LivaNova PLC (LIVN) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS
LivaNova PLC (NASDAQ:LIVN) posted its earnings results on Wednesday. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19, Bloomberg Earnings reports. LivaNova PLC had a return on equity of 9.08% and a net margin of 2.26%. The business had revenue of $321.40 million during the quarter, compared to the consensus estimate of $315.75 million. LivaNova PLC’s revenue was up .1% compared to the same quarter last year. LivaNova PLC updated its FY17 guidance to $3.10-3.30 EPS.
LivaNova PLC (LIVN) traded down 0.66% during mid-day trading on Friday, hitting $61.78. The stock had a trading volume of 347,553 shares. The company has a 50-day moving average of $61.63 and a 200-day moving average of $54.97. The firm has a market cap of $3.02 billion, a PE ratio of 110.32 and a beta of 0.62. LivaNova PLC has a 12-month low of $40.83 and a 12-month high of $64.95.
Separately, BidaskClub downgraded LivaNova PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.
In other LivaNova PLC news, Director Alfred J. Novak sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $58.49, for a total value of $58,490.00. Following the transaction, the director now owns 12,020 shares of the company’s stock, valued at $703,049.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,000 shares of company stock worth $180,840 in the last three months. 0.28% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Mason Street Advisors LLC boosted its position in shares of LivaNova PLC by 0.3% in the first quarter. Mason Street Advisors LLC now owns 20,484 shares of the company’s stock worth $1,004,000 after buying an additional 64 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of LivaNova PLC by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $534,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of LivaNova PLC by 9.8% in the second quarter. PNC Financial Services Group Inc. now owns 1,707 shares of the company’s stock worth $105,000 after buying an additional 153 shares in the last quarter. Advantus Capital Management Inc boosted its position in shares of LivaNova PLC by 3.3% in the first quarter. Advantus Capital Management Inc now owns 5,551 shares of the company’s stock worth $272,000 after buying an additional 176 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of LivaNova PLC by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,360 shares of the company’s stock worth $753,000 after buying an additional 200 shares in the last quarter. 73.41% of the stock is currently owned by hedge funds and other institutional investors.
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LivaNova PLC Company Profile
LivaNova PLC is a medical device company focused on the development and delivery of therapeutic solutions. The Company’s segments include Cardiac Surgery, Cardiac Rhythm Management, Neuromodulation and Other. The Cardiac Surgery segment is engaged in the development, production and sale of cardiovascular surgery products.
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