News coverage about Wright Medical Group (NASDAQ:WMGI) has been trending positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wright Medical Group earned a media sentiment score of 0.44 on Accern’s scale. Accern also assigned media headlines about the medical device company an impact score of 45.1407281433198 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
A number of research analysts have recently weighed in on the company. Robert W. Baird restated a “buy” rating and set a $33.00 price objective on shares of Wright Medical Group in a research report on Friday, October 6th. Jefferies Group restated a “buy” rating and set a $33.00 price objective on shares of Wright Medical Group in a research report on Thursday, October 12th. Cantor Fitzgerald restated an “overweight” rating on shares of Wright Medical Group in a research report on Friday, January 5th. BMO Capital Markets cut their price objective on Wright Medical Group from $34.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Wright Medical Group in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $31.89.
Wright Medical Group (NASDAQ:WMGI) opened at $24.04 on Monday. Wright Medical Group has a 12-month low of $22.00 and a 12-month high of $31.53. The stock has a market capitalization of $1,240.00, a P/E ratio of -5.07, a price-to-earnings-growth ratio of 499.53 and a beta of 0.60. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.96 and a current ratio of 1.31.
Wright Medical Group (NASDAQ:WMGI) last announced its earnings results on Wednesday, November 1st. The medical device company reported ($0.16) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). Wright Medical Group had a negative return on equity of 6.27% and a negative net margin of 38.40%. The business had revenue of $170.50 million during the quarter, compared to analyst estimates of $173.50 million. During the same quarter in the previous year, the business earned ($0.19) earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts forecast that Wright Medical Group will post -0.27 EPS for the current fiscal year.
In other Wright Medical Group news, Director Richard F. Wallman bought 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $24.00 per share, for a total transaction of $96,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory Morrison sold 92,140 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $23.70, for a total value of $2,183,718.00. The disclosure for this sale can be found here. Insiders have sold 92,440 shares of company stock valued at $2,191,103 in the last 90 days. Company insiders own 9.30% of the company’s stock.
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Wright Medical Group Company Profile
Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.
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