Teleflex (TFX) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teleflex in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TFX shares.
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12 equities research analysts have issued 1 year price targets for Teleflex's stock. Their TFX share price forecasts range from $210.00 to $330.00. On average, they anticipate the company's stock price to reach $273.38 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
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Teleflex's stock was trading at $249.63 at the start of the year. Since then, TFX stock has decreased by 6.0% and is now trading at $234.75.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Teleflex Incorporated (NYSE:TFX) announced its quarterly earnings data on Thursday, May, 4th. The medical technology company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.12. The medical technology company had revenue of $710.90 million for the quarter, compared to analyst estimates of $687.11 million. Teleflex had a trailing twelve-month return on equity of 15.80% and a net margin of 12.68%. The company's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.88 EPS.
Read the conference call transcript.

Teleflex declared a quarterly dividend on Monday, May 8th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.34 per share on Thursday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, May 12th.
Read our dividend analysis for TFX.

ETFs with the largest weight of Teleflex (NYSE:TFX) stock in their portfolio include First Trust Indxx Medical Devices ETF (MDEV), Invesco S&P 500 Equal Weight Health Care ETF (RYH), SPDR S&P Health Care Equipment ETF (XHE), iShares U.S. Medical Devices ETF (IHI), Mid Cap US Equity Select ETF (RNMC), Global X Aging Population ETF (AGNG), First Trust Health Care AlphaDEX Fund (FXH) and Timothy Plan US Large Cap Core ETF (TPLC).

Teleflex (NYSE:TFX) pays an annual dividend of $1.36 per share and currently has a dividend yield of 0.59%. The dividend payout ratio is 17.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TFX will have a dividend payout ratio of 9.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TFX.

Teleflex updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $13.00-$13.60 for the period, compared to the consensus earnings per share estimate of $13.29. The company issued revenue guidance of $2.92 billion-$2.96 billion, compared to the consensus revenue estimate of $2.93 billion.

73 employees have rated Teleflex Chief Executive Officer Liam Kelly on Glassdoor.com. Liam Kelly has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Teleflex investors own include NVIDIA (NVDA), AbbVie (ABBV), Johnson & Johnson (JNJ), Alibaba Group (BABA), Lam Research (LRCX), ServiceNow (NOW), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Salesforce (CRM) and Cisco Systems (CSCO).

Teleflex trades on the New York Stock Exchange (NYSE) under the ticker symbol "TFX."

Teleflex's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.48%), Wellington Management Group LLP (6.60%), State Street Corp (4.96%), Price T Rowe Associates Inc. MD (3.90%), Geode Capital Management LLC (2.07%) and Allspring Global Investments Holdings LLC (1.80%). Insiders that own company stock include Andrew A Krakauer, Cameron P Hicks, Liam Kelly, Stephen K MD Klasko, Stephen K MD Klasko and Stuart A Randle.
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Shares of TFX 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 TFX stock can currently be purchased for approximately $234.75.

Teleflex (NYSE:TFX) has a market capitalization of $11.01 billion and generates $2.79 billion in revenue each year. The medical technology company earns $363.14 million in net income (profit) each year or $7.67 on an earnings per share basis.

The company employs 15,500 workers across the globe.

Teleflex's mailing address is 550 E SWEDESFORD RD, WAYNE PA, 19087. The official website for the company is www.teleflex.com. The medical technology company can be reached via phone at (610) 225-6800, via email at shareholder@broadridge.com, or via fax at 215-553-5402.