Equities analysts forecast that K2M Group Holdings Inc (NASDAQ:KTWO) will announce $71.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for K2M Group’s earnings. The lowest sales estimate is $71.10 million and the highest is $71.90 million. K2M Group reported sales of $62.65 million in the same quarter last year, which indicates a positive year over year growth rate of 14.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that K2M Group will report full-year sales of $289.05 million for the current financial year, with estimates ranging from $289.00 million to $289.10 million. For the next fiscal year, analysts forecast that the company will post sales of $318.60 million, with estimates ranging from $317.80 million to $319.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover K2M Group.

K2M Group (NASDAQ:KTWO) last released its quarterly earnings results on Wednesday, August 1st. The medical device company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.06). The firm had revenue of $73.58 million for the quarter, compared to analyst estimates of $70.85 million. K2M Group had a negative return on equity of 16.27% and a negative net margin of 14.49%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) EPS.

KTWO has been the subject of several research reports. Cowen downgraded K2M Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $28.00 to $27.50 in a research note on Tuesday, September 4th. Cantor Fitzgerald began coverage on K2M Group in a research report on Thursday, May 31st. They set an “overweight” rating and a $28.00 price objective for the company. ValuEngine upgraded K2M Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Oppenheimer cut K2M Group from an “outperform” rating to a “hold” rating in a research report on Friday, August 31st. Finally, JMP Securities cut K2M Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $25.90.

Shares of NASDAQ:KTWO traded down $0.03 during midday trading on Friday, hitting $27.25. 1,152,400 shares of the stock were exchanged, compared to its average volume of 468,627. The company has a market capitalization of $1.19 billion, a PE ratio of -31.39 and a beta of 1.61. The company has a quick ratio of 2.13, a current ratio of 3.48 and a debt-to-equity ratio of 0.51. K2M Group has a twelve month low of $16.44 and a twelve month high of $27.50.

In related news, CFO Gregory S. Cole sold 82,304 shares of K2M Group stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $27.40, for a total transaction of $2,255,129.60. Following the completion of the sale, the chief financial officer now owns 147,963 shares in the company, valued at approximately $4,054,186.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gregory S. Cole sold 1,480 shares of K2M Group stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $20.08, for a total value of $29,718.40. Following the completion of the sale, the chief financial officer now owns 65,659 shares of the company’s stock, valued at approximately $1,318,432.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,346 shares of company stock valued at $2,318,362. 6.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP purchased a new stake in K2M Group in the 1st quarter valued at about $190,000. First Republic Investment Management Inc. purchased a new stake in K2M Group in the 2nd quarter valued at about $244,000. Natixis Advisors L.P. purchased a new stake in K2M Group in the 1st quarter valued at about $229,000. Renaissance Technologies LLC purchased a new stake in K2M Group in the 2nd quarter valued at about $392,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in K2M Group in the 2nd quarter valued at about $405,000.

About K2M Group

K2M Group Holdings, Inc, a medical device company, provides spine and minimally invasive solutions in the United States and internationally. The company offers implants, disposables, and instruments primarily to hospitals for use by spine surgeons to treat spinal pathologies, such as deformity, trauma, and tumor.

See Also: Put Option

Get a free copy of the Zacks research report on K2M Group (KTWO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for K2M Group (NASDAQ:KTWO)

Receive News & Ratings for K2M Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K2M Group and related companies with MarketBeat.com's FREE daily email newsletter.