Wall Street brokerages expect SeaSpine Holdings Corp (NASDAQ:SPNE) to post ($0.52) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for SeaSpine’s earnings. The lowest EPS estimate is ($0.54) and the highest is ($0.50). SeaSpine posted earnings per share of ($0.87) in the same quarter last year, which would indicate a positive year-over-year growth rate of 40.2%. The company is scheduled to announce its next earnings results on Thursday, March 1st.
On average, analysts expect that SeaSpine will report full-year earnings of ($2.58) per share for the current financial year, with EPS estimates ranging from ($2.65) to ($2.52). For the next fiscal year, analysts anticipate that the company will post earnings of ($1.80) per share, with EPS estimates ranging from ($2.12) to ($1.51). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover SeaSpine.
Several analysts have issued reports on SPNE shares. HC Wainwright restated a “buy” rating and set a $15.00 price objective on shares of SeaSpine in a report on Friday, November 3rd. Zacks Investment Research downgraded SeaSpine from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Ladenburg Thalmann Financial Services started coverage on SeaSpine in a report on Thursday, December 14th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, BTIG Research restated a “buy” rating on shares of SeaSpine in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.25.
Large investors have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC purchased a new position in SeaSpine during the 2nd quarter valued at about $133,000. Goldman Sachs Group Inc. purchased a new position in SeaSpine during the 2nd quarter valued at about $161,000. Schwab Charles Investment Management Inc. grew its stake in SeaSpine by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,707 shares of the medical equipment provider’s stock valued at $216,000 after acquiring an additional 190 shares in the last quarter. Trexquant Investment LP purchased a new position in SeaSpine during the 3rd quarter valued at about $214,000. Finally, Northern Trust Corp grew its stake in SeaSpine by 2.3% during the 2nd quarter. Northern Trust Corp now owns 24,869 shares of the medical equipment provider’s stock valued at $286,000 after acquiring an additional 559 shares in the last quarter. 44.13% of the stock is currently owned by institutional investors.
Shares of SeaSpine (SPNE) opened at $10.13 on Thursday. The stock has a market capitalization of $136.04 and a PE ratio of -3.48. SeaSpine has a twelve month low of $6.31 and a twelve month high of $13.46.
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SeaSpine Holdings Corporation is a medical technology company. The Company is focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. The Company operates through the development, manufacture and marketing of orthobiologics and spinal fusion hardware segment.
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