Globus Medical - GMED Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Globus Medical in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GMED shares.
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9 equities research analysts have issued 1 year price objectives for Globus Medical's stock. Their GMED share price forecasts range from $62.00 to $100.00. On average, they anticipate the company's share price to reach $77.36 in the next year. This suggests a possible upside of 32.6% from the stock's current price.
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Globus Medical's stock was trading at $72.20 at the beginning of the year. Since then, GMED shares have decreased by 19.2% and is now trading at $58.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Globus Medical, Inc. (NYSE:GMED) announced its quarterly earnings data on Thursday, November, 4th. The medical device company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The medical device company had revenue of $229.72 million for the quarter, compared to analysts' expectations of $228.28 million. Globus Medical had a trailing twelve-month return on equity of 11.81% and a net margin of 15.91%. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS.

Globus Medical updated its FY 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share (EPS) guidance of $2.10-$2.10 for the period, compared to the consensus earnings per share estimate of $2.09. The company issued revenue guidance of $1.02 billion-$1.02 billion, compared to the consensus revenue estimate of $1.02 billion.

47 employees have rated Globus Medical Chief Executive Officer David Demski on Glassdoor.com. David Demski has an approval rating of 61% among the company's employees. This puts David Demski in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

Globus Medical's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (4.48%), State Street Corp (2.21%), William Blair Investment Management LLC (1.70%), Geneva Capital Management LLC (1.33%), Wells Fargo & Company MN (1.05%) and Nordea Investment Management AB (0.97%). Insiders that own company stock include Daniel T Scavilla, Daniel T Scavilla, David D Davidar, David M Demski, James R Tobin, James R Tobin, Keith W Pfeil, Keith W Pfeil, Kelly Huller and Robert Andrew Douglas.
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Shares of GMED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GMED stock can currently be purchased for approximately $58.35.

Globus Medical (NYSE:GMED) has a market capitalization of $5.81 billion and generates $958.10 million in revenue each year. The medical device company earns $149.19 million in net income (profit) each year or $1.49 on an earnings per share basis.

The company employs 2,400 workers across the globe.

Globus Medical's mailing address is 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA, 19403. The official website for the company is www.globusmedical.com. The medical device company can be reached via phone at (610) 930-1800, via email at investors@globusmedical.com, or via fax at 610-930-2042.