Brokerages predict that Insulet Co. (NASDAQ:PODD) will announce $125.25 million in sales for the current fiscal quarter, according to Zacks. Ten analysts have made estimates for Insulet’s earnings. The highest sales estimate is $127.49 million and the lowest is $124.20 million. Insulet reported sales of $103.58 million during the same quarter last year, which indicates a positive year-over-year growth rate of 20.9%. The firm is scheduled to report its next earnings report on Monday, February 26th.

On average, analysts expect that Insulet will report full year sales of $125.25 million for the current fiscal year, with estimates ranging from $447.00 million to $460.79 million. For the next year, analysts anticipate that the business will post sales of $557.17 million per share, with estimates ranging from $510.43 million to $588.51 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Insulet.

Insulet (NASDAQ:PODD) last released its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The firm had revenue of $121.80 million for the quarter, compared to the consensus estimate of $114.02 million. Insulet had a negative net margin of 6.66% and a negative return on equity of 43.85%. The firm’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS.

A number of research analysts have issued reports on PODD shares. Zacks Investment Research lowered shares of Insulet from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub lowered shares of Insulet from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Barclays boosted their price target on shares of Insulet from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 20th. UBS Group upgraded shares of Insulet from a “market perform” rating to an “outperform” rating in a research note on Monday. Finally, Raymond James Financial raised shares of Insulet from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $62.53.

In related news, Director James C. Mullen bought 2,500 shares of the company’s stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $67.45 per share, for a total transaction of $168,625.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in Insulet during the third quarter worth $1,414,000. California Public Employees Retirement System boosted its position in Insulet by 9.2% during the third quarter. California Public Employees Retirement System now owns 71,744 shares of the medical instruments supplier’s stock worth $3,952,000 after purchasing an additional 6,044 shares during the period. Janney Montgomery Scott LLC bought a new position in Insulet during the third quarter worth $3,229,000. Cubist Systematic Strategies LLC bought a new position in Insulet during the third quarter worth $406,000. Finally, Point72 Asset Management L.P. bought a new position in Insulet during the third quarter worth $33,373,000.

Shares of Insulet (NASDAQ PODD) traded up $0.75 during trading hours on Thursday, hitting $75.83. 965,800 shares of the company were exchanged, compared to its average volume of 780,943. The company has a current ratio of 4.88, a quick ratio of 4.42 and a debt-to-equity ratio of 4.65. Insulet has a twelve month low of $38.43 and a twelve month high of $78.65. The company has a market cap of $4,410.00, a P/E ratio of -151.66 and a beta of 1.58.

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Insulet Company Profile

Insulet Corporation is engaged in the development, manufacturing and sale of the OmniPod Insulin Management System (the OmniPod System), an insulin delivery system for people with insulin-dependent diabetes. The Omnipod System features a self-adhesive disposable tubeless Omnipod device, which is worn on the body for approximately three days at a time and its wireless companion, the handheld Personal Diabetes Manager (PDM).

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Earnings History and Estimates for Insulet (NASDAQ:PODD)

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