Teleflex Incorporated (NYSE:TFX) – Analysts at Leerink Swann issued their Q1 2018 earnings per share (EPS) estimates for shares of Teleflex in a research note issued to investors on Tuesday, Zacks Investment Research reports. Leerink Swann analyst R. Newitter forecasts that the medical technology company will post earnings per share of $2.00 for the quarter. Leerink Swann also issued estimates for Teleflex’s Q2 2018 earnings at $2.40 EPS, Q3 2018 earnings at $2.52 EPS and Q4 2018 earnings at $2.67 EPS.
Teleflex (NYSE:TFX) last announced its quarterly earnings results on Thursday, November 2nd. The medical technology company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.11. The firm had revenue of $534.70 million for the quarter, compared to the consensus estimate of $522.94 million. Teleflex had a return on equity of 16.27% and a net margin of 12.41%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share.
Several other equities analysts also recently commented on the company. ValuEngine downgraded Teleflex from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Deutsche Bank downgraded Teleflex from a “buy” rating to a “hold” rating and set a $251.00 target price on the stock. in a research report on Tuesday, November 14th. Piper Jaffray Companies initiated coverage on Teleflex in a research report on Friday, November 10th. They issued an “overweight” rating and a $295.00 target price on the stock. Morgan Stanley increased their price target on Teleflex from $274.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Finally, Jefferies Group increased their price target on Teleflex from $270.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $274.44.
Shares of Teleflex (TFX) traded up $2.59 during midday trading on Thursday, reaching $263.18. The company’s stock had a trading volume of 177,527 shares, compared to its average volume of 276,821. The firm has a market capitalization of $11,860.00, a P/E ratio of 47.51, a PEG ratio of 1.92 and a beta of 1.09. The company has a current ratio of 4.72, a quick ratio of 3.70 and a debt-to-equity ratio of 0.88. Teleflex has a 1 year low of $162.79 and a 1 year high of $271.23.
Large investors have recently made changes to their positions in the stock. Federated Investors Inc. PA raised its position in Teleflex by 65.4% during the 2nd quarter. Federated Investors Inc. PA now owns 38,160 shares of the medical technology company’s stock worth $7,928,000 after purchasing an additional 15,091 shares during the last quarter. Legal & General Group Plc raised its position in Teleflex by 25.6% during the 2nd quarter. Legal & General Group Plc now owns 85,403 shares of the medical technology company’s stock worth $17,734,000 after purchasing an additional 17,403 shares during the last quarter. Clinton Group Inc. bought a new position in Teleflex during the 2nd quarter worth $325,000. Koch Industries Inc. raised its position in Teleflex by 47,174.3% during the 2nd quarter. Koch Industries Inc. now owns 959,669 shares of the medical technology company’s stock worth $955,000 after purchasing an additional 957,639 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Teleflex during the 3rd quarter worth $955,000. 89.29% of the stock is owned by institutional investors and hedge funds.
In other news, Director Stephen K. M.D. Klasko sold 200 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $248.96, for a total value of $49,792.00. Following the completion of the transaction, the director now directly owns 8,080 shares in the company, valued at approximately $2,011,596.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Benson Smith sold 2,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $258.10, for a total value of $516,200.00. Following the transaction, the chief executive officer now directly owns 76,634 shares of the company’s stock, valued at $19,779,235.40. The disclosure for this sale can be found here. Insiders have sold 2,600 shares of company stock valued at $666,492 over the last 90 days. Corporate insiders own 2.39% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Tuesday, November 14th. Teleflex’s payout ratio is presently 24.55%.
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Teleflex Incorporated is a provider of medical technology products. The Company designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for diagnostic and therapeutic procedures in critical care and surgical applications. The Company operates through six segments: Vascular North America; Anesthesia North America; Surgical North America; Europe, the Middle East and Africa (EMEA); Asia, and Original Equipment Manufacturer (OEM).
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