$2.25 EPS Expected for Intuitive Surgical, Inc. (ISRG) This Quarter

Analysts expect Intuitive Surgical, Inc. (NASDAQ:ISRG) to post earnings of $2.25 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Intuitive Surgical’s earnings, with estimates ranging from $2.18 to $2.29. Intuitive Surgical posted earnings per share of $2.03 during the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that Intuitive Surgical will report full-year earnings of $8.72 per share for the current fiscal year, with EPS estimates ranging from $8.70 to $8.75. For the next fiscal year, analysts forecast that the business will post earnings of $9.20 per share, with EPS estimates ranging from $8.88 to $9.51. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Intuitive Surgical.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.99 by $0.78. The firm had revenue of $806.10 million during the quarter, compared to the consensus estimate of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 earnings per share.

ISRG has been the topic of several research analyst reports. Zacks Investment Research cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Barclays reiterated an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Intuitive Surgical in a research report on Tuesday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Intuitive Surgical has a consensus rating of “Buy” and a consensus price target of $335.32.

Intuitive Surgical (NASDAQ ISRG) opened at $368.09 on Thursday. The company has a market cap of $40,691.28, a PE ratio of 47.56, a PEG ratio of 5.04 and a beta of 0.48. Intuitive Surgical has a one year low of $208.24 and a one year high of $405.05.

In other Intuitive Surgical news, SVP Curet Myriam sold 262 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $373.00, for a total value of $97,726.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jamie Samath sold 1,564 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $371.19, for a total transaction of $580,541.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,944 shares of company stock worth $21,432,971. Corporate insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Edgewood Management LLC lifted its position in Intuitive Surgical by 200.7% during the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after purchasing an additional 1,934,382 shares during the period. Koch Industries Inc. lifted its position in Intuitive Surgical by 202,917.0% during the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after purchasing an additional 1,387,952 shares during the period. FMR LLC lifted its position in Intuitive Surgical by 19.6% during the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after purchasing an additional 447,397 shares during the period. Janus Henderson Group PLC lifted its position in Intuitive Surgical by 7,931.4% during the second quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock valued at $385,532,000 after purchasing an additional 407,038 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Intuitive Surgical by 57.5% during the second quarter. Renaissance Technologies LLC now owns 307,100 shares of the medical equipment provider’s stock valued at $287,252,000 after purchasing an additional 112,130 shares during the period. Institutional investors and hedge funds own 32.80% of the company’s stock.

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Intuitive Surgical Company Profile

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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