Orthofix International N.V. (OFIX) to Post FY2018 Earnings of $1.70 Per Share, Gabelli Forecasts
Orthofix International N.V. (NASDAQ:OFIX) – Stock analysts at Gabelli raised their FY2018 EPS estimates for Orthofix International N.V. in a research note issued on Wednesday. Gabelli analyst J. Tsai now forecasts that the medical device company will earn $1.70 per share for the year, up from their prior forecast of $1.65. Gabelli also issued estimates for Orthofix International N.V.’s FY2020 earnings at $2.05 EPS and FY2021 earnings at $2.20 EPS.
Other equities analysts have also recently issued research reports about the stock. TheStreet raised shares of Orthofix International N.V. from a “c+” rating to a “b-” rating in a research report on Tuesday. BTIG Research initiated coverage on shares of Orthofix International N.V. in a research report on Wednesday, June 21st. They set a “buy” rating and a $52.00 price objective on the stock. Langenberg & Company reissued a “buy” rating and set a $53.25 price objective on shares of Orthofix International N.V. in a research report on Wednesday, June 14th. Ladenburg Thalmann Financial Services initiated coverage on shares of Orthofix International N.V. in a research report on Wednesday, June 14th. They set a “buy” rating and a $53.25 price objective on the stock. Finally, SunTrust Banks, Inc. initiated coverage on shares of Orthofix International N.V. in a research report on Tuesday, May 23rd. They set a “buy” rating and a $49.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Orthofix International N.V. presently has an average rating of “Buy” and an average target price of $52.75.
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Shares of Orthofix International N.V. (OFIX) traded down 0.95% during mid-day trading on Thursday, reaching $46.90. The company had a trading volume of 47,627 shares. The firm’s 50-day moving average is $45.59 and its 200 day moving average is $40.76. Orthofix International N.V. has a 12 month low of $32.51 and a 12 month high of $49.60. The company has a market capitalization of $852.17 million, a price-to-earnings ratio of 109.84 and a beta of 0.25.
Orthofix International N.V. (NASDAQ:OFIX) last announced its earnings results on Monday, August 7th. The medical device company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. Orthofix International N.V. had a return on equity of 9.96% and a net margin of 1.88%. The firm had revenue of $108.90 million during the quarter, compared to the consensus estimate of $102.94 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year.
Large investors have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in Orthofix International N.V. during the first quarter worth $20,021,000. Vanguard Group Inc. raised its stake in Orthofix International N.V. by 18.6% in the first quarter. Vanguard Group Inc. now owns 1,815,948 shares of the medical device company’s stock worth $69,278,000 after buying an additional 284,482 shares in the last quarter. Teachers Advisors LLC raised its stake in Orthofix International N.V. by 676.2% in the first quarter. Teachers Advisors LLC now owns 276,340 shares of the medical device company’s stock worth $10,542,000 after buying an additional 240,740 shares in the last quarter. Norges Bank acquired a new stake in Orthofix International N.V. during the fourth quarter worth $5,664,000. Finally, Paradice Investment Management LLC acquired a new stake in Orthofix International N.V. during the second quarter worth $6,642,000. Institutional investors own 99.68% of the company’s stock.
About Orthofix International N.V.
Orthofix International N.V. (Orthofix) is a global medical device company. The Company is focused on providing reconstructive and regenerative orthopedic and spine solutions to physicians. The company operates in four segments: BioStim, Biologics, Extremity Fixation and Spine Fixation. Its BioStim solutions products include Cervical-Stim, Spinal-Stim and Physio-Stim.
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