Masimo Corp (MASI) Releases Quarterly Earnings Results
Masimo Corp (NASDAQ: MASI) issued its quarterly earnings data on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28, Analyst Ratings Network reports. The company had revenue of $135.90 million for the quarter, compared to the consensus estimate of $134.46 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis.
MASI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Masimo Corp from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, April 18th. They now have a $20.00 price target on the stock. On the ratings front, analysts at Janney Montgomery Scott initiated coverage on shares of Masimo Corp in a research note to investors on Tuesday, April 9th. They set a “buy” rating on the stock.
Masimo Corp (NASDAQ: MASI) traded up 1.01% on Thursday, hitting $20.06. Masimo Corp has a 52-week low of $18.20 and a 52-week high of $25.35. The stock’s 50-day moving average is currently $19.90. The company has a market cap of $1.151 billion and a price-to-earnings ratio of 18.56.
Masimo Corporation is a medical technology company that develops, manufactures, and markets non-invasive patient monitoring products that improve patient care.
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