Analysts Anticipate Intuitive Surgical, Inc. (ISRG) Will Post Quarterly Sales of $845.66 Million
Wall Street brokerages expect that Intuitive Surgical, Inc. (NASDAQ:ISRG) will report $845.66 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Intuitive Surgical’s earnings. The highest sales estimate is $852.43 million and the lowest is $830.00 million. Intuitive Surgical posted sales of $756.90 million during the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The company is expected to report its next earnings results on Tuesday, January 23rd.
According to Zacks, analysts expect that Intuitive Surgical will report full-year sales of $845.66 million for the current fiscal year, with estimates ranging from $3.07 billion to $3.10 billion. For the next year, analysts anticipate that the company will report sales of $3.43 billion per share, with estimates ranging from $3.25 billion to $3.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Intuitive Surgical.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, topping the consensus estimate of $1.99 by $0.78. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The business had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. During the same period last year, the business posted $2.06 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis.
Several research firms have recently commented on ISRG. Vetr upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.37 price target for the company in a research report on Thursday, August 17th. Wedbush reiterated a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 target price for the company in a report on Tuesday, November 14th. Royal Bank of Canada reiterated a “hold” rating and issued a $333.33 target price on shares of Intuitive Surgical in a report on Friday, September 1st. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Intuitive Surgical in a report on Tuesday, October 17th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $155.78.
In other news, Director Alan J. Levy sold 2,997 shares of Intuitive Surgical stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $371.35, for a total transaction of $1,112,935.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark J. Rubash sold 6,000 shares of Intuitive Surgical stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $395.95, for a total value of $2,375,700.00. Following the sale, the director now owns 5,453 shares in the company, valued at approximately $2,159,115.35. The disclosure for this sale can be found here. Insiders have sold a total of 55,944 shares of company stock valued at $21,432,971 over the last ninety days. 2.20% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Wilbanks Smith & Thomas Asset Management LLC increased its position in Intuitive Surgical by 0.5% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 370 shares of the medical equipment provider’s stock valued at $346,000 after acquiring an additional 2 shares during the period. Chilton Investment Co. LLC boosted its holdings in Intuitive Surgical by 0.4% in the 2nd quarter. Chilton Investment Co. LLC now owns 502 shares of the medical equipment provider’s stock valued at $470,000 after purchasing an additional 2 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Intuitive Surgical by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 647 shares of the medical equipment provider’s stock valued at $605,000 after purchasing an additional 2 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in Intuitive Surgical by 1.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 284 shares of the medical equipment provider’s stock valued at $266,000 after purchasing an additional 4 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its holdings in Intuitive Surgical by 1.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock valued at $338,000 after purchasing an additional 5 shares in the last quarter. Institutional investors and hedge funds own 32.80% of the company’s stock.
Intuitive Surgical (ISRG) opened at $373.55 on Tuesday. Intuitive Surgical has a 52-week low of $207.94 and a 52-week high of $405.05. The company has a market capitalization of $42,534.46, a price-to-earnings ratio of 50.24, a PEG ratio of 5.27 and a beta of 0.48.
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About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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