Stryker Corporation Forecasted to Earn Q3 2017 Earnings of $1.45 Per Share (SYK)

Stryker Corporation (NYSE:SYK) – Investment analysts at Northcoast Research decreased their Q3 2017 earnings per share (EPS) estimates for Stryker Corporation in a research note issued to investors on Monday. Northcoast Research analyst D. Keiser now forecasts that the medical technology company will post earnings of $1.45 per share for the quarter, down from their previous forecast of $1.50. Northcoast Research also issued estimates for Stryker Corporation’s FY2017 earnings at $6.42 EPS and Q3 2018 earnings at $1.68 EPS.

Stryker Corporation (NYSE:SYK) last released its quarterly earnings results on Thursday, July 27th. The medical technology company reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.02. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. Stryker Corporation had a return on equity of 24.26% and a net margin of 14.22%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share.

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A number of other research firms also recently commented on SYK. Cowen and Company set a $160.00 price objective on shares of Stryker Corporation and gave the company a “buy” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Stryker Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub upgraded shares of Stryker Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Royal Bank Of Canada increased their price objective on shares of Stryker Corporation from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. set a $148.00 price objective on shares of Stryker Corporation and gave the company a “hold” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $146.78.

Stryker Corporation (NYSE SYK) opened at 148.79 on Tuesday. The company has a 50-day moving average price of $143.05 and a 200 day moving average price of $140.60. The stock has a market cap of $55.66 billion, a price-to-earnings ratio of 33.21 and a beta of 0.81. Stryker Corporation has a 52-week low of $106.48 and a 52-week high of $149.23.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.14%. Stryker Corporation’s payout ratio is currently 37.95%.

In related news, insider Lonny J. Carpenter sold 5,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $146.36, for a total transaction of $731,800.00. Following the completion of the transaction, the insider now owns 88,207 shares of the company’s stock, valued at approximately $12,909,976.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Graham A. Mclean sold 1,124 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $146.26, for a total transaction of $164,396.24. Following the transaction, the insider now directly owns 8,983 shares of the company’s stock, valued at approximately $1,313,853.58. The disclosure for this sale can be found here. Company insiders own 7.40% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. WESPAC Advisors LLC purchased a new position in Stryker Corporation in the 1st quarter valued at approximately $414,000. Parametric Portfolio Associates LLC boosted its position in Stryker Corporation by 4.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 668,132 shares of the medical technology company’s stock valued at $87,960,000 after buying an additional 29,532 shares during the period. Marble Harbor Investment Counsel LLC boosted its position in Stryker Corporation by 1.3% in the 1st quarter. Marble Harbor Investment Counsel LLC now owns 30,721 shares of the medical technology company’s stock valued at $4,044,000 after buying an additional 400 shares during the period. Armor Investment Advisors LLC boosted its position in Stryker Corporation by 2.1% in the 1st quarter. Armor Investment Advisors LLC now owns 4,950 shares of the medical technology company’s stock valued at $652,000 after buying an additional 100 shares during the period. Finally, Pioneer Investment Management Inc. boosted its position in Stryker Corporation by 27.2% in the 1st quarter. Pioneer Investment Management Inc. now owns 58,469 shares of the medical technology company’s stock valued at $7,697,000 after buying an additional 12,520 shares during the period. 74.10% of the stock is owned by hedge funds and other institutional investors.

Stryker Corporation Company Profile

Stryker Corporation is a medical technology company. The Company offers a range of medical technologies, including orthopedic, medical and surgical, and neurotechnology and spine products. The Company’s segments include Orthopaedics; MedSurg; Neurotechnology and Spine, and Corporate and Other. The Orthopaedics segment includes reconstructive (hip and knee) and trauma implant systems and other related products.

Earnings History and Estimates for Stryker Corporation (NYSE:SYK)

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