Medtronic - MDT Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medtronic in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MDT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDT, but not buy additional shares or sell existing shares.
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22 analysts have issued 1 year target prices for Medtronic's shares. Their MDT share price forecasts range from $85.00 to $165.00. On average, they anticipate the company's share price to reach $117.13 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price.
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Medtronic's stock was trading at $103.45 at the beginning of 2022. Since then, MDT stock has decreased by 9.5% and is now trading at $93.58.
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Medtronic is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
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Medtronic will be holding an earnings conference call on Tuesday, August 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Medtronic plc (NYSE:MDT) issued its earnings results on Thursday, May, 26th. The medical technology company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by $0.04. The medical technology company had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.43 billion. Medtronic had a trailing twelve-month return on equity of 14.50% and a net margin of 15.90%. Medtronic's revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share.
Read the conference call transcript.

Medtronic announced a quarterly dividend on Wednesday, May 25th. Shareholders of record on Friday, June 24th will be given a dividend of $0.68 per share on Friday, July 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, June 23rd. This is a positive change from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for MDT.

Medtronic (NYSE:MDT) pays an annual dividend of $2.72 per share and currently has a dividend yield of 2.92%. The company has been increasing its dividend for 46 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 72.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MDT will have a dividend payout ratio of 45.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MDT.

Medtronic updated its FY 2023 earnings guidance on Thursday, June, 23rd. The company provided earnings per share guidance of $5.53-$5.65 for the period, compared to the consensus earnings per share estimate of $5.82. The company issued revenue guidance of -.

1,925 employees have rated Medtronic Chief Executive Officer Omar S. Ishrak on Glassdoor.com. Omar S. Ishrak has an approval rating of 92% among the company's employees. This puts Omar S. Ishrak in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Medtronic investors own include Johnson & Johnson (JNJ), AT&T (T), NVIDIA (NVDA), AbbVie (ABBV), Walt Disney (DIS), Cisco Systems (CSCO), Intel (INTC), CVS Health (CVS), Home Depot (HD) and Walmart (WMT).

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

Medtronic's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.34%), Envestnet Asset Management Inc. (0.22%), Truist Financial Corp (0.18%), DekaBank Deutsche Girozentrale (0.18%), Russell Investments Group Ltd. (0.18%) and Van ECK Associates Corp (0.14%). Insiders that own company stock include Bradley E Lerman, Brett A Wall, Brett A Wall, Carol A Surface, Carol A Surface, Geoffrey Martha, Hoedt Rob Ten, Hooman Hakami, John R Liddicoat, Karen L Parkhill, Karen L Parkhill, Michael J Coyle, Omar Ishrak, Richard H Anderson, Richard H Anderson, Richard Kuntz, Robert John White and Sean Salmon.
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Shares of MDT 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 MDT stock can currently be purchased for approximately $93.58.

Medtronic (NYSE:MDT) has a market capitalization of $125.54 billion and generates $31.69 billion in revenue each year. The medical technology company earns $5.04 billion in net income (profit) each year or $3.73 on an earnings per share basis.

Medtronic employs 95,000 workers across the globe.

Medtronic was founded in 1949.

Medtronic's mailing address is 20 ON HATCH LOWER HATCH STREET, DUBLIN L2, D02. The official website for the company is www.medtronic.com. The medical technology company can be reached via phone at (531) 438-1700, via email at investor.relations@medtronic.com, or via fax at 763-514-4879.