NYSE:MDT - Medtronic Stock Price, News & Analysis

$106.05
-1.78 (-1.65 %)
(As of 08/25/2019 04:00 PM ET)
Today's Range
$105.55
Now: $106.05
$108.03
50-Day Range
$97.76
MA: $101.64
$108.41
52-Week Range
$81.66
Now: $106.05
$109.70
Volume4.06 million shs
Average Volume4.94 million shs
Market Capitalization$142.23 billion
P/E Ratio20.32
Dividend Yield2.00%
Beta0.67
Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. The Cardiac and Vascular Group segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; AF ablation product; insertable cardiac monitor systems; mechanical circulatory support; TYRX products; and remote monitoring and patient-centered software. Read More…

Industry, Sector and Symbol

Industry Electromedical equipment
Sub-IndustryHealth Care Equipment
SectorMedical
CUSIP58505510
Phone353-1438-1700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$30.56 billion
Cash Flow$7.1462 per share
Book Value$37.65 per share

Profitability

Net Income$4.63 billion

Miscellaneous

Employees90,000
Outstanding Shares1,341,160,000
Market Cap$142.23 billion
Next Earnings Date11/19/2019 (Estimated)
OptionableOptionable

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Medtronic (NYSE:MDT) Frequently Asked Questions

What is Medtronic's stock symbol?

Medtronic trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDT."

How often does Medtronic pay dividends? What is the dividend yield for Medtronic?

Medtronic declared a quarterly dividend on Friday, June 21st. Shareholders of record on Monday, July 8th will be paid a dividend of $0.54 per share on Thursday, July 25th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, July 5th. This is an increase from Medtronic's previous quarterly dividend of $0.50. View Medtronic's Dividend History.

How will Medtronic's stock buyback program work?

Medtronic declared that its board has initiated a share repurchase plan on Thursday, October 5th 2017, which permits the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 49% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

How were Medtronic's earnings last quarter?

Medtronic PLC (NYSE:MDT) issued its quarterly earnings results on Tuesday, August, 20th. The medical technology company reported $1.26 EPS for the quarter, beating the Zacks' consensus estimate of $1.18 by $0.08. The medical technology company had revenue of $7.49 billion for the quarter, compared to analyst estimates of $7.40 billion. Medtronic had a return on equity of 14.36% and a net margin of 14.41%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. View Medtronic's Earnings History.

When is Medtronic's next earnings date?

Medtronic is scheduled to release their next quarterly earnings announcement on Tuesday, November 19th 2019. View Earnings Estimates for Medtronic.

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

Medtronic issued an update on its FY 2020 earnings guidance on Tuesday, August, 20th. The company provided earnings per share (EPS) guidance of $5.54-5.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.48.

What price target have analysts set for MDT?

19 Wall Street analysts have issued 12 month target prices for Medtronic's shares. Their forecasts range from $100.00 to $122.00. On average, they anticipate Medtronic's stock price to reach $114.00 in the next year. This suggests a possible upside of 7.5% from the stock's current price. View Analyst Price Targets for Medtronic.

What is the consensus analysts' recommendation for Medtronic?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medtronic in the last year. There are currently 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Medtronic.

What are Wall Street analysts saying about Medtronic stock?

Here are some recent quotes from research analysts about Medtronic stock:
  • 1. Northland Securities analysts commented, "We continue to wait for a definitive breakout in key categories in terms of growth. In fairness, Medtronic continues to improve operational efficiencies." (8/21/2019)
  • 2. Needham & Company LLC analysts commented, "Market open, Ellex announced preliminary FY19 revenue below our expectations and IFRS EBITDA slightly narrower than our expectations. iTrack, 2RT and Tango lasers delivered FY19 y/y revenue growth, but overall growth was below our estimates. Ellex announced the appointment of Maria Maieli, current CFO, as Interim CEO. Ellex expects to release final F2H19 results on August 29, 2019." (7/23/2019)
  • 3. According to Zacks Investment Research, "The declining CRHF segment raises concern for Medtronic. Escalating costs and expenses continue to weigh on Medtronic’s bottom line. On a positve note, in the past year, shares of Medtronic outperformed its industry. The company is successfully registering sustainable growth across major groups and regions, in addition to displaying successful achievement of synergy targets. The company is focusing on geographical diversification of its businesses. This apart, the company has been seeing certain favorable developments in its Diabetes business. The updated 2019 guidance with raised EPS view increases investors’ confidence on the stock. Meanwhile, we are optimistic about the recently-closed acquisition of Mazor Robotics which is expected to fortify Medtronic's position in spine surgery." (5/20/2019)
  • 4. Barclays PLC analysts commented, "We now project $5.15 versus $5.12 consensus. Formal FY20 guidance will come in May but mgmt expressed comfort with the Street EPS estimate (per Refinitiv $5.44) which implies ~5.6% y/y growth off the revised mid- point for FY19. In Jan, mgmt said a higher tax rate could prompt EPS growth to be up to 250bp below its 8% long-range plan (LRP) CAGR target. Mgmt noted it is still working through its options for financial engineering. We think FY20 is likely a back- end loaded year given revenue cadence considerations (i.e. comps, new products launches) as well as FX impacts. We now est. $5.42 vs. $5.38 prior. Net/net, nothing materially changed our view. We think the valuation offers some upside and we rate MDT OW. That said, the upside case may take time to work out as execution confidence builds and many pipeline milestones are more 2020 events." (2/20/2019)

Has Medtronic been receiving favorable news coverage?

Media coverage about MDT stock has been trending positive recently, InfoTrie reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Medtronic earned a daily sentiment score of 2.5 on InfoTrie's scale. They also assigned press coverage about the medical technology company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the immediate future. View News Stories for Medtronic.

Are investors shorting Medtronic?

Medtronic saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 10,291,800 shares, an increase of 19.8% from the June 30th total of 8,588,900 shares. Based on an average daily volume of 4,820,000 shares, the short-interest ratio is currently 2.1 days. Approximately 0.8% of the shares of the company are sold short. View Medtronic's Current Options Chain.

Who are some of Medtronic's key competitors?

What other stocks do shareholders of Medtronic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Medtronic investors own include Johnson & Johnson (JNJ), AT&T (T), Intel (INTC), Walt Disney (DIS), Cisco Systems (CSCO), NVIDIA (NVDA), CVS Health (CVS), AbbVie (ABBV), Mcdonald's (MCD) and Starbucks (SBUX).

Who are Medtronic's key executives?

Medtronic's management team includes the folowing people:
  • Mr. Omar S. Ishrak, Chairman & CEO (Age 63)
  • Ms. Karen L. Parkhill, Exec. VP, CFO & Principal Accounting Officer (Age 54)
  • Mr. Bradley E. Lerman, Sr. VP, Gen. Counsel & Company Sec. (Age 61)
  • Mr. Michael J. Coyle, Exec. VP and Group Pres of Cardiac & Vascular Group (Age 57)
  • Mr. Robert J. W. ten Hoedt, Exec. VP and Group Pres, Europe, Middle East & Africa (Age 58)

Who are Medtronic's major shareholders?

Medtronic's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.38%), BlackRock Inc. (7.99%), BlackRock Inc. (7.99%), Price T Rowe Associates Inc. MD (1.66%), Northern Trust Corp (1.25%) and Bank of New York Mellon Corp (1.25%). Company insiders that own Medtronic stock include Bradley E Lerman, Bryan C Hanson, Carol A Surface, Geoffrey Martha, Hoedt Rob Ten, Hooman Hakami, James T Lenehan, Karen L Parkhill, Michael J Coyle, Omar Ishrak, Richard H Anderson and Richard Kuntz. View Institutional Ownership Trends for Medtronic.

Which institutional investors are selling Medtronic stock?

MDT stock was sold by a variety of institutional investors in the last quarter, including Waddell & Reed Financial Inc., Quest Capital Management Inc. ADV, Schroder Investment Management Group, Man Group plc, Canada Pension Plan Investment Board, United Services Automobile Association, AQR Capital Management LLC and Factory Mutual Insurance Co.. Company insiders that have sold Medtronic company stock in the last year include Bradley E Lerman, Carol A Surface, Geoffrey Martha, Hoedt Rob Ten, Hooman Hakami and Richard Kuntz. View Insider Buying and Selling for Medtronic.

Which institutional investors are buying Medtronic stock?

MDT stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Longview Partners Guernsey LTD, Renaissance Technologies LLC, Barrow Hanley Mewhinney & Strauss LLC, Thoroughbred Financial Services LLC, D. E. Shaw & Co. Inc., Vanguard Group Inc. and Wells Fargo & Company MN. Company insiders that have bought Medtronic stock in the last two years include Karen L Parkhill, Omar Ishrak and Richard H Anderson. View Insider Buying and Selling for Medtronic.

How do I buy shares of Medtronic?

Shares of MDT 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 Medtronic's stock price today?

One share of MDT stock can currently be purchased for approximately $106.05.

How big of a company is Medtronic?

Medtronic has a market capitalization of $142.23 billion and generates $30.56 billion in revenue each year. The medical technology company earns $4.63 billion in net income (profit) each year or $5.22 on an earnings per share basis. Medtronic employs 90,000 workers across the globe.View Additional Information About Medtronic.

What is Medtronic's official website?

The official website for Medtronic is http://www.medtronic.com/.

How can I contact Medtronic?

Medtronic's mailing address is 20 ON HATCH LOWER HATCH STREET, DUBLIN L2, D02. The medical technology company can be reached via phone at 353-1438-1700 or via email at [email protected]


MarketBeat Community Rating for Medtronic (NYSE MDT)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  1,263 (Vote Outperform)
Underperform Votes:  729 (Vote Underperform)
Total Votes:  1,992
MarketBeat's community ratings are surveys of what our community members think about Medtronic and other stocks. Vote "Outperform" if you believe MDT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MDT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/25/2019 by MarketBeat.com Staff

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