NYSE:SYK - Stryker Stock Price, News, & Analysis

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$176.09 +1.59 (+0.91 %)
(As of 09/24/2018 04:00 PM ET)
Previous Close$174.50
Today's Range$174.10 - $176.55
52-Week Range$138.94 - $179.84
Volume61,172 shs
Average Volume1.26 million shs
Market Capitalization$65.26 billion
P/E Ratio26.88
Dividend Yield1.08%
Beta0.59
Stryker logoStryker Corporation operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine. The Orthopaedics segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries. The MedSurg segment offers surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices, and other medical devices for use in various medical specialties. The Neurotechnology and Spine segment provides neurotechnology products that include products used for minimally invasive endovascular techniques; products for brain and open skull based surgical procedures; orthobiologic and biosurgery products, such as synthetic bone grafts and vertebral augmentation products; and minimally invasive products for the treatment of acute ischemic and hemorrhagic stroke. It also provides spinal implant products comprising cervical, thoracolumbar, and interbody systems for use in spinal injury, deformity, and degenerative therapies. The company sells its products to doctors, hospitals, and other healthcare facilities through company-owned sales subsidiaries and branches, as well as third-party dealers and distributors in approximately 85 countries. Stryker Corporation was founded in 1941 and is headquartered in Kalamazoo, Michigan.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Surgical & medical instruments
Sub-IndustryHealth Care Equipment
SectorMedical
SymbolNYSE:SYK
CUSIP86366710
Phone269-389-2600

Debt

Debt-to-Equity Ratio0.63
Current Ratio1.83
Quick Ratio1.15

Price-To-Earnings

Trailing P/E Ratio26.88
Forward P/E Ratio24.29
P/E Growth2.45

Sales & Book Value

Annual Sales$12.44 billion
Price / Sales5.29
Cash Flow$8.3773 per share
Price / Cash21.02
Book Value$26.67 per share
Price / Book6.60

Profitability

EPS (Most Recent Fiscal Year)$6.49
Net Income$1.02 billion
Net Margins8.28%
Return on Equity26.93%
Return on Assets12.05%

Miscellaneous

Employees33,000
Outstanding Shares373,990,000
Market Cap$65.26 billion

Stryker (NYSE:SYK) Frequently Asked Questions

What is Stryker's stock symbol?

Stryker trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYK."

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

Stryker declared a quarterly dividend on Wednesday, September 19th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.47 per share on Wednesday, October 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, September 27th. View Stryker's Dividend History.

How were Stryker's earnings last quarter?

Stryker Co. (NYSE:SYK) released its quarterly earnings data on Tuesday, July, 24th. The medical technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The medical technology company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.31 billion. Stryker had a return on equity of 26.93% and a net margin of 8.28%. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS. View Stryker's Earnings History.

When is Stryker's next earnings date?

Stryker is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for Stryker.

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

Stryker updated its FY18 earnings guidance on Tuesday, July, 24th. The company provided earnings per share (EPS) guidance of $7.22-7.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.23. Stryker also updated its Q3 guidance to $1.65-1.70 EPS.

What price target have analysts set for SYK?

22 Wall Street analysts have issued 1-year price targets for Stryker's stock. Their predictions range from $148.00 to $200.00. On average, they anticipate Stryker's stock price to reach $177.95 in the next year. This suggests a possible upside of 1.1% from the stock's current price. View Analyst Price Targets for Stryker.

What is the consensus analysts' recommendation for Stryker?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Stryker in the last year. There are currently 1 sell rating, 7 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Stryker.

What are Wall Street analysts saying about Stryker stock?

Here are some recent quotes from research analysts about Stryker stock:
  • 1. BTIG Research analysts commented, "Adding Photonics to its Instrument Offerings This morning, Stryker announced the acquisition of Invuity (IVTY, Not a share in all cash, for a deal value of ~$190M. With TTM sales of $40.8M, the deal multiple comes in at ~4.7x, in line with previous SYK acquisitions. The IVTY portfolio of photonic illuminated retractors will add to Stryker’s product offering in a variety of areas such as nipple- sparing mastectomies, anterior hip procedures, as well as general surgery and other areas. We believe the IVTY products will compliment Stryker’s existing visualization and illumination product portfolio modestly. That said, while IVTY offered a novel technology, the company was challenged to independently gain broader adoption as a stand-alone technology beyond a specific subset of procedures where proper illumination was not achieved with overhead exterior surgical field lighting." (9/12/2018)
  • 2. Needham & Company LLC analysts commented, "SYK is acquiring Invuity (IVTY) for $7.40 per share (a 29% premium) or ~$190M of cash which is 3.4x consensus 2019E sales (vs. 6.4x EV/2019E sales for its medical supplies peers). IVTY makes disposable lighted instruments which increase visibility during minimally invasive surgical (MIS) procedures. We believe IVTY fits well with SYK’s Instruments business and note that IVTY’s products are applicable to a large number of surgical procedures. While the deal may be slightly dilutive in 2019, we believe that SYK can absorb this and still deliver on its 9%+ EPS growth target. And the deal should start to become increasingly accretive in 2020 and beyond." (9/11/2018)
  • 3. According to Zacks Investment Research, "Stryker wrapped up the second quarter on a solid note, with earnings and revenues beating estimates. The company continues to gain from its flagship Mako Total Knee platform, which drove its core Orthopaedic segment. In fact, Mako saw increasing robot installations in the quarter. Surging domestic sales is a positive. Moreover, solid performance in emerging markets and Europe paints a bright picture. Considerable expansion in operating margin is encouraging as well. Higher R&D expenses indicate increasing focus on innovation. However, Stryker’s Spine business continued to see market softness and mid-single digit pricing declines. Further, supply issues in the Puerto Rico facility continue to plague the company. The slowdown of MedSurg’s sustainability revenue growth is another negative. Stiff competition is likely to mar Stryker’s prospects. Stryker underperformed the industry in a year." (8/8/2018)
  • 4. Cantor Fitzgerald analysts commented, ". This morning (6/11), Journal reported that SYK made a takeover approach of Boston Scientific (Not Covered). Trading on both stocks was halted for a period of time during the day. BSX released an 8-K saying that it was aware of the story, but in accordance with company practice, it does not comment on market rumors or speculation. SYK made similar comment when we reached out directly to them. We view SYK’s potential interest positively, although as somewhat unexpected." (6/13/2018)

Who are some of Stryker's key competitors?

Who are Stryker's key executives?

Stryker's management team includes the folowing people:
  • Mr. Kevin A. Lobo, Chairman & CEO (Age 53)
  • Mr. Timothy J. Scannell, Pres & COO (Age 53)
  • Mr. Glenn S. Boehnlein, VP & CFO (Age 56)
  • Mr. Lonny J. Carpenter, Group Pres & Adviser to the CEO (Age 56)
  • Mr. David K. Floyd, Group Pres & Advisor to the CEO (Age 57)

Who are Stryker's major shareholders?

Stryker's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.56%), Greenleaf Trust (6.17%), Massachusetts Financial Services Co. MA (2.25%), Bank of New York Mellon Corp (2.13%), Bank of New York Mellon Corp (2.13%) and Fundsmith Equity Fund L.P. (1.48%). Company insiders that own Stryker stock include David Floyd, Glenn S Boehnlein, Graham A Mclean, Howard E Cox Jr, Katherine Ann Owen, Kevin Lobo, Lonny J Carpenter, Louise Francesconi, M Kathryn Fink, Roch Doliveux, Ronda E Stryker, Timothy J Scannell, William E Berry Jr and Yin C Becker. View Institutional Ownership Trends for Stryker.

Which institutional investors are selling Stryker stock?

SYK stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Bank of New York Mellon Corp, Bank of New York Mellon Corp, Yacktman Asset Management LP, Jensen Investment Management Inc., Greenleaf Trust, CIBC Private Wealth Group LLC and Russell Investments Group Ltd.. Company insiders that have sold Stryker company stock in the last year include David Floyd, Glenn S Boehnlein, Graham A Mclean, Howard E Cox Jr, Katherine Ann Owen, Kevin Lobo, Lonny J Carpenter, M Kathryn Fink, William E Berry Jr and Yin C Becker. View Insider Buying and Selling for Stryker.

Which institutional investors are buying Stryker stock?

SYK stock was acquired by a variety of institutional investors in the last quarter, including Fundsmith Equity Fund L.P., FMR LLC, Point72 Asset Management L.P., BlackRock Inc., Royal London Asset Management Ltd., Bank of America Corp DE, California Public Employees Retirement System and Morgan Stanley. View Insider Buying and Selling for Stryker.

How do I buy shares of Stryker?

Shares of SYK 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 Stryker's stock price today?

One share of SYK stock can currently be purchased for approximately $176.06.

How big of a company is Stryker?

Stryker has a market capitalization of $65.26 billion and generates $12.44 billion in revenue each year. The medical technology company earns $1.02 billion in net income (profit) each year or $6.49 on an earnings per share basis. Stryker employs 33,000 workers across the globe.

What is Stryker's official website?

The official website for Stryker is http://www.strykercorp.com.

How can I contact Stryker?

Stryker's mailing address is 2825 AIRVIEW BLVD, KALAMAZOO MI, 49002. The medical technology company can be reached via phone at 269-389-2600 or via email at [email protected]


MarketBeat Community Rating for Stryker (NYSE SYK)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  637 (Vote Outperform)
Underperform Votes:  620 (Vote Underperform)
Total Votes:  1,257
MarketBeat's community ratings are surveys of what our community members think about Stryker and other stocks. Vote "Outperform" if you believe SYK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SYK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/24/2018 by MarketBeat.com Staff

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