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

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$43.49 +0.57 (+1.33 %)
(As of 01/20/2019 01:06 PM ET)
Previous Close$43.49
Today's Range$42.86 - $43.59
52-Week Range$38.01 - $57.83
Volume437,196 shs
Average Volume1.02 million shs
Market Capitalization$4.28 billion
P/E Ratio33.20
Dividend YieldN/A
Beta0.73
Globus Medical, Inc., a medical device company, focuses on the design, development, and commercialization of musculoskeletal implants that promote healing in patients with spine disorders. The company offers products that address an array of spinal pathologies, anatomies, and surgical approaches. Its fusion products include a range of implant and surgical approach options to treat degenerative, deformity, tumor, and trauma conditions along the spine from the occiput to the sacrum. The company's disruptive technology products comprise products that allow for minimally invasive surgical techniques; and new treatment alternatives, including imaging, navigational, and robotic technologies, as well as motion preservation technologies, such as dynamic stabilization, total disc replacement, and interspinous process spacer products. Its disruptive technology products also consist of regenerative biologics products, including bioactive glass-based bone void fillers and ceramic-collagen for pelvic/extremity and posterolateral spinal fusion procedures; and interventional pain management solutions, which comprise treatments for vertebral compression fractures. In addition, the company offers products for the treatment of orthopedic trauma, including compression screws, fixation plates, intramedullary nails, and external fixation systems. Further, it distributes human cell, tissue, and cellular and tissue based products. The company sells its implants and related disposables primarily to hospitals through direct sales representatives and independent distributors in the United States and internationally. Globus Medical, Inc. was founded in 2003 and is headquartered in Audubon, Pennsylvania.

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Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
CUSIP37957720
Phone610-930-1800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$635.98 million
Cash Flow$1.7934 per share
Book Value$10.01 per share

Profitability

Net Income$107.34 million

Miscellaneous

Employees1,500
Market Cap$4.28 billion
OptionableOptionable

Globus Medical (NYSE:GMED) Frequently Asked Questions

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) issued its quarterly earnings data on Thursday, November, 8th. The medical device company reported $0.39 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.33 by $0.06. The medical device company earned $169.20 million during the quarter, compared to analysts' expectations of $167.47 million. Globus Medical had a net margin of 20.79% and a return on equity of 15.36%. The company's revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. View Globus Medical's Earnings History.

When is Globus Medical's next earnings date?

Globus Medical is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for Globus Medical.

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

Globus Medical updated its FY19 earnings guidance on Tuesday, January, 8th. The company provided earnings per share guidance of $1.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.73. The company issued revenue guidance of 770 million, compared to the consensus revenue estimate of $764.15 million.

What price target have analysts set for GMED?

11 brokers have issued 1-year price objectives for Globus Medical's stock. Their predictions range from $37.00 to $65.00. On average, they expect Globus Medical's stock price to reach $56.3636 in the next twelve months. This suggests a possible upside of 29.6% from the stock's current price. View Analyst Price Targets for Globus Medical.

What is the consensus analysts' recommendation for Globus Medical?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globus Medical in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Globus Medical.

What are Wall Street analysts saying about Globus Medical stock?

Here are some recent quotes from research analysts about Globus Medical stock:
  • 1. Cantor Fitzgerald analysts commented, "We reiterate our Overweight rating on GMED with a 12-month price target of $65. We think GMED has several top-line growth drivers, including a US core market rebound, early success of emerging technologies and traction of the acquired ATEC international platform. GMED’s best-in-class profitability allows the company to invest organically or inorganically to drive top-line growth and to react to the evolving trends of the spine market. These should bring the company back to the beat-and-raise philosophy of a couple of years ago and help to push the valuation higher." (1/9/2019)
  • 2. 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. " (1/8/2019)

Has Globus Medical been receiving favorable news coverage?

Media coverage about GMED stock has trended extremely positive recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Globus Medical earned a media sentiment score of 4.1 on InfoTrie's scale. They also gave news articles 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 impact on the stock's share price in the near term.

Who are some of Globus Medical's key competitors?

Who are Globus Medical's key executives?

Globus Medical's management team includes the folowing people:
  • Mr. David C. Paul, Co-Founder & Exec. Chairman (Age 52)
  • Mr. David M. Demski, CEO & Director (Age 61)
  • Mr. Anthony L. Williams, Pres & Corp. Sec. (Age 48)
  • Mr. David D. Davidar, Co-Founder & Director (Age 53)
  • Mr. Daniel T. Scavilla, CFO, Exec. VP & Chief Commercial Officer (Age 54)

Who are Globus Medical's major shareholders?

Globus Medical's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BTIM Corp. (0.31%), Retirement Systems of Alabama (0.22%), Navellier & Associates Inc (0.08%), Nippon Life Global Investors Americas Inc. (0.06%), Fox Run Management L.L.C. (0.01%) and Meeder Asset Management Inc. (0.01%). Company insiders that own Globus Medical stock include A Brett Murphy, Anthony L Williams, Daniel T Scavilla, David C Paul, David D Davidar, David M Demski, Eric Schwartz and Steven Payne. View Institutional Ownership Trends for Globus Medical.

Which institutional investors are selling Globus Medical stock?

GMED stock was sold by a variety of institutional investors in the last quarter, including BTIM Corp., First Citizens Bank & Trust Co., Cornerstone Advisors Inc. and Oakbrook Investments LLC. Company insiders that have sold Globus Medical company stock in the last year include Anthony L Williams, Daniel T Scavilla, David C Paul, David M Demski, Eric Schwartz and Steven Payne. View Insider Buying and Selling for Globus Medical.

Which institutional investors are buying Globus Medical stock?

GMED stock was purchased by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Navellier & Associates Inc, Fox Run Management L.L.C., Meeder Asset Management Inc. and Nippon Life Global Investors Americas Inc.. View Insider Buying and Selling for Globus Medical.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Globus Medical's stock price today?

One share of GMED stock can currently be purchased for approximately $43.49.

How big of a company is Globus Medical?

Globus Medical has a market capitalization of $4.28 billion and generates $635.98 million in revenue each year. The medical device company earns $107.34 million in net income (profit) each year or $1.31 on an earnings per share basis. Globus Medical employs 1,500 workers across the globe.

What is Globus Medical's official website?

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

How can I contact Globus Medical?

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]


MarketBeat Community Rating for Globus Medical (NYSE GMED)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  401 (Vote Outperform)
Underperform Votes:  343 (Vote Underperform)
Total Votes:  744
MarketBeat's community ratings are surveys of what our community members think about Globus Medical and other stocks. Vote "Outperform" if you believe GMED will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GMED will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/20/2019 by MarketBeat.com Staff

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