Analysts Expect STAAR Surgical Company (STAA) to Announce $0.03 Earnings Per Share

STAAR Surgical Company (NASDAQ:STAA) has earned a consensus broker rating score of 2.00 (Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. STAAR Surgical’s rating score has improved by 20% in the last three months as a result of various analysts’ ratings changes.

Brokers have set a 12-month consensus price objective of $17.67 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given STAAR Surgical an industry rank of 116 out of 265 based on the ratings given to related companies.

Several equities research analysts have weighed in on STAA shares. Benchmark Co. reiterated a “buy” rating and issued a $21.00 target price on shares of STAAR Surgical in a report on Monday, November 20th. Canaccord Genuity increased their target price on shares of STAAR Surgical from $17.50 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Zacks Investment Research lowered shares of STAAR Surgical from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub upgraded shares of STAAR Surgical from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, TheStreet upgraded shares of STAAR Surgical from a “d+” rating to a “c” rating in a report on Tuesday, August 15th.

In related news, VP Keith Holliday sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $16.65, for a total transaction of $99,900.00. Following the sale, the vice president now directly owns 45,969 shares in the company, valued at $765,383.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.60% of the company’s stock.

Several large investors have recently modified their holdings of STAA. Goldman Sachs Group Inc. acquired a new stake in STAAR Surgical in the 1st quarter valued at $111,000. Virtu KCG Holdings LLC acquired a new stake in STAAR Surgical in the 2nd quarter valued at $118,000. Stephens Inc. AR increased its stake in STAAR Surgical by 2.6% in the 2nd quarter. Stephens Inc. AR now owns 12,238 shares of the medical instruments supplier’s stock valued at $132,000 after buying an additional 315 shares during the last quarter. Prudential Financial Inc. acquired a new stake in STAAR Surgical in the 3rd quarter valued at $138,000. Finally, Citadel Advisors LLC acquired a new stake in STAAR Surgical in the 3rd quarter valued at $172,000. Institutional investors and hedge funds own 77.47% of the company’s stock.

STAAR Surgical (NASDAQ:STAA) traded up $0.40 on Monday, hitting $16.65. 184,811 shares of the stock traded hands, compared to its average volume of 90,848. STAAR Surgical has a twelve month low of $8.95 and a twelve month high of $16.75. The company has a current ratio of 2.24, a quick ratio of 1.72 and a debt-to-equity ratio of 0.02.

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About STAAR Surgical

STAAR Surgical Company designs, develops, manufactures and sells implantable lenses for the eye and delivery systems used to deliver the lenses into the eye. It operates in the ophthalmic surgical market segment. Its principal products are intraocular lenses used in cataract surgery and implantable collamer lenses used in refractive surgery.

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