Edwards Lifesciences (EW) Issues FY19 Earnings Guidance
Edwards Lifesciences (NYSE:EW) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $5.05-5.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.19. The company issued revenue guidance of $3.9-4.3 billion, compared to the consensus revenue estimate of $4.16 billion.Edwards Lifesciences also updated its FY18 guidance to $4.60-4.75 EPS.
NYSE:EW traded up $1.72 on Thursday, hitting $159.07. The stock had a trading volume of 1,149,523 shares, compared to its average volume of 1,340,358. The stock has a market capitalization of $32.89 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.85 and a current ratio of 2.31. Edwards Lifesciences has a 52-week low of $110.68 and a 52-week high of $175.00.
Edwards Lifesciences (NYSE:EW) last announced its earnings results on Tuesday, October 23rd. The medical research company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. The business had revenue of $906.60 million for the quarter, compared to analysts’ expectations of $927.56 million. Edwards Lifesciences had a return on equity of 30.11% and a net margin of 20.67%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. As a group, equities analysts forecast that Edwards Lifesciences will post 4.7 earnings per share for the current fiscal year.
In other news, VP Huimin Wang sold 33,800 shares of Edwards Lifesciences stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $150.43, for a total transaction of $5,084,534.00. Following the transaction, the vice president now directly owns 81,665 shares of the company’s stock, valued at approximately $12,284,865.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Donald E. Bobo, Jr. sold 5,500 shares of Edwards Lifesciences stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $144.16, for a total value of $792,880.00. Following the transaction, the vice president now directly owns 25,490 shares in the company, valued at $3,674,638.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,356 shares of company stock worth $27,011,207. Insiders own 1.84% of the company’s stock.
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About Edwards Lifesciences
Edwards Lifesciences Corporation provides products and technologies to treat structural heart disease and critically ill patients in the United States and internationally. It offers transcatheter heart valve therapy products comprising transcatheter aortic heart valves and related delivery systems for the nonsurgical replacement of heart valves.
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