Brokerages expect K2M Group Holdings, Inc. (NASDAQ:KTWO) to post sales of $65.57 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for K2M Group Holdings’ earnings. The highest sales estimate is $66.00 million and the lowest is $65.30 million. K2M Group Holdings posted sales of $61.79 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The business is scheduled to issue its next quarterly earnings report on Monday, March 5th.

According to Zacks, analysts expect that K2M Group Holdings will report full-year sales of $65.57 million for the current financial year, with estimates ranging from $255.60 million to $265.50 million. For the next financial year, analysts expect that the company will report sales of $284.00 million per share, with estimates ranging from $281.60 million to $286.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for K2M Group Holdings.

K2M Group Holdings (NASDAQ:KTWO) last announced its quarterly earnings results on Wednesday, November 1st. The medical device company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.01). The company had revenue of $62.65 million for the quarter, compared to analyst estimates of $62.69 million. K2M Group Holdings had a negative return on equity of 16.02% and a negative net margin of 16.22%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) earnings per share.

KTWO has been the subject of a number of recent research reports. Cowen and Company restated a “buy” rating and issued a $26.00 price objective on shares of K2M Group Holdings in a report on Wednesday, July 19th. BidaskClub upgraded K2M Group Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and issued a $26.00 price objective on shares of K2M Group Holdings in a report on Thursday, July 20th. Oppenheimer Holdings, Inc. set a $29.00 price objective on K2M Group Holdings and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating on shares of K2M Group Holdings in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $25.00.

In other news, insider John Philip Md Kostuik sold 1,332 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $23.30, for a total transaction of $31,035.60. Following the transaction, the insider now owns 200,629 shares of the company’s stock, valued at approximately $4,674,655.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.80% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its stake in K2M Group Holdings by 9.1% in the 1st quarter. Legal & General Group Plc now owns 6,763 shares of the medical device company’s stock valued at $138,000 after buying an additional 564 shares during the last quarter. Macquarie Group Ltd. increased its stake in K2M Group Holdings by 0.3% in the 2nd quarter. Macquarie Group Ltd. now owns 200,656 shares of the medical device company’s stock valued at $4,888,000 after buying an additional 581 shares during the last quarter. Wells Fargo & Company MN increased its stake in K2M Group Holdings by 0.9% in the 2nd quarter. Wells Fargo & Company MN now owns 63,322 shares of the medical device company’s stock valued at $1,542,000 after buying an additional 590 shares during the last quarter. American International Group Inc. increased its stake in K2M Group Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 15,847 shares of the medical device company’s stock valued at $325,000 after buying an additional 1,047 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in K2M Group Holdings by 3.0% in the 1st quarter. Teachers Advisors LLC now owns 43,823 shares of the medical device company’s stock valued at $899,000 after buying an additional 1,286 shares during the last quarter. 99.92% of the stock is currently owned by institutional investors and hedge funds.

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Shares of K2M Group Holdings (NASDAQ KTWO) opened at $18.59 on Tuesday. K2M Group Holdings has a 1-year low of $17.23 and a 1-year high of $25.99. The company has a quick ratio of 1.67, a current ratio of 3.06 and a debt-to-equity ratio of 0.29.

About K2M Group Holdings

K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine and minimally invasive technologies and techniques. The Company’s solutions are focused on achieving three-dimensional Total Body Balance. Its spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.

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Earnings History and Estimates for K2M Group Holdings (NASDAQ:KTWO)

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