Haemonetics (HAE) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Haemonetics in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" HAE shares.
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6 brokers have issued 1-year target prices for Haemonetics' shares. Their HAE share price forecasts range from $88.00 to $115.00. On average, they anticipate the company's share price to reach $103.67 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price.
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Haemonetics' stock was trading at $78.65 at the start of the year. Since then, HAE stock has increased by 14.5% and is now trading at $90.05.
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Haemonetics saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,580,000 shares, an increase of 21.5% from the August 15th total of 1,300,000 shares. Based on an average trading volume of 290,600 shares, the short-interest ratio is currently 5.4 days. Currently, 3.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our HAE earnings forecast.

Haemonetics Co. (NYSE:HAE) posted its quarterly earnings data on Tuesday, August, 8th. The medical instruments supplier reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.32. The medical instruments supplier earned $311.30 million during the quarter, compared to analysts' expectations of $292.74 million. Haemonetics had a trailing twelve-month return on equity of 22.49% and a net margin of 11.21%. Haemonetics's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share.

ETFs with the largest weight of Haemonetics (NYSE:HAE) stock in their portfolio include SPDR S&P Health Care Equipment ETF (XHE), Invesco S&P MidCap Momentum ETF (XMMO), Invesco Dorsey Wright Healthcare Momentum ETF (PTH), Harbor Health Care ETF (MEDI) and Cultivar ETF (CVAR).iShares Russell 2000 Growth ETF (IWO).

Haemonetics updated its FY 2024 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $3.60-$3.90 for the period, compared to the consensus EPS estimate of $3.59. The company issued revenue guidance of $1.24 billion-$1.27 billion, compared to the consensus revenue estimate of $1.24 billion.

48 employees have rated Haemonetics Chief Executive Officer Christopher Simon on Glassdoor.com. Christopher Simon has an approval rating of 63% among the company's employees. This puts Christopher Simon in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Haemonetics investors own include NVIDIA (NVDA), Micron Technology (MU), Johnson & Johnson (JNJ), AbbVie (ABBV), Citigroup (C), Align Technology (ALGN), Chipotle Mexican Grill (CMG), Netflix (NFLX) and Pfizer (PFE).

Haemonetics trades on the New York Stock Exchange (NYSE) under the ticker symbol "HAE."

Haemonetics' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (13.19%), Shaolin Capital Management LLC (0.00%), Schroder Investment Management Group (1.96%), Geode Capital Management LLC (1.96%), Royce & Associates LP (1.79%) and Fisher Asset Management LLC (1.78%). Insiders that own company stock include Anila Lingamneni, Christopher Simon, Dan Goldstein, Jacqueline Scanlan, Josep Llorens, Laurie A Miller, Mark W Kroll, Mark W Kroll, Michelle L Basil, Michelle L Basil, Richard J Meelia, Stewart W Strong and William P Mr Burke.
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Shares of HAE 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 HAE stock can currently be purchased for approximately $90.05.

Haemonetics (NYSE:HAE) has a market capitalization of $4.57 billion and generates $1.17 billion in revenue each year. The medical instruments supplier earns $115.40 million in net income (profit) each year or $2.65 on an earnings per share basis.

The company employs 3,034 workers across the globe.

Haemonetics' mailing address is 125 Summer Street, Boston MA, 02110. The official website for the company is www.haemonetics.com. The medical instruments supplier can be reached via phone at (781) 848-7100, via email at gerry.gould@haemonetics.com, or via fax at 781-848-5106.