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NYSE:HAE

Haemonetics (HAE) Stock Price, News & Analysis

$85.96
+2.55 (+3.06%)
(As of 06/12/2024 ET)
Today's Range
$84.64
$87.55
50-Day Range
$81.24
$97.37
52-Week Range
$70.74
$97.97
Volume
1.11 million shs
Average Volume
508,369 shs
Market Capitalization
$4.38 billion
P/E Ratio
37.54
Dividend Yield
N/A
Price Target
$109.50

Haemonetics MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
27.4% Upside
$109.50 Price Target
Short Interest
Bearish
6.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.54
Upright™ Environmental Score
News Sentiment
0.85mentions of Haemonetics in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.45 M Sold Last Quarter
Proj. Earnings Growth
12.31%
From $4.55 to $5.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.53 out of 5 stars

Medical Sector

84th out of 913 stocks

Surgical & Medical Instruments Industry

10th out of 100 stocks

HAE stock logo

About Haemonetics Stock (NYSE:HAE)

Haemonetics Corporation, a healthcare company, provides suite of medical products and solutions in the United States and internationally. The company offers automated plasma collection systems, donor management software, and supporting software solutions including NexSys PCS and PCS2 plasmapheresis equipment and related disposables and solutions, as well as integrated information technology platforms for plasma customers to manage their donors, operations, and supply chain; and NexLynk DMS donor management system and Donor360 app. It also provides automated blood component and manual whole blood collection systems, such as MCS brand apheresis equipment to collect specific blood components from the donor; disposable whole blood collection and component storage sets; SafeTrace Tx blood bank information system; and BloodTrack blood management software, a suite of blood management and bedside transfusion solutions that combines software with hardware components, as well as an extension of the hospital's blood bank information system. In addition, the company offers hospital products comprising TEG and HAS hemostasis analyzer systems that provide a comprehensive assessment of a patient's overall hemostasis; and TEG Manager software, which connects various TEG analyzers throughout the hospital, providing clinicians remote access to active and historical test results that inform treatment decisions. Further, it provides Cell Saver Elite +, an autologous blood recovery system for cardiovascular, orthopedic, trauma, transplant, vascular, obstetrical, and gynecological surgeries; and VASCADE products comprising VASCADE and VASCADE MVP, a technology platform which offers catheter-based delivery system and leverages the natural clot-inducing properties of collagen. The company sells its products through direct sales force, independent distributors, and sales representatives. Haemonetics Corporation was founded in 1971 and is headquartered in Boston, Massachusetts.

HAE Stock Price History

HAE Stock News Headlines

Haemonetics Prices $600 Mln, 2.5% Convertible Sr. Notes
Haemonetics Stock Up 10.9% YTD: Will the Rally Continue?
4 Analysts Assess Haemonetics: What You Need To Know
Haemonetics Q4 Profit Falls, But Beats Estimates - Update
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Today
6/12/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
Health Care Supplies
CUSIP
40502410
Employees
3,657
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$109.50
High Stock Price Target
$125.00
Low Stock Price Target
$94.00
Potential Upside/Downside
+24.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$117.56 million
Pretax Margin
11.60%

Debt

Sales & Book Value

Annual Sales
$1.31 billion
Cash Flow
$6.17 per share
Book Value
$18.90 per share

Miscellaneous

Free Float
49,931,000
Market Cap
$4.46 billion
Optionable
Optionable
Beta
0.37

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HAE Stock Analysis - Frequently Asked Questions

Should I buy or sell Haemonetics stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Haemonetics in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HAE shares.
View HAE analyst ratings
or view top-rated stocks.

What is Haemonetics' stock price target for 2024?

4 brokerages have issued 12-month target prices for Haemonetics' stock. Their HAE share price targets range from $94.00 to $125.00. On average, they anticipate the company's stock price to reach $109.50 in the next year. This suggests a possible upside of 27.4% from the stock's current price.
View analysts price targets for HAE
or view top-rated stocks among Wall Street analysts.

How have HAE shares performed in 2024?

Haemonetics' stock was trading at $85.51 at the start of the year. Since then, HAE stock has increased by 0.5% and is now trading at $85.96.
View the best growth stocks for 2024 here
.

Are investors shorting Haemonetics?

Haemonetics saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 3,260,000 shares, an increase of 30.4% from the May 15th total of 2,500,000 shares. Based on an average trading volume of 536,400 shares, the short-interest ratio is currently 6.1 days. Currently, 6.5% of the company's stock are sold short.
View Haemonetics' Short Interest
.

When is Haemonetics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our HAE earnings forecast
.

How were Haemonetics' earnings last quarter?

Haemonetics Co. (NYSE:HAE) posted its earnings results on Thursday, May, 9th. The medical instruments supplier reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. The medical instruments supplier had revenue of $343 million for the quarter, compared to the consensus estimate of $329.53 million. Haemonetics had a trailing twelve-month return on equity of 22.25% and a net margin of 8.98%. The firm's revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS.

What ETFs hold Haemonetics' stock?

ETFs with the largest weight of Haemonetics (NYSE:HAE) stock in their portfolio include SPDR S&P Health Care Equipment ETF (XHE) and Harbor Health Care ETF (MEDI).Vanguard Russell 2000 Growth ETF (VTWG).

What guidance has Haemonetics issued on next quarter's earnings?

Haemonetics issued an update on its FY25 earnings guidance on Thursday, May, 9th. The company provided earnings per share (EPS) guidance of $4.45-$4.75 for the period, compared to the consensus earnings per share estimate of $4.40. The company issued revenue guidance of $1.37-$1.41 billion, compared to the consensus revenue estimate of $1.37 billion.

What is Christopher Simon's approval rating as Haemonetics' CEO?

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.

What other stocks do shareholders of Haemonetics own?

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).

Who are Haemonetics' major shareholders?

Haemonetics' stock is owned by many different retail and institutional investors. Top institutional investors include Capital Research Global Investors (13.14%), Vanguard Group Inc. (10.63%), Westfield Capital Management Co. LP (1.38%), Price T Rowe Associates Inc. MD (1.11%), Allspring Global Investments Holdings LLC (0.99%) and Allspring Global Investments Holdings LLC (0.99%). Insiders that own company stock include Anila Lingamneni, Christopher Simon, Dan Goldstein, Josep Llorens, Laurie A Miller, Mark W Kroll, Michelle L Basil, Michelle L Basil, Stewart W Strong and William P Mr Burke.
View institutional ownership trends
.

How do I buy shares of Haemonetics?

Shares of HAE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HAE) was last updated on 6/12/2024 by MarketBeat.com Staff

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