William Blair Weighs in on Wright Medical Group Inc’s Q1 2018 Earnings (WMGI)
Wright Medical Group Inc (NASDAQ:WMGI) – Research analysts at William Blair issued their Q1 2018 earnings estimates for shares of Wright Medical Group in a note issued to investors on Wednesday. William Blair analyst K. Krum anticipates that the medical device company will post earnings of $0.05 per share for the quarter. William Blair also issued estimates for Wright Medical Group’s Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.01) EPS and FY2018 earnings at ($0.16) EPS.
Several other brokerages also recently weighed in on WMGI. BMO Capital Markets decreased their target price on shares of Wright Medical Group from $28.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday. BidaskClub downgraded shares of Wright Medical Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 21st. Oppenheimer set a $25.00 target price on shares of Wright Medical Group and gave the company a “hold” rating in a research note on Wednesday. TheStreet downgraded shares of Wright Medical Group from a “c-” rating to a “d+” rating in a research note on Wednesday, December 27th. Finally, ValuEngine downgraded shares of Wright Medical Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Wright Medical Group presently has a consensus rating of “Hold” and an average target price of $30.11.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Fox Run Management L.L.C. bought a new position in Wright Medical Group during the 3rd quarter valued at $370,000. Landscape Capital Management L.L.C. bought a new position in Wright Medical Group during the 4th quarter valued at $376,000. Stevens Capital Management LP boosted its stake in Wright Medical Group by 25.5% during the 3rd quarter. Stevens Capital Management LP now owns 15,298 shares of the medical device company’s stock valued at $396,000 after acquiring an additional 3,112 shares during the last quarter. Deltec Asset Management LLC bought a new position in Wright Medical Group during the 3rd quarter valued at $402,000. Finally, Invictus RG bought a new position in Wright Medical Group during the 4th quarter valued at $411,000.
TRADEMARK VIOLATION NOTICE: “William Blair Weighs in on Wright Medical Group Inc’s Q1 2018 Earnings (WMGI)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.watchlistnews.com/william-blair-weighs-in-on-wright-medical-group-incs-q1-2018-earnings-wmgi/1905722.html.
Wright Medical Group Company Profile
Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.
Receive News & Ratings for Wright Medical Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wright Medical Group and related companies with MarketBeat.com's FREE daily email newsletter.