Intuitive Surgical, Inc. (NASDAQ:ISRG) posted its quarterly earnings results on Thursday. The medical equipment provider reported $5.95 EPS for the quarter, topping the consensus estimate of $5.79 by $0.16, Bloomberg Earnings reports. The business had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a net margin of 27.99% and a return on equity of 15.41%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $5.62 earnings per share.

Shares of Intuitive Surgical (ISRG) traded up 0.51% during mid-day trading on Thursday, hitting $971.73. 664,323 shares of the stock were exchanged. The company has a market capitalization of $35.80 billion, a PE ratio of 48.99 and a beta of 0.39. Intuitive Surgical has a 12-month low of $610.71 and a 12-month high of $974.66. The firm has a 50-day moving average price of $933.30 and a 200 day moving average price of $802.19.

TRADEMARK VIOLATION NOTICE: “Intuitive Surgical, Inc. (NASDAQ:ISRG) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/07/20/intuitive-surgical-inc-nasdaqisrg-posts-quarterly-earnings-results-beats-expectations-by-0-16-eps.html.

Several analysts recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of Intuitive Surgical in a report on Thursday, June 29th. They set a “neutral” rating and a $1,000.00 price target for the company. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $860.00 price target for the company in a report on Tuesday, April 18th. Canaccord Genuity restated a “hold” rating and set a $870.00 price target on shares of Intuitive Surgical in a report on Tuesday, July 11th. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Citigroup Inc. restated a “buy” rating and set a $917.00 price target (up from $820.00) on shares of Intuitive Surgical in a report on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $878.65.

In other news, CEO Gary S. Guthart sold 18,775 shares of the stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $810.33, for a total value of $15,213,945.75. Following the completion of the sale, the chief executive officer now owns 95,573 shares of the company’s stock, valued at approximately $77,445,669.09. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jamie Samath sold 48 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $850.00, for a total value of $40,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 55,306 shares of company stock valued at $46,588,332 over the last ninety days. Company insiders own 2.50% of the company’s stock.

About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

Earnings History for Intuitive Surgical (NASDAQ:ISRG)

Receive News & Ratings for Intuitive Surgical Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical Inc. and related companies with MarketBeat.com's FREE daily email newsletter.