Equities research analysts expect that Insulet Co. (NASDAQ:PODD) will post sales of $125.25 million for the current quarter, according to Zacks. Ten analysts have provided estimates for Insulet’s earnings. The highest sales estimate is $127.49 million and the lowest is $124.20 million. Insulet posted sales of $103.58 million during the same quarter last year, which suggests a positive year over year growth rate of 20.9%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Insulet will report full-year sales of $125.25 million for the current year, with estimates ranging from $457.40 million to $460.79 million. For the next year, analysts anticipate that the firm will report sales of $556.15 million per share, with estimates ranging from $510.43 million to $588.51 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Insulet.
Several brokerages have recently issued reports on PODD. Zacks Investment Research upgraded Insulet from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. BidaskClub upgraded Insulet from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Raymond James Financial upgraded Insulet from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, January 8th. UBS Group upgraded Insulet from a “market perform” rating to an “outperform” rating in a research note on Monday, January 8th. Finally, Barclays reiterated a “buy” rating and issued a $78.00 price target on shares of Insulet in a research note on Wednesday, December 13th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Insulet has a consensus rating of “Buy” and an average target price of $62.53.
Shares of Insulet (NASDAQ PODD) traded down $0.02 on Wednesday, hitting $76.73. The stock had a trading volume of 209,300 shares, compared to its average volume of 520,055. Insulet has a one year low of $38.43 and a one year high of $78.65. The company has a debt-to-equity ratio of 4.65, a quick ratio of 4.42 and a current ratio of 4.88.
Hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC bought a new stake in Insulet during the 4th quarter worth $122,000. Equitec Specialists LLC bought a new stake in Insulet during the 4th quarter worth $145,000. James Hambro & Partners bought a new stake in Insulet during the 4th quarter worth $165,000. C M Bidwell & Associates Ltd. bought a new stake in Insulet during the 4th quarter worth $188,000. Finally, Diversified Trust Co bought a new stake in Insulet during the 4th quarter worth $218,000.
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Insulet Corporation is engaged in the development, manufacturing and sale of the OmniPod Insulin Management System (the OmniPod System), an insulin delivery system for people with insulin-dependent diabetes. The Omnipod System features a self-adhesive disposable tubeless Omnipod device, which is worn on the body for approximately three days at a time and its wireless companion, the handheld Personal Diabetes Manager (PDM).
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