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.
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Industry, Sector and Symbol
Industry N/A
Sub-IndustryHealth Care Equipment
SectorN/A
WebN/A
PhoneN/A
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
Employees90,000
Next Earnings Date2/18/2020 (Confirmed)
OptionableOptionable
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 announced a quarterly dividend on Monday, December 9th. Shareholders of record on Friday, December 27th will be given a dividend of $0.54 per share on Friday, January 17th. This represents a $2.16 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, December 26th. View Medtronic's Dividend History.
How were Medtronic's earnings last quarter?
Medtronic PLC (NYSE:MDT) announced its quarterly earnings data on Tuesday, November, 19th. The medical technology company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.28 by $0.03. The medical technology company earned $7.71 billion during the quarter, compared to the consensus estimate of $7.66 billion. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 EPS. View Medtronic's Earnings History.
When is Medtronic's next earnings date?
How can I listen to Medtronic's earnings call?
Medtronic will be holding an earnings conference call on Tuesday, February 18th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
What guidance has Medtronic issued on next quarter's earnings?
Medtronic updated its FY 2020
Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS guidance of $$5.57-5.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $$5.56. The company issued revenue guidance of $$31.4-31.7 billion, compared to the consensus revenue estimate of $$31.48 billion.
What price target have analysts set for MDT?
23 brokerages have issued 1-year price targets for Medtronic's stock. Their forecasts range from $99.00 to $135.00. On average, they anticipate Medtronic's share price to reach $120.48 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price. View Analyst Price Targets for Medtronic.
What is the consensus analysts' recommendation for Medtronic?
23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medtronic in the last year. There are currently 1 sell rating, 4 hold ratings and 18 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 headlines about MDT stock have trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Medtronic earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned headlines about the medical technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Medtronic.
Who are some of Medtronic's key competitors?
Some companies that are related to Medtronic include Abbott Laboratories (ABT), ABIOMED (ABMD), CONMED (CNMD), ProShares UltraShort DJ-UBS Commodity (CMD), Synthorx (THOR), AtriCure (ATRC), AngioDynamics (ANGO), Alphatec (ATEC), Accuray (ARAY), Fc Global Realty (FCRE), Navidea Biopharmaceuticals (NAVB), Baxter International (BAX), Becton Dickinson and (BDX), Boston Scientific (BSX) and Cardiovascular Systems (CSII).
What other stocks do shareholders of Medtronic own?
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 a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.32%), Massachusetts Financial Services Co. MA (3.95%), Franklin Resources Inc. (1.36%), Bank of New York Mellon Corp (1.23%), Amundi Pioneer Asset Management Inc. (0.67%) and Longview Partners Guernsey LTD (0.66%). Company insiders that own Medtronic stock include Bradley E Lerman, Carol A Surface, Geoffrey Martha, Hoedt Rob Ten, Hooman Hakami, James T Lenehan, Karen L Parkhill, Michael J Coyle, Omar Ishrak, Richard H Anderson, Richard Kuntz and Robert John White. View Institutional Ownership Trends for Medtronic.
Which major investors are selling Medtronic stock?
MDT stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Artisan Partners Limited Partnership, Massachusetts Financial Services Co. MA, Renaissance Technologies LLC, Boston Partners, FMR LLC, AQR Capital Management LLC and Manning & Napier Group LLC. 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, Michael J Coyle, Richard Kuntz and Robert John White. View Insider Buying and Selling for Medtronic.
Which major investors are buying Medtronic stock?
MDT stock was acquired by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, Amundi Pioneer Asset Management Inc., M&G Investment Management Ltd., Point72 Asset Management L.P., DekaBank Deutsche Girozentrale, Eaton Vance Management, Sanders Capital LLC and Pictet Asset Management Ltd.. 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, Robinhood, Fidelity and Charles Schwab.
What is Medtronic's stock price today?
One share of MDT stock can currently be purchased for approximately $117.33.
MarketBeat Community Rating for Medtronic (NYSE MDT)
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.
