NuVasive (NASDAQ:NUVA) updated its FY21 earnings guidance on Monday. The company provided earnings per share guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.30. The company issued revenue guidance of $1.19-1.21 billion, compared to the consensus revenue estimate of $1.20 billion.NuVasive also updated its FY 2021 guidance to $2.250-$2.350 EPS.
A number of equities research analysts have issued reports on the company. Canaccord Genuity reaffirmed a hold rating on shares of NuVasive in a research report on Tuesday, May 25th. Needham & Company LLC reaffirmed a buy rating on shares of NuVasive in a research report on Thursday, July 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, NuVasive has an average rating of Hold and an average price target of $67.54.
NASDAQ:NUVA opened at $60.49 on Wednesday. The stock’s 50 day moving average price is $61.46 and its 200 day moving average price is $65.26. The company has a market capitalization of $3.13 billion, a PE ratio of 3,026.01, a P/E/G ratio of 3.08 and a beta of 1.32. The company has a quick ratio of 2.30, a current ratio of 3.95 and a debt-to-equity ratio of 1.05. NuVasive has a 52-week low of $43.11 and a 52-week high of $72.61.
In related news, CEO James Christopher Barry sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 25th. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.89% of the company’s stock.
NuVasive Company Profile
NuVasive, Inc engages in the development, manufacture, sale, and provision of procedural solutions for spine surgery. It offers a comprehensive portfolio of procedurally integrated spine surgery solutions, including surgical access instruments, spinal implants, fixation systems, biologics, and enabling technologies, as well as systems and services for intraoperative neuromonitoring.
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