K2M Group (KTWO) Issues FY17 Earnings Guidance
K2M Group (NASDAQ:KTWO) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of -0.86 to -0.81 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.85). The company issued revenue guidance of $257.5-258.1 million, compared to the consensus revenue estimate of $255.93 million.
K2M Group (NASDAQ:KTWO) opened at $20.20 on Wednesday. K2M Group has a 12 month low of $16.44 and a 12 month high of $25.99. The firm has a market capitalization of $875.24, a P/E ratio of -21.04 and a beta of 1.34. The company has a quick ratio of 1.67, a current ratio of 3.06 and a debt-to-equity ratio of 0.29.
K2M Group (NASDAQ:KTWO) last announced its earnings results on Wednesday, November 1st. The medical device company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). K2M Group had a negative return on equity of 16.02% and a negative net margin of 16.22%. The business had revenue of $62.65 million during the quarter, compared to analysts’ expectations of $62.69 million. During the same quarter in the previous year, the firm earned ($0.19) EPS. K2M Group’s quarterly revenue was up 5.6% on a year-over-year basis. research analysts forecast that K2M Group will post -0.85 earnings per share for the current fiscal year.
KTWO has been the topic of a number of research analyst reports. Piper Jaffray Companies restated an overweight rating and issued a $28.00 target price on shares of K2M Group in a research note on Tuesday, October 10th. Oppenheimer set a $24.00 price target on shares of K2M Group and gave the stock a buy rating in a report on Wednesday, October 18th. Royal Bank of Canada reaffirmed a buy rating and issued a $26.00 price target on shares of K2M Group in a report on Friday, September 22nd. Zacks Investment Research raised shares of K2M Group from a hold rating to a buy rating and set a $25.00 price target on the stock in a report on Wednesday, October 4th. Finally, Wells Fargo & Co lowered their price target on shares of K2M Group from $28.00 to $23.00 and set an outperform rating on the stock in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. K2M Group has a consensus rating of Buy and a consensus target price of $24.50.
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About K2M Group
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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