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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
Current SymbolNYSE:GMED
Previous Symbol
CUSIP37957720
Phone610-930-1800
Debt
Debt-to-Equity RatioN/A
Current Ratio7.91
Quick Ratio6.39
Price-To-Earnings
Trailing P/E Ratio34.89
Forward P/E Ratio28.21
P/E Growth2.2
Sales & Book Value
Annual Sales$635.98 million
Price / Sales7.08
Cash Flow$1.7901 per share
Price / Cash Flow25.53
Book Value$10.01 per share
Price / Book4.57
Profitability
EPS (Most Recent Fiscal Year)$1.31
Net Income$107.34 million
Net Margins20.79%
Return on Equity15.36%
Return on Assets14.02%
Miscellaneous
Employees1,500
Outstanding Shares98,480,000
Market Cap$4.51 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) released its quarterly earnings results on Thursday, November, 8th. The medical device company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters' 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 return on equity of 15.36% and a net margin of 20.79%. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. View Globus Medical's Earnings History.
When is Globus Medical's next earnings date?
What guidance has Globus Medical issued on next quarter's earnings?
Globus Medical issued an update on its FY18 earnings guidance on Thursday, November, 8th. The company provided earnings per share (EPS) guidance of $1.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.55. The company issued revenue guidance of $705 million, compared to the consensus revenue estimate of $701.45 million.Globus Medical also updated its FY 2018 guidance to $1.62-1.62 EPS.
What price target have analysts set for GMED?
12 Wall Street analysts have issued 1 year price objectives for Globus Medical's stock. Their forecasts range from $36.00 to $65.00. On average, they anticipate Globus Medical's share price to reach $55.75 in the next year. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Price Targets for Globus Medical.
What is the consensus analysts' recommendation for Globus Medical?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globus Medical in the last year. There are currently 2 sell ratings, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Globus Medical.
Has Globus Medical been receiving favorable news coverage?
News articles about GMED stock have trended somewhat negative recently, according to InfoTrie. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -1.0 on InfoTrie's scale. They also gave press coverage about the medical device company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future.
Who are some of Globus Medical's key competitors?
Some companies that are related to Globus Medical include ResMed (RMD), ABIOMED (ABMD), Teleflex (TFX), DexCom (DXCM), Hill-Rom (HRC), Haemonetics (HAE), Insulet (PODD), ICU Medical (ICUI), Penumbra (PEN), Integra Lifesciences (IART), Cantel Medical (CMD), Merit Medical Systems (MMSI), Novocure (NVCR), NuVasive (NUVA) and Glaukos (GKOS).
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 51)
- Mr. David M. Demski, CEO & Director (Age 60)
- Mr. Anthony L. Williams, Pres & Corp. Sec. (Age 47)
- Mr. David D. Davidar, Co-Founder & Director (Age 52)
- Mr. Daniel T. Scavilla, CFO, Exec. VP & Chief Commercial Officer (Age 53)
Who are Globus Medical's major shareholders?
Globus Medical's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.62%), Vanguard Group Inc. (6.84%), AQR Capital Management LLC (2.44%), Bank of New York Mellon Corp (1.63%), Janus Henderson Group PLC (1.40%) and The Manufacturers Life Insurance Company (1.36%). 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 major investors are selling Globus Medical stock?
GMED stock was sold by a variety of institutional investors in the last quarter, including NWQ Investment Management Company LLC, Prudential Financial Inc., Dimensional Fund Advisors LP, TIAA CREF Investment Management LLC, Victory Capital Management Inc., United Services Automobile Association, AXA and Oak Ridge 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 major investors are buying Globus Medical stock?
GMED stock was bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, BlackRock Inc., Vanguard Group Inc., AQR Capital Management LLC, Wells Fargo & Company MN, Broadview Advisors LLC, Nordea Investment Management AB and Canada Pension Plan Investment Board. 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 $45.70.
How big of a company is Globus Medical?
Globus Medical has a market capitalization of $4.51 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?
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)
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.
