Edwards Lifesciences Corporation (NYSE:EW) – Leerink Swann lowered their FY2019 EPS estimates for Edwards Lifesciences Corporation in a report issued on Tuesday. Leerink Swann analyst D. Antalffy now expects that the medical research company will post earnings per share of $4.44 for the year, down from their prior estimate of $4.45. Leerink Swann also issued estimates for Edwards Lifesciences Corporation’s FY2020 earnings at $5.09 EPS and FY2021 earnings at $5.88 EPS.
Edwards Lifesciences Corporation (NYSE:EW) last announced its quarterly earnings data on Wednesday, July 26th. The medical research company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.20. Edwards Lifesciences Corporation had a return on equity of 27.17% and a net margin of 22.16%. The company had revenue of $842.00 million for the quarter, compared to analyst estimates of $839.16 million. During the same quarter in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year.
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Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada restated a “buy” rating and issued a $130.00 price target on shares of Edwards Lifesciences Corporation in a research note on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and issued a $130.00 price target (up previously from $118.00) on shares of Edwards Lifesciences Corporation in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Edwards Lifesciences Corporation from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Tuesday, July 18th. SunTrust Banks, Inc. raised their price target on shares of Edwards Lifesciences Corporation to $14.00 and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Jefferies Group LLC raised their price target on shares of Edwards Lifesciences Corporation from $115.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $120.75.
Shares of Edwards Lifesciences Corporation (NYSE:EW) traded down 0.182% during midday trading on Thursday, reaching $110.269. The company’s stock had a trading volume of 435,368 shares. The stock has a 50 day moving average of $111.59 and a 200-day moving average of $111.24. Edwards Lifesciences Corporation has a 1-year low of $81.12 and a 1-year high of $121.45. The company has a market capitalization of $23.43 billion, a P/E ratio of 42.249 and a beta of 0.62.
Institutional investors have recently bought and sold shares of the stock. ETF Managers Group LLC acquired a new position in Edwards Lifesciences Corporation in the 2nd quarter worth approximately $112,000. Shine Investment Advisory Services Inc. acquired a new position in Edwards Lifesciences Corporation in the 2nd quarter worth approximately $126,000. Cornerstone Advisors Inc. boosted its stake in Edwards Lifesciences Corporation by 25.1% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,092 shares of the medical research company’s stock worth $129,000 after purchasing an additional 219 shares during the period. Alexandria Capital LLC boosted its stake in Edwards Lifesciences Corporation by 1.7% in the 2nd quarter. Alexandria Capital LLC now owns 1,146 shares of the medical research company’s stock worth $136,000 after purchasing an additional 19 shares during the period. Finally, MPS Loria Financial Planners LLC acquired a new position in Edwards Lifesciences Corporation in the 2nd quarter worth approximately $140,000. 82.12% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Donald E. Bobo, Jr. sold 5,300 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $114.68, for a total transaction of $607,804.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Catherine M. Szyman sold 4,681 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $115.78, for a total transaction of $541,966.18. The disclosure for this sale can be found here. Insiders have sold 182,201 shares of company stock valued at $20,768,154 over the last 90 days. 2.13% of the stock is currently owned by insiders.
Edwards Lifesciences Corporation Company Profile
Edwards Lifesciences Corporation is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company is engaged in patient-focused innovations for structural heart disease and critical care monitoring. Its segments include United States, Europe, Japan and Rest of World.
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