling for Globus Medical.

Who bought Globus Medical stock? Who is buying Globus Medical stock?

Globus Medical's stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Marathon Asset Management LLP, Koch Industries Inc., Monarch Partners Asset Management LLC, Meritage Portfolio Management, State Street Corp, Arrowstreet Capital Limited Partnership and RK Asset Management LLC. View Insider Buying and Selling for Globus Medical.

How do I buy Globus Medical stock?

Shares of Globus Medical can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Globus Medical's stock price today?

One share of Globus Medical stock can currently be purchased for approximately $29.05.


MarketBeat Community Rating for Globus Medical (NYSE GMED)
Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  285 (Vote Outperform)
Underperform Votes:  198 (Vote Underperform)
Total Votes:  483
MarketBeat's community ratings are surveys of what our community members think about Globus Medical and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Globus Medical (NYSE:GMED) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 5 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.36)
Consensus Price Target: $30.71 (5.73% upside)

Analysts' Ratings History for Globus Medical (NYSE:GMED)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/22/2017Canaccord GenuityReiterated RatingBuy$38.00LowView Rating Details
9/7/2017BTIG ResearchInitiated CoverageBuy$37.00LowView Rating Details
8/30/2017Oppenheimer Holdings, Inc.Reiterated RatingHoldHighView Rating Details
8/9/2017Barclays PLCReiterated RatingUnderweight$30.00 -> $28.00LowView Rating Details
8/4/2017GabelliReiterated RatingBuyLowView Rating Details
7/11/2017Morgan StanleyReiterated RatingEqual WeightLowView Rating Details
4/12/2017Leerink SwannUpgradeMarket Perform -> OutperformHighView Rating Details
2/28/2017AegisReiterated RatingBuy$31.00N/AView Rating Details
11/9/2016William BlairDowngradeOutperform -> Market PerformN/AView Rating Details
11/9/2016Citigroup Inc.DowngradeMarket Perform$29.00 -> $23.00N/AView Rating Details
11/9/2016JMP SecuritiesDowngradeOutperform -> Market PerformN/AView Rating Details
7/27/2016Wells Fargo & CompanyDowngradeOutperform -> Market Perform$23.00N/AView Rating Details
6/25/2016Piper Jaffray CompaniesReiterated RatingOverweight$29.00N/AView Rating Details
5/26/2016Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$21.00N/AView Rating Details
5/4/2016Brean CapitalReiterated RatingBuyN/AView Rating Details
1/8/2016Bank of America CorporationDowngradeBuy -> Underperform$28.00N/AView Rating Details
(Data available from 9/26/2015 forward)

Earnings

Earnings History for Globus Medical (NYSE:GMED)
Earnings by Quarter for Globus Medical (NYSE:GMED)
Earnings History by Quarter for Globus Medical (NYSE GMED)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017$0.30N/AView Earnings Details
8/2/2017Q2 2017$0.30$0.32$150.94 million$152.39 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.31$0.32$155.81 millionViewListenView Earnings Details
2/27/2017Q416$0.33$0.31$149.30 million$151.59 millionViewListenView Earnings Details
11/8/2016Q3$0.28$0.29$139.25 million$135.70 millionViewListenView Earnings Details
7/26/2016Q2$0.29$0.29$141.78 million$137.49 millionViewListenView Earnings Details
5/3/2016Q1$0.28$0.29$140.30 million$139.30 millionViewListenView Earnings Details
2/24/2016Q4$0.30$0.32$141.20 million$142.60 millionViewListenView Earnings Details
11/3/2015Q3$0.25$0.28$127.46 million$137.00 millionViewListenView Earnings Details
7/30/2015Q215$0.25$0.25$126.89 million$133.60 millionViewListenView Earnings Details
5/5/2015Q115$0.24$0.26$122.30 million$131.60 millionViewListenView Earnings Details
2/25/2015Q414$0.25$0.30$127.77 million$128.80 millionViewListenView Earnings Details
10/30/2014Q314$0.21$0.24$113.10 million$117.80 millionViewListenView Earnings Details
8/5/2014Q214$0.23$0.23$119.83 million$113.60 millionViewListenView Earnings Details
4/29/2014Q114$0.22$0.24$113.59 million$114.20 millionViewListenView Earnings Details
2/26/2014Q413$0.22$0.25$114.96 million$115.20 millionViewListenView Earnings Details
10/30/2013Q313$0.19$0.22$106.00 million$107.19 millionViewListenView Earnings Details
8/1/2013Q2 2013$0.20$0.21$107.46 million$107.00 millionViewListenView Earnings Details
5/2/2013Q1 2013$0.20$0.21$103.14 million$105.00 millionViewListenView Earnings Details
2/27/2013Q4 2012$0.19$0.22$99.13 million$100.50 millionViewListenView Earnings Details
11/1/2012Q312$0.19$0.18$95.32 million$94.76 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Globus Medical (NYSE:GMED)
Current Year EPS Consensus Estimate: $1.27 EPS
Next Year EPS Consensus Estimate: $1.40 EPS

Dividends

Dividend History for Globus Medical (NYSE:GMED)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Globus Medical (NYSE:GMED)
Insider Ownership Percentage: 28.21%
Institutional Ownership Percentage: 65.64%
Insider Trades by Quarter for Globus Medical (NYSE:GMED)
Institutional Ownership by Quarter for Globus Medical (NYSE:GMED)
Insider Trades by Quarter for Globus Medical (NYSE:GMED)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/6/2017A Brett MurphyInsiderSell15,000$29.99$449,850.00View SEC Filing  
6/5/2017Anthony L WilliamsPresidentSell16,153$31.94$515,926.82View SEC Filing  
8/5/2016A Brett MurphyInsiderSell107,692$23.37$2,516,762.04View SEC Filing  
1/6/2016Robert LiptakDirectorSell15,300$27.50$420,750.00View SEC Filing  
1/4/2016Kurt WheelerDirectorSell255$27.50$7,012.50View SEC Filing  
5/28/2015Steven PayneCAOSell3,076$25.92$79,729.92View SEC Filing  
3/19/2015David C PaulCEOSell1,922,000$25.00$48,050,000.00View SEC Filing  
1/15/2014David DemskiCOOSell96,813$20.51$1,985,634.63View SEC Filing  
12/31/2013David DemskiCOOSell3,187$20.25$64,536.75View SEC Filing  
12/20/2013David DemskiCOOSell50,000$19.75$987,500.00View SEC Filing  
12/6/2013Robert LiptakDirectorSell25,000$19.36$484,000.00View SEC Filing  
12/3/2013David DavidarVPSell75,000$19.25$1,443,750.00View SEC Filing  
11/27/2013David DemskiCOOSell37,323$19.25$718,467.75View SEC Filing  
11/1/2013David M DemskiCOOSell112,677$18.59$2,094,665.43View SEC Filing  
8/23/2013David DavidarVPSell7,278$18.20$132,459.60View SEC Filing  
8/22/2013David DemskiCOOSell44,154$17.95$792,564.30View SEC Filing  
7/5/2013David D DavidarVPSell10,000$17.15$171,500.00View SEC Filing  
7/1/2013David D DavidarVPSell20,000$16.56$331,200.00View SEC Filing  
6/26/2013David D DavidarVPSell150,000$16.71$2,506,500.00View SEC Filing  
8/8/2012David C PaulCEOSell3,039,385$11.16$33,919,536.60View SEC Filing  
8/8/2012David D DavidarVPSell166,885$11.16$1,862,436.60View SEC Filing  
8/8/2012David M DemskiCOOSell98,957$11.16$1,104,360.12View SEC Filing  
8/8/2012Kurt WheelerDirectorSell804,232$11.16$8,975,229.12View SEC Filing  
8/8/2012Steven PayneCAOSell2,305$11.16$25,723.80View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Globus Medical (NYSE:GMED)
Latest Headlines for Globus Medical (NYSE:GMED)
Source:
DateHeadline
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Downgraded to "Sell" at BidaskClub
www.americanbankingnews.com - September 24 at 9:44 PM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Receives Buy Rating from Canaccord Genuity
www.americanbankingnews.com - September 22 at 8:26 PM
nasdaq.com logoNotable Two Hundred Day Moving Average Cross - GMED
www.nasdaq.com - September 22 at 7:24 PM
americanbankingnews.com logoHead-To-Head Review: Globus Medical (GMED) vs. Arch Therapeutics (ARTH)
www.americanbankingnews.com - September 16 at 10:32 AM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - September 16 at 4:42 AM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Upgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - September 14 at 11:40 PM
finance.yahoo.com logoGlobus Medical, Inc. breached its 50 day moving average in a Bearish Manner : GMED-US : September 14, 2017
finance.yahoo.com - September 14 at 7:44 PM
finance.yahoo.com logoGlobus Medical Announces First Case in Orthopedic Trauma
finance.yahoo.com - September 14 at 7:44 PM
americanbankingnews.com logoGlobus Medical (GMED) & Arch Therapeutics (ARTH) Head to Head Review
www.americanbankingnews.com - September 13 at 8:12 PM
americanbankingnews.com logoContrasting Globus Medical (GMED) and Arch Therapeutics (ARTH)
www.americanbankingnews.com - September 13 at 6:44 PM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Expected to Announce Quarterly Sales of $152.00 Million
www.americanbankingnews.com - September 13 at 11:42 AM
finance.yahoo.com logoIBD Rating Upgrades: Globus Medical Shows Improved Price Strength
finance.yahoo.com - September 11 at 7:36 PM
americanbankingnews.com logo$0.30 EPS Expected for Globus Medical, Inc. (GMED) This Quarter
www.americanbankingnews.com - September 11 at 10:38 AM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Upgraded by BidaskClub to Sell
www.americanbankingnews.com - September 10 at 8:10 AM
prnewswire.com logoStocks Under Scanner in the Medical Equipment Space -- Globus Medical ...
www.prnewswire.com - September 8 at 12:19 AM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Insider A Brett Murphy Sells 15,000 Shares
www.americanbankingnews.com - September 7 at 7:42 PM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Now Covered by BTIG Research
www.americanbankingnews.com - September 7 at 1:00 PM
americanbankingnews.com logoComparing Arch Therapeutics (ARTH) and Globus Medical (GMED)
www.americanbankingnews.com - September 5 at 2:22 AM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - September 4 at 11:18 PM
finance.yahoo.com logoMedical device manufacturer makes CEO change as chairman recovers from 'health condition'
finance.yahoo.com - August 30 at 4:27 PM
americanbankingnews.com logoOppenheimer Holdings, Inc. Reaffirms "Hold" Rating for Globus Medical, Inc. (GMED)
www.americanbankingnews.com - August 30 at 12:42 PM
finance.yahoo.com logoGlobus Medical Appoints David M. Demski as CEO
finance.yahoo.com - August 29 at 7:35 PM
nasdaq.com logoFirst Week of October 20th Options Trading For Globus Medical
www.nasdaq.com - August 27 at 11:11 PM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Downgraded by BidaskClub to "Strong Sell"
www.americanbankingnews.com - August 26 at 5:30 PM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Expected to Post Quarterly Sales of $152.00 Million
www.americanbankingnews.com - August 25 at 3:44 AM
americanbankingnews.com logo Analysts Anticipate Globus Medical, Inc. (GMED) Will Announce Earnings of $0.30 Per Share
www.americanbankingnews.com - August 23 at 8:24 PM
finance.yahoo.com logoETFs with exposure to Globus Medical, Inc. : August 21, 2017
finance.yahoo.com - August 23 at 7:39 AM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - August 22 at 4:28 AM
americanbankingnews.com logoArch Therapeutics (ARTH) and Globus Medical (GMED) Head-To-Head Comparison
www.americanbankingnews.com - August 22 at 2:10 AM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Stock Rating Reaffirmed by Canaccord Genuity
www.americanbankingnews.com - August 19 at 6:28 AM
finance.yahoo.com logoGlobus Medical's Robotic Guidance System Gets FDA Approval
finance.yahoo.com - August 18 at 6:58 PM
finance.yahoo.com logoGlobus Medical Announces FDA 510(k) Clearance for Excelsius GPS™
finance.yahoo.com - August 18 at 2:34 AM
finance.yahoo.com logoGlobus Medical (GMED) Stock is Popping: Here's Why
finance.yahoo.com - August 18 at 2:33 AM
americanbankingnews.com logoComparing Globus Medical (GMED) & Medtronic PLC (MDT)
www.americanbankingnews.com - August 13 at 8:10 PM
finance.yahoo.com logoGlobus Medical, Inc. :GMED-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017
finance.yahoo.com - August 11 at 12:27 AM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Globus Medical Inc.
finance.yahoo.com - August 9 at 7:15 PM
americanbankingnews.com logoReviewing Globus Medical (GMED) & Integer Holdings (ITGR)
www.americanbankingnews.com - August 6 at 10:18 PM
americanbankingnews.com logoFinancial Comparison: Globus Medical (GMED) and AxoGen (AXGN)
www.americanbankingnews.com - August 6 at 8:06 AM
americanbankingnews.com logoZacks: Analysts Anticipate Globus Medical, Inc. (GMED) to Announce $0.30 Earnings Per Share
www.americanbankingnews.com - August 5 at 12:44 PM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Lowered to "Sell" at Zacks Investment Research
www.americanbankingnews.com - August 4 at 8:38 PM
americanbankingnews.com logoGlobus Medical, Inc. (NYSE:GMED) Rating Reiterated by Gabelli
www.americanbankingnews.com - August 4 at 11:50 AM
americanbankingnews.com logoGlobus Medical, Inc. (GMED) Announces Earnings Results
www.americanbankingnews.com - August 3 at 11:20 PM
nasdaq.com logoGlobus Medical is Now Oversold (GMED)
www.nasdaq.com - August 3 at 9:17 PM
seekingalpha.com logoGlobus Medical (GMED) Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 3 at 9:17 PM
americanbankingnews.com logoBarclays PLC Reaffirms Sell Rating for Globus Medical, Inc. (NYSE:GMED)
www.americanbankingnews.com - August 3 at 4:44 PM
finance.yahoo.com logoEdited Transcript of GMED earnings conference call or presentation 2-Aug-17 9:30pm GMT
finance.yahoo.com - August 3 at 4:11 PM
finance.yahoo.com logoGlobus Medical beats Street 2Q forecasts
finance.yahoo.com - August 3 at 4:10 PM
fool.com logoGlobus Medical Enjoys Another Solid Quarter Thanks to International Sales Growth
www.fool.com - August 3 at 10:03 AM
finance.yahoo.com logoGlobus Medical Announces Acquisition of Robotics Developer KB Medical
finance.yahoo.com - August 2 at 8:47 PM
finance.yahoo.com logoGlobus Medical Reports Second Quarter 2017 Results
finance.yahoo.com - August 2 at 8:47 PM

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Chart

Globus Medical (GMED) Chart for Tuesday, September, 26, 2017

This page was last updated on 9/26/2017 by MarketBeat.com Staff