Medtronic (NYSE:MDT) released its quarterly earnings results on Thursday. The medical technology company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.70), MarketWatch Earnings reports. Medtronic had a net margin of 16.56% and a return on equity of 12.17%. The business had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the previous year, the company earned $1.54 EPS. The company’s revenue for the quarter was down 26.4% on a year-over-year basis.
Shares of MDT opened at $94.72 on Friday. The business’s fifty day simple moving average is $96.70 and its two-hundred day simple moving average is $105.81. The company has a current ratio of 2.13, a quick ratio of 2.28 and a debt-to-equity ratio of 0.43. Medtronic has a 12 month low of $72.13 and a 12 month high of $122.15. The company has a market cap of $127.87 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 2.57 and a beta of 0.69.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.45%. This is an increase from Medtronic’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, June 25th. Medtronic’s dividend payout ratio (DPR) is currently 47.06%.
Medtronic Company Profile
Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group.
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