Masimo Corporation (NASDAQ:MASI) – Equities researchers at Wedbush issued their Q1 2017 earnings per share (EPS) estimates for shares of Masimo Corporation in a note issued to investors on Wednesday. Wedbush analyst Levy. T expects that the firm will earn $0.59 per share for the quarter. Wedbush currently has a “Outperform” rating and a $85.00 target price on the stock. Wedbush also issued estimates for Masimo Corporation’s Q2 2017 earnings at $0.54 EPS, Q3 2017 earnings at $0.53 EPS, Q4 2017 earnings at $0.64 EPS, FY2017 earnings at $2.30 EPS and FY2018 earnings at $2.58 EPS.

Masimo Corporation (NASDAQ:MASI) last issued its quarterly earnings data on Tuesday, February 14th. The company reported $3.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $3.45. Masimo Corporation had a net margin of 16.31% and a return on equity of 29.42%. The business earned $183.20 million during the quarter, compared to analyst estimates of $180.48 million. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis.

“Analysts Offer Predictions for Masimo Corporation’s Q1 2017 Earnings (MASI)” was published by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this story can be accessed at http://www.dailypolitical.com/2017/02/17/analysts-offer-predictions-for-masimo-corporations-q1-2017-earnings-masi.html.

Earnings History and Estimates for Masimo Corporation (NASDAQ:MASI)

Several other equities research analysts have also recently issued reports on MASI. Zacks Investment Research cut shares of Masimo Corporation from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. Citigroup Inc. cut shares of Masimo Corporation to a “market perform” rating and set a $60.00 price objective on the stock. in a research report on Monday. Finally, Raymond James Financial, Inc. cut shares of Masimo Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $63.17.

Masimo Corporation (NASDAQ:MASI) opened at 81.745 on Thursday. Masimo Corporation has a one year low of $33.03 and a one year high of $81.77. The firm has a 50-day moving average of $72.63 and a 200 day moving average of $63.09. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 14.468 and a beta of 0.98.

In related news, CEO Joe E. Kiani sold 30,462 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $62.04, for a total value of $1,889,862.48. Following the completion of the transaction, the chief executive officer now directly owns 119,241 shares of the company’s stock, valued at $7,397,711.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joe E. Kiani sold 104,870 shares of the firm’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $62.27, for a total transaction of $6,530,254.90. Following the completion of the transaction, the chief executive officer now directly owns 119,241 shares of the company’s stock, valued at $7,425,137.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 448,243 shares of company stock worth $28,916,492. Company insiders own 16.60% of the company’s stock.

“Analysts Offer Predictions for Masimo Corporation’s Q1 2017 Earnings (MASI)” was published by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this story can be accessed at http://www.dailypolitical.com/2017/02/17/analysts-offer-predictions-for-masimo-corporations-q1-2017-earnings-masi.html.

Several hedge funds and other institutional investors have recently bought and sold shares of MASI. Amalgamated Bank acquired a new position in Masimo Corporation during the second quarter worth $276,000. Legal & General Group Plc raised its position in Masimo Corporation by 14.5% in the second quarter. Legal & General Group Plc now owns 10,573 shares of the company’s stock worth $550,000 after buying an additional 1,335 shares during the period. Numeric Investors LLC acquired a new position in Masimo Corporation during the second quarter worth $12,366,000. Cantab Capital Partners LLP raised its position in Masimo Corporation by 60.8% in the second quarter. Cantab Capital Partners LLP now owns 18,153 shares of the company’s stock worth $953,000 after buying an additional 6,863 shares during the period. Finally, Invictus RG raised its position in Masimo Corporation by 28.7% in the second quarter. Invictus RG now owns 10,632 shares of the company’s stock worth $558,000 after buying an additional 2,373 shares during the period. 82.14% of the stock is owned by hedge funds and other institutional investors.

Masimo Corporation Company Profile

Masimo Corporation is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products. The Company’s business is measure-through-motion and low-perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include monitoring blood constituents with an optical signature, optical organ oximetry monitoring, electrical brain function monitoring, acoustic respiration monitoring and exhaled gas monitoring.

5 Day Chart for NASDAQ:MASI

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