Intuitive Surgical (ISRG) Posts Earnings Results, Misses Estimates By $0.09 EPS
Intuitive Surgical (NASDAQ:ISRG) released its quarterly earnings data on Thursday. The medical equipment provider reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09), Bloomberg Earnings reports. Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. The business had revenue of $974.00 million during the quarter, compared to the consensus estimate of $975.27 million. During the same period last year, the company earned $2.44 EPS. The business’s revenue was up 14.9% on a year-over-year basis.
Shares of NASDAQ:ISRG traded up $3.06 during trading on Thursday, hitting $528.06. The company had a trading volume of 2,056,327 shares, compared to its average volume of 711,167. The firm has a market capitalization of $61.84 billion, a price-to-earnings ratio of 55.64, a PEG ratio of 4.53 and a beta of 1.10. Intuitive Surgical has a one year low of $429.04 and a one year high of $589.32.
In other news, CEO Gary S. Guthart sold 28,152 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $520.47, for a total value of $14,652,271.44. Following the completion of the sale, the chief executive officer now directly owns 379,452 shares of the company’s stock, valued at approximately $197,493,382.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Curet Myriam sold 1,410 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $546.56, for a total value of $770,649.60. Following the completion of the sale, the executive vice president now directly owns 2,417 shares of the company’s stock, valued at $1,321,035.52. The disclosure for this sale can be found here. Insiders sold a total of 42,284 shares of company stock valued at $22,205,382 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.
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About Intuitive Surgical
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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