Masimo (MASI) Issues FY18 Earnings Guidance

Masimo (NASDAQ:MASI) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.66. The company issued revenue guidance of $836.0 million, compared to the consensus revenue estimate of $832.07 million.

Several brokerages recently issued reports on MASI. Barclays began coverage on shares of Masimo in a research note on Friday, March 9th. They issued an overweight rating and a $97.00 price target for the company. Zacks Investment Research upgraded shares of Masimo from a hold rating to a buy rating and set a $94.00 price target for the company in a research note on Tuesday, March 6th. Piper Jaffray Companies reiterated a hold rating and issued a $91.00 price target on shares of Masimo in a research note on Thursday, March 1st. Finally, BidaskClub upgraded shares of Masimo from a sell rating to a hold rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Masimo presently has a consensus rating of Buy and an average target price of $101.00.

Shares of Masimo (NASDAQ MASI) traded down $1.58 during mid-day trading on Wednesday, reaching $87.86. 545,327 shares of the company traded hands, compared to its average volume of 595,392. Masimo has a one year low of $80.69 and a one year high of $104.71. The stock has a market cap of $4,580.00, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

Masimo (NASDAQ:MASI) last announced its quarterly earnings data on Tuesday, February 27th. The medical equipment provider reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.11. Masimo had a net margin of 16.49% and a return on equity of 22.75%. The company had revenue of $225.20 million for the quarter, compared to the consensus estimate of $201.54 million. During the same period in the prior year, the firm posted $0.46 EPS. Masimo’s revenue for the quarter was up 22.9% on a year-over-year basis. analysts forecast that Masimo will post 2.81 EPS for the current fiscal year.

In other news, EVP Yongsam Lee sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $88.17, for a total transaction of $881,700.00. Following the sale, the executive vice president now owns 75,018 shares of the company’s stock, valued at approximately $6,614,337.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sanford Fitch sold 2,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the director now directly owns 70,249 shares in the company, valued at approximately $6,322,410. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock worth $2,177,340 over the last three months. 13.10% of the stock is currently owned by insiders.

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Masimo Company Profile

Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.

Earnings History and Estimates for Masimo (NASDAQ:MASI)

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