NYSE:MDT - Medtronic Stock Price, News, & Analysis

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$90.39 -1.71 (-1.86 %)
(As of 03/24/2019 01:46 PM ET)
Previous Close$90.39
Today's Range$90.37 - $92.1150
52-Week Range$76.41 - $100.15
Volume4.29 million shs
Average Volume6.22 million shs
Market Capitalization$121.23 billion
P/E Ratio18.95
Dividend Yield2.21%
Beta0.82
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. It also provides aortic valves; percutaneous coronary intervention stents, surgical valve replacement and repair products, endovascular stent grafts, percutaneous angioplasty balloons, and products to treat superficial venous diseases in the lower extremities. The Minimally Invasive Therapies Group segment offers surgical products, including surgical stapling devices, vessel sealing instruments, wound closure, electrosurgery products, hernia mechanical devices, mesh implants, and gynecology products; hardware instruments and mesh fixation device; and gastrointestinal, inhalation therapy, and renal care solutions. The Restorative Therapies Group segment offers products for spinal surgeons, neurosurgeons, neurologists, pain management specialists, anesthesiologists, orthopedic surgeons, urologists, colorectal surgeons, urogynecologists, interventional radiologists, and ear, nose, and throat specialists; and systems that incorporate energy surgical instruments. It also provides image-guided surgery and intra-operative imaging systems; and therapies for vasculature in and around the brain. The Diabetes Group segment offers insulin pumps and consumables, continuous glucose monitoring systems, and therapy management software. The company was founded in 1949 and is headquartered in Dublin, Ireland.

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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$29.95 billion
Cash Flow$6.7607 per share
Book Value$37.24 per share

Profitability

Net Income$3.10 billion

Miscellaneous

Employees86,000
Outstanding Shares1,341,150,000
Market Cap$121.23 billion
Next Earnings Date5/23/2019 (Estimated)
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, March 11th. Investors of record on Friday, March 22nd will be given a dividend of $0.50 per share on Friday, April 12th. This represents a $2.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, March 21st. View Medtronic's Dividend History.

How will Medtronic's stock buyback program work?

Medtronic announced that its Board of Directors has approved a share repurchase program on Thursday, October 5th 2017, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 49% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

How were Medtronic's earnings last quarter?

Medtronic PLC (NYSE:MDT) released its earnings results on Tuesday, February, 19th. The medical technology company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The medical technology company earned $7.55 billion during the quarter, compared to analysts' expectations of $7.53 billion. Medtronic had a return on equity of 13.85% and a net margin of 16.10%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 Thursday, May 23rd 2019. View Earnings Estimates for Medtronic.

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

Medtronic issued an update on its FY19 earnings guidance on Tuesday, February, 19th. The company provided EPS guidance of $5.14-5.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.12.

What price target have analysts set for MDT?

23 Wall Street analysts have issued 1 year price objectives for Medtronic's shares. Their predictions range from $84.00 to $120.00. On average, they expect Medtronic's stock price to reach $103.3636 in the next year. This suggests a possible upside of 14.4% 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 8 hold ratings, 14 buy ratings and 1 strong buy rating 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 highlight these results vis-a-vis Edwards’ PARTNER-3 Study which showed superiority at 1-year in the SAPIEN 3 arm. We note that there remain numerous unanswered questions in this cohort of low-risk patients. the trial This trial was a 1:1 randomized study using hierarchical endpoint analysis for non-inferiority first, and then on superiority." (3/18/2019)
  • 2. 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)
  • 3. According to Zacks Investment Research, "Over the past three months, shares of Medtronic outperformed its industry. We are optimistic about the impending acquisition of Mazor Robotics which is expected to fortify Medtronic's position in spine surgery. The buyout will combine Medtronic's spine implants, navigation and intra-operative imaging technology with Mazor Robotics’robotic-assisted surgery (RAS) systems. Meanwhile, Medtronic reported solid top-line growth across all its major business groups in its first-quarter fiscal 2019. This highlighted sustainability across groups and regions, in addition to displaying successful achievement of synergy targets. Also, gradually stabilizing CRHF market holds promise. The company is also focusing on geographical diversification of its businesses. Yet, escalating costs and expenses continue to weigh on Medtronic’s bottom line. The company’s 2019 guidance remains conservative on apprehension of significant currency woe." (11/16/2018)

Has Medtronic been receiving favorable news coverage?

News coverage about MDT stock has been trending positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Medtronic earned a daily sentiment score of 2.1 on InfoTrie's scale. They also gave news headlines about the medical technology company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.

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), General Electric (GE), Intel (INTC), AT&T (T), Walt Disney (DIS), Cisco Systems (CSCO), AbbVie (ABBV), NVIDIA (NVDA), Pfizer (PFE) and CVS Health (CVS).

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 investors include BlackRock Inc. (7.37%), Massachusetts Financial Services Co. MA (4.23%), Bank of New York Mellon Corp (1.28%), Geode Capital Management LLC (1.24%), Northern Trust Corp (1.23%) and Oregon Public Employees Retirement Fund (0.99%). Company insiders that own Medtronic stock include Bradley E Lerman, Bryan C Hanson, Carol A Surface, Geoffrey Martha, 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 Harris Associates L P, Nordea Investment Management AB, State of Tennessee Treasury Department, Sanders Capital LLC, Longview Partners Guernsey LTD, Massachusetts Financial Services Co. MA, Barrow Hanley Mewhinney & Strauss LLC and Haverford Trust Co.. Company insiders that have sold Medtronic company stock in the last year include Bradley E Lerman, Geoffrey Martha, Hooman Hakami, Michael J Coyle 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 Oregon Public Employees Retirement Fund, Norges Bank, American Century Companies Inc., Geode Capital Management LLC, D. E. Shaw & Co. Inc., BlackRock Inc., FMR LLC and GQG Partners LLC. 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 $90.39.

How big of a company is Medtronic?

Medtronic has a market capitalization of $121.23 billion and generates $29.95 billion in revenue each year. The medical technology company earns $3.10 billion in net income (profit) each year or $4.77 on an earnings per share basis. Medtronic employs 86,000 workers across the globe.

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:  3.1 out of 5 (star star star)
Outperform Votes:  1,165 (Vote Outperform)
Underperform Votes:  701 (Vote Underperform)
Total Votes:  1,866
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 3/24/2019 by MarketBeat.com Staff

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