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Merit Medical Systems (MMSI)
NASDAQ:MMSI
RESEARCH TOOLSreports
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MMSI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$63.13 - $101.60
Previous Close$96.48
Volume198.15K
Average Volume (3M)429.84K
Market Cap
$5.62B
Enterprise Value$5.85B
Total Cash (Recent Filing)$636.66M
Total Debt (Recent Filing)$871.10M
Price to Earnings (P/E)48.1
Beta0.53
Next Earnings
Oct 30, 2024EPS Estimate
$0.8Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.01
Shares Outstanding58,208,536
10 Day Avg. Volume357,152
30 Day Avg. Volume429,842
Standard Deviation0.10
R-Squared0.19
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)4.38
Price to Sales (P/S)4.32
Price to Cash Flow (P/CF)20.50
P/FCF Ratio24.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.50
Enterprise Value/Gross Profit10.02
Enterprise Value/Ebitda28.28
Forecast
1Y Price Target
$108.57Price Target Upside12.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Merit Medical Systems News
PremiumCompany Announcements
Merit Medical Systems Expands with Cook Medical Acquisition
Bulls Say, Bears Say
Bulls Say
AcquisitionsMerit Medical announced an agreement to purchase the Lead Management Portfolio from Cook Medical for $210M, marking another acquisition to bolster its growth.
Financial PerformanceMaintaining an OUTPERFORM investment rating on MMSI shares and increasing the price target to $114 from $100 given the strong WAVE trial data.
Market PotentialThe devices included in the deal can be used in lead management procedures for patients who require pacemakers or ICD leads removed or replaced, which MMSI estimates is a $900M annual TAM worldwide.
Bears Say
EarningsThe deal is expected to be dilutive to 2024 EPS and dilutive in year 1.
Financial PerformanceIn FY24, the deal is expected to be dilutive to adjusted EPS due to the partial year P&L contribution, affecting adjusted operating margin, net income, and EPS.
Product AdoptionSlow adoption of covered stents is attributed to reimbursement issues, high cost relative to angioplasty, and insufficient education and awareness amongst physicians.
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Ownership Overview
2.41% Insiders
38.23% Mutual Funds
0.07% Other Institutional Investors
34.11% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MMSI FAQ
What was Merit Medical Systems’s price range in the past 12 months?
Merit Medical Systems lowest stock price was $63.13 and its highest was $101.60 in the past 12 months.
What is Merit Medical Systems’s market cap?
Currently, no data Available
When is Merit Medical Systems’s upcoming earnings report date?
Merit Medical Systems’s upcoming earnings report date is Oct 30, 2024 which is in 8 days.
How were Merit Medical Systems’s earnings last quarter?
Merit Medical Systems released its earnings results on Aug 01, 2024. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.874 by $0.046.
Is Merit Medical Systems overvalued?
According to Wall Street analysts Merit Medical Systems’s price is currently Undervalued.
Does Merit Medical Systems pay dividends?
Merit Medical Systems does not currently pay dividends.
What is Merit Medical Systems’s EPS estimate?
Merit Medical Systems’s EPS estimate is $0.8.
How many shares outstanding does Merit Medical Systems have?
Merit Medical Systems has 58,208,534 shares outstanding.
What happened to Merit Medical Systems’s price movement after its last earnings report?
Merit Medical Systems reported an EPS of $0.92 in its last earnings report, beating expectations of $0.874. Following the earnings report the stock price went up 5.492%.
Which hedge fund is a major shareholder of Merit Medical Systems?
Among the largest hedge funds holding Merit Medical Systems’s share is Fisher Asset Management LLC. It holds Merit Medical Systems’s shares valued at 18M.
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Merit Medical Systems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$108.57 (12.53% Upside)
$108.57 (12.53% Upside)
Blogger Sentiment
Bullish
MMSI Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 12.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 16.3%
Last 30 Days ▲ 4.8%
Last 30 Days ▲ 4.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.18%
12-Months-Change
Fundamentals
Return on Equity
9.45%
Trailing 12-Months
Asset Growth
29.07%
Trailing 12-Months
Company Description
Merit Medical Systems
Merit Medical Systems, Inc. engages in the manufacture and market of proprietary disposable medical devices. It operates through Cardiovascular and Endoscopy segments. The Cardiovascular segment consists of peripheral intervention, cardiac intervention, interventional oncology and spine, and cardiovascular and critical care product groups. The Endoscopy segment integrates advanced non-vascular stent technology with balloon dilators, inflation devices, guide wires, procedure kits, and other devices that are used by gastroenterologists, endoscopists, pulmonologists, and thoracic and general surgeons. The company was founded by Fred P. Lampropoulos, Darla Gill, Kent W. Stanger and William Padilla in July 1987 and is headquartered in South Jordan, UT.
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MMSI Company Deck
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MMSI Earnings Call
Q2 2024
0:00 / 0:00
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MMSI Stock 12 Month Forecast
Average Price Target
$108.57
▲(12.53% Upside)
Technical Analysis
Best Analysts Covering MMSI
1 Year
1 Year Success Rate
15/18 ratings generated profit
1 Year Average Return
+16.44%
assigned a buy rating last month
Copying Jason Bednar's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +16.44% per trade.
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