NYSE:GMED - Globus Medical Stock Price, Forecast & News

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

Globus Medical Inc (NYSE:GMED) announced its quarterly earnings data on Wednesday, November, 6th. The medical device company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The medical device company earned $196.22 million during the quarter, compared to analyst estimates of $185.86 million. Globus Medical had a return on equity of 13.09% and a net margin of 19.03%. Globus Medical's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. View Globus Medical's Earnings History.

Globus Medical is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Globus Medical.

Globus Medical will be holding an earnings conference call on Thursday, February 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Globus Medical issued an update on its FY20 earnings guidance on Wednesday, January, 8th. The company provided earnings per share (EPS) guidance of $1.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.92. The company issued revenue guidance of $850.00 million, compared to the consensus revenue estimate of $854.27 million.

9 equities research analysts have issued 1-year target prices for Globus Medical's shares. Their forecasts range from $60.00 to $67.00. On average, they anticipate Globus Medical's stock price to reach $64.43 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price. View Analyst Price Targets for Globus Medical.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globus Medical in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Globus Medical.

Media stories about GMED stock have trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Globus Medical earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the medical device company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Globus Medical.

Globus Medical saw a increase in short interest in January. As of January 31st, there was short interest totalling 1,760,000 shares, an increase of 30.4% from the January 15th total of 1,350,000 shares. Based on an average daily volume of 522,200 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.3% of the company's shares are short sold. View Globus Medical's Current Options Chain.

Some companies that are related to Globus Medical include Abbott Laboratories (ABT), Medtronic (MDT), Stryker (SYK), Becton Dickinson and (BDX), Intuitive Surgical (ISRG), Boston Scientific (BSX), Edwards Lifesciences (EW), Baxter International (BAX), DexCom (DXCM), ResMed (RMD), IDEXX Laboratories (IDXX), Teleflex (TFX), Steris (STE), Hologic (HOLX) and Varian Medical Systems (VAR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Globus Medical investors own include AbbVie (ABBV), Gilead Sciences (GILD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), Intuitive Surgical (ISRG), Novartis (NVS), NVIDIA (NVDA), Bausch Health Companies (BHC), Walt Disney (DIS) and Johnson & Johnson (JNJ).

Globus Medical's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (2.55%), GW&K Investment Management LLC (1.41%), AQR Capital Management LLC (1.21%), Bank of New York Mellon Corp (1.12%), Renaissance Technologies LLC (1.08%) and Marathon Asset Management LLP (0.68%). Company insiders that own Globus Medical stock include Anthony L Williams, Daniel T Scavilla, David C Paul, David D Davidar, David M Demski, Eric Schwartz, James R Tobin, Kelly Huller and Steven Payne. View Institutional Ownership Trends for Globus Medical.

GMED stock was sold by a variety of institutional investors in the last quarter, including Nuance Investments LLC, AQR Capital Management LLC, Renaissance Technologies LLC, Marathon Asset Management LLP, Retirement Systems of Alabama, GW&K Investment Management LLC, Pembroke Management LTD and State Street Corp. Company insiders that have sold Globus Medical company stock in the last year include Anthony L Williams, David D Davidar, James R Tobin and Kelly Huller. View Insider Buying and Selling for Globus Medical.

GMED stock was purchased by a variety of institutional investors in the last quarter, including Panagora Asset Management Inc., Goldman Sachs Group Inc., Madison Asset Management LLC, First Trust Advisors LP, Prudential Financial Inc., Point72 Asset Management L.P., State of Tennessee Treasury Department and Kayne Anderson Rudnick Investment Management LLC. View Insider Buying and Selling for Globus Medical.

Shares of GMED 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.

One share of GMED stock can currently be purchased for approximately $56.54.

Globus Medical has a market capitalization of $5.62 billion and generates $712.97 million in revenue each year. The medical device company earns $156.47 million in net income (profit) each year or $1.67 on an earnings per share basis. Globus Medical employs 1,800 workers across the globe.View Additional Information About Globus Medical.

The official website for Globus Medical is http://www.globusmedical.com/.

Globus Medical's mailing address is 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA, 19403. The medical device company can be reached via phone at 610-930-1800 or via email at [email protected]