$868.48 Million in Sales Expected for Intuitive Surgical, Inc. (ISRG) This Quarter

Wall Street brokerages expect that Intuitive Surgical, Inc. (NASDAQ:ISRG) will announce sales of $868.48 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Intuitive Surgical’s earnings, with estimates ranging from $859.00 million to $885.60 million. Intuitive Surgical reported sales of $756.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.8%. The business is expected to announce its next earnings results after the market closes on Thursday, July 19th.

On average, analysts expect that Intuitive Surgical will report full-year sales of $3.61 billion for the current financial year, with estimates ranging from $3.54 billion to $3.68 billion. For the next financial year, analysts forecast that the company will report sales of $4.05 billion per share, with estimates ranging from $3.97 billion to $4.23 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Intuitive Surgical.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Tuesday, April 17th. The medical equipment provider reported $2.44 EPS for the quarter, beating the consensus estimate of $2.07 by $0.37. Intuitive Surgical had a net margin of 23.25% and a return on equity of 20.72%. The firm had revenue of $848.00 million during the quarter, compared to the consensus estimate of $773.20 million. During the same quarter in the prior year, the firm earned $5.09 EPS. Intuitive Surgical’s revenue for the quarter was up 25.8% on a year-over-year basis.

Several analysts recently commented on ISRG shares. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $488.00 price target for the company in a research report on Tuesday, March 20th. Bank of America upped their price target on shares of Intuitive Surgical from $465.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, April 18th. Canaccord Genuity upped their price target on shares of Intuitive Surgical from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, April 18th. Stifel Nicolaus upped their price target on shares of Intuitive Surgical from $480.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, April 18th. Finally, Vetr downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating and set a $454.14 price target for the company. in a research report on Tuesday, April 10th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $464.21.

In other news, SVP Mark J. Meltzer sold 6,000 shares of the company’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $483.65, for a total transaction of $2,901,900.00. Following the transaction, the senior vice president now directly owns 11,552 shares of the company’s stock, valued at approximately $5,587,124.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary S. Guthart sold 36,642 shares of the company’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $446.96, for a total transaction of $16,377,508.32. Following the transaction, the chief executive officer now directly owns 340,184 shares in the company, valued at $152,048,640.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 170,767 shares of company stock valued at $77,995,219. 2.20% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of ISRG. McKinley Carter Wealth Services Inc. acquired a new position in shares of Intuitive Surgical during the 1st quarter worth $132,000. Fieldpoint Private Securities LLC acquired a new position in shares of Intuitive Surgical during the 4th quarter worth $146,000. Signaturefd LLC acquired a new position in shares of Intuitive Surgical during the 1st quarter worth $171,000. WESPAC Advisors LLC acquired a new position in shares of Intuitive Surgical during the 1st quarter worth $203,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Intuitive Surgical during the 1st quarter worth $206,000. 85.45% of the stock is currently owned by institutional investors and hedge funds.

ISRG stock opened at $485.58 on Thursday. Intuitive Surgical has a 12 month low of $307.00 and a 12 month high of $496.92. The firm has a market capitalization of $55.30 billion, a P/E ratio of 67.54, a price-to-earnings-growth ratio of 4.56 and a beta of 0.58.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural hand movements, which are performed on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

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