Edwards Lifesciences (NYSE:EW) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.05-$1.15 for the period, compared to the Thomson Reuters consensus estimate of $1.17. The company issued revenue guidance of $950-$1.0 billion, compared to the consensus revenue estimate of $968.21 million.Edwards Lifesciences also updated its FY18 guidance to $4.50-$4.70 EPS.
EW traded down $7.55 during trading on Wednesday, reaching $127.12. 1,232,953 shares of the stock were exchanged, compared to its average volume of 1,335,588. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.80. The company has a market cap of $28,813.15, a price-to-earnings ratio of 35.44, a PEG ratio of 2.01 and a beta of 0.58. Edwards Lifesciences has a 1 year low of $100.20 and a 1 year high of $143.22.
Edwards Lifesciences (NYSE:EW) last posted its earnings results on Tuesday, April 24th. The medical research company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.11. The company had revenue of $938.00 million for the quarter, compared to the consensus estimate of $936.69 million. Edwards Lifesciences had a return on equity of 27.78% and a net margin of 18.11%. Edwards Lifesciences’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. analysts predict that Edwards Lifesciences will post 4.52 EPS for the current fiscal year.
In related news, VP Huimin Wang sold 3,800 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $141.84, for a total transaction of $538,992.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael A. Mussallem sold 32,800 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $126.69, for a total value of $4,155,432.00. Following the transaction, the chief executive officer now owns 74,131 shares in the company, valued at $9,391,656.39. The disclosure for this sale can be found here. Insiders have sold 197,236 shares of company stock worth $26,488,281 over the last quarter. 1.84% of the stock is currently owned by company insiders.
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About Edwards Lifesciences
Edwards Lifesciences Corporation provides products and technologies to treat structural heart disease and critically ill patients in the United States and internationally. It offers transcatheter heart valve therapy products comprising transcatheter aortic heart valves and related delivery systems for the nonsurgical replacement of heart valves.
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