Wall Street analysts forecast that Intuitive Surgical, Inc. (NASDAQ:ISRG) will announce $1.99 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Intuitive Surgical’s earnings. The highest EPS estimate is $2.18 and the lowest is $1.64. Intuitive Surgical reported earnings of $1.70 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.1%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, April 17th.

On average, analysts expect that Intuitive Surgical will report full year earnings of $9.61 per share for the current fiscal year, with EPS estimates ranging from $9.37 to $10.00. For the next fiscal year, analysts anticipate that the company will report earnings of $10.82 per share, with EPS estimates ranging from $9.53 to $11.98. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Intuitive Surgical.

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Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The business had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. During the same period in the prior year, the business posted $2.03 earnings per share. The company’s revenue was up 17.9% on a year-over-year basis.

A number of analysts have recently weighed in on ISRG shares. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 target price for the company in a report on Tuesday, December 12th. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Evercore ISI started coverage on shares of Intuitive Surgical in a report on Wednesday, January 3rd. They set an “in-line” rating and a $380.00 target price for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $410.00 target price on shares of Intuitive Surgical in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $415.21.

In related news, Director Mark J. Rubash sold 1,000 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $420.01, for a total value of $420,010.00. Following the completion of the transaction, the director now directly owns 4,453 shares of the company’s stock, valued at $1,870,304.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Salvatore Brogna sold 7,934 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $421.37, for a total transaction of $3,343,149.58. Following the completion of the transaction, the chief operating officer now directly owns 6,159 shares of the company’s stock, valued at $2,595,217.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,770 shares of company stock valued at $43,410,836. 2.20% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC raised its stake in Intuitive Surgical by 14.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 889 shares of the medical equipment provider’s stock worth $352,000 after buying an additional 115 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Intuitive Surgical by 12.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,176 shares of the medical equipment provider’s stock valued at $1,230,000 after purchasing an additional 132 shares in the last quarter. Boston Private Wealth LLC increased its stake in shares of Intuitive Surgical by 6.4% during the third quarter. Boston Private Wealth LLC now owns 2,276 shares of the medical equipment provider’s stock valued at $2,380,000 after purchasing an additional 136 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Intuitive Surgical by 44.1% during the third quarter. Janney Montgomery Scott LLC now owns 461 shares of the medical equipment provider’s stock valued at $482,000 after purchasing an additional 141 shares in the last quarter. Finally, Northeast Investment Management increased its stake in shares of Intuitive Surgical by 7.9% during the third quarter. Northeast Investment Management now owns 2,291 shares of the medical equipment provider’s stock valued at $2,396,000 after purchasing an additional 167 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Intuitive Surgical stock traded down $6.83 during midday trading on Thursday, reaching $418.16. 377,131 shares of the company’s stock traded hands, compared to its average volume of 831,774. Intuitive Surgical has a twelve month low of $248.18 and a twelve month high of $452.00. The stock has a market capitalization of $48,638.18, a price-to-earnings ratio of 73.92, a price-to-earnings-growth ratio of 5.12 and a beta of 0.51.

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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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