Over the last four quarters, the company has surpassed consensus EPS estimates three times. Medtronic (MDT) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2020. In June, Medtronic announced the receipt of CE Mark for its next generation closed loop insulin pump system, MiniMed 780G AHCL, for the treatment of type 1 diabetes in the age range of seven to 80 years. The Medtronic plc stock fell by -0.33% in the last day (Friday, 2nd Oct 2020) from $102.30 to $101.96. Medtronic plc (MDT - Free Report) , a Zacks Rank #3 (Hold) company, has been strengthening its diabetes arm over the past few months. For 32 years, our Strong Buy list has averaged returns more than twice the market. Notably, Adaptix is the first … Meanwhile, per a report by The New York Times, the U.S. treasury suggested in September that a stimulus package of approximately $1.5 trillion might be released. Pratt Collard Advisory Partners LLC now owns 23,928 shares of the medical technology company’s stock valued at $2,194,000 after buying an additional 107 shares in the last quarter. This includes personalizing content and advertising. This could be one of the biggest buying opportunities of this decade, especially for those who get in early. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Medtronic (NYSE:MDT) last issued its earnings results on Tuesday, August 25th. Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. Are Markets Underpricing Pandemic Impact? Right now, investors in these companies have a shot at serious profits. The company’s MiniMed 770G System received FDA … A wealth of resources for individual investors is available at www.zacks.com. However, there was not much to note about diabetes sector-specific relief packages at that time. Companies like Tandem Diabetes Care, Inc. (TNDM - Free Report) are making important strides to cater to both existing and new customers. They issued a “peer perform” rating and a $115.00 target price on the stock. © 2020, Nasdaq, Inc. All Rights Reserved. Abbott, in June, finalized the diabetes care deal (proposed in October 2019) with Tandem Diabetes, which enabled the companies to integrate Abbott's FreeStyle Libre CGM technology with Tandem Diabetes’ insulin delivery systems for enhanced diabetes management. Delayed quotes by Sungard. During the same period in the prior year, the firm posted $1.26 EPS. To learn more, click here. Citigroup boosted their target price on Medtronic from $108.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Eight analysts have provided estimates for Medtronic’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.76. Diabetes control is an essential way of preventing any untoward health emergency. Also, CFO Karen L. Parkhill sold 702 shares of the company’s stock in a transaction on Tuesday, September 15th. Insulet Corporation (PODD - Free Report) , a Zacks Rank #3 company, recently announced that it is commercially launching its Omnipod DASH Insulin Management System in additional countries. Finally, Morgan Stanley lifted their price objective on Medtronic from $106.00 to $111.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 26th. NVIDIA Corp. () Stock Market info Recommendations: Buy or sell NVIDIA stock? This compares to year-ago revenues of $7.49 billion. Further, financial aid was provided for ventilators, masks and other medical supplies along with Medicare health program for seniors. In August, Medtronic announced plans to acquire privately-held manufacturer of InPen, Companion Medical. Amid the ongoing market meltdowns where only a handful of sectors are outperforming others, the diabetes market seems to have held its ground. 60-Month Beta: Coefficient that measures the volatility of a stock's returns relative to the market (S&P 500). I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Medtronic last announced its quarterly earnings results on August 25th, 2020. It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. Real time prices by BATS. This month, the Zacks Rank #3 company announced the first-ever registry committed toward keeping a track on the outcomes of patients and healthcare professionals using CGM in hospitals to combat the COVID-19 pandemic. A quarter ago, it was expected that this medical device company would post earnings of $0.59 per share when it actually produced earnings of $0.58, delivering a surprise of -1.69%. This represents a $2.32 dividend on an annualized basis and a yield of 2.23%. Over the past year, the company’s share price has risen 152.2% compared with the industry’s 16.1% growth. Medtronic’s quarterly revenue was down 13.2% compared to the same quarter last year. Dexcom projects 37.8% earnings growth for the next five years. If you wish to go to ZacksTrade, click OK. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Medtronic. Visit performance for information about the performance numbers displayed above. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. 59,689 shares of the company were exchanged, compared to its average volume of 5,924,754. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Several institutional investors have recently made changes to their positions in MDT. In other news, EVP Hoedt Rob Ten sold 9,563 shares of the business’s stock in a transaction on Wednesday, September 9th. MarketBrief: How to Maneuver More Volatility, U.S. Markets Will Need Some Stimulus: PineBridge's Nicola, #TradeTalks: How Liquidity has Shifted in 2020 #STAVirtualConference, Why Warren Buffett's Protege Just Bought This Dirt-Cheap Brick-and-Mortar Retailer, Why Plug Power, Bloom Energy, and Piedmont Lithium Stocks All Popped Again Today, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. Over the past year, the company’s share price has risen 27.4% against the industry’s 4.5% fall. Do Not Sell My Personal Information (CA Residents Only). Also, limited access to anti-diabetic medications amid the pandemic might have been an added concern. These stocks might turn out to be profitable for investors over the upcoming months. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. This compares to earnings of $1.26 per share a year ago. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The monthly returns are then compounded to arrive at the annual return. In terms of the Zacks Industry Rank, Medical - Products is currently in the bottom 29% of the 250 plus Zacks industries. Notably, smart insulin pen system InPen is the only FDA-cleared system paired with an integrated diabetes management app currently available in the market. During the second quarter, the company received the CE Mark for use of the Dexcom G6 CGM system on the back of the upper arm. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Wolfe Research started coverage on shares of Medtronic in a report on Friday, September 11th. Cpwm LLC now owns 3,113 shares of the medical technology company’s stock valued at $285,000 after purchasing an additional 98 shares in the last quarter. This … The company’s MiniMed 770G System received FDA approval for use in young pediatric patients per the regulatory body’s Aug 31 announcement. What's Next for the Largest Tech Drivers of 2020? For the next year, analysts forecast that the company will post earnings of $5.36 per share, with EPS estimates ranging from $1.57 to $6.07. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Why Zacks? Shareholders of record on Friday, September 25th will be issued a dividend of $0.58 per share. According to Zacks, analysts expect that Medtronic will report full year earnings of $3.94 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $4.11. Cpwm LLC lifted its holdings in shares of Medtronic by 3.3% during the 2nd quarter. The medical technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.41. The firm is expected to issue its next quarterly earnings results on Tuesday, November 17th. Today, that discovery is still the heart of the Zacks Rank. To read this article on Zacks.com click here. 5 Must-Buy Blue Chip Stocks to Remain Safe in October. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, Medtronic PLC (MDT): Free Stock Analysis Report. 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