CONMED Corporation (CNMD) To Go Ex-Dividend on September 14th
CONMED Corporation (NASDAQ:CNMD) declared a quarterly dividend on Tuesday, August 29th, RTT News reports. Investors of record on Friday, September 15th will be given a dividend of 0.20 per share by the medical technology company on Thursday, October 5th. This represents a $0.80 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, September 14th.
CONMED Corporation (NASDAQ:CNMD) traded up 0.06% during trading on Friday, reaching $49.56. The company had a trading volume of 83,364 shares. The stock has a 50 day moving average of $49.55 and a 200-day moving average of $48.08. CONMED Corporation has a 12-month low of $37.60 and a 12-month high of $52.82. The stock has a market capitalization of $1.38 billion, a P/E ratio of 88.66 and a beta of 0.68.
CONMED Corporation (NASDAQ:CNMD) last issued its quarterly earnings data on Wednesday, July 26th. The medical technology company reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $197.20 million for the quarter, compared to analyst estimates of $194.50 million. CONMED Corporation had a net margin of 2.02% and a return on equity of 8.38%. CONMED Corporation’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. On average, analysts forecast that CONMED Corporation will post $1.87 earnings per share for the current fiscal year.
In other CONMED Corporation news, Director Jo Ann Golden sold 3,000 shares of CONMED Corporation stock in a transaction on Monday, August 14th. The shares were sold at an average price of $50.00, for a total value of $150,000.00. Following the transaction, the director now directly owns 19,782 shares of the company’s stock, valued at $989,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dirk Kuyper sold 1,000 shares of CONMED Corporation stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $52.24, for a total transaction of $52,240.00. Following the completion of the transaction, the director now directly owns 10,739 shares in the company, valued at $561,005.36. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.
Several equities analysts have issued reports on CNMD shares. BidaskClub lowered shares of CONMED Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, August 20th. Zacks Investment Research lowered shares of CONMED Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 price target on shares of CONMED Corporation in a report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of CONMED Corporation in a report on Friday, August 25th. Finally, TheStreet raised shares of CONMED Corporation from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $49.33.
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About CONMED Corporation
CONMED Corporation is a medical technology company. The Company is engaged in the development, manufacturing and sale on a global basis of surgical devices and related equipment. The Company provides surgical devices and equipment for minimally invasive procedures. The Company’s products are used by surgeons and physicians in a range of specialties, including orthopedics, general surgery, gynecology, neurosurgery and gastroenterology.
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