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Merit Medical Systems (MMSI)
NASDAQ:MMSI
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MMSI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$65.46 - $105.46
Previous Close$105.03
Volume277.36K
Average Volume (3M)413.33K
Market Cap
$6.12B
Enterprise Value$6.42B
Total Cash (Recent Filing)$523.13M
Total Debt (Recent Filing)$819.15M
Price to Earnings (P/E)51.4
Beta0.40
Next Earnings
Mar 04, 2025EPS Estimate
$0.82Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.04
Shares Outstanding58,279,409
10 Day Avg. Volume418,665
30 Day Avg. Volume413,334
Standard Deviation0.09
R-Squared0.24
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)4.58
Price to Sales (P/S)4.60
Price to Cash Flow (P/CF)32.20
P/FCF Ratio40.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.84
Enterprise Value/Gross Profit10.99
Enterprise Value/Ebitda30.22
Forecast
1Y Price Target
$110.43Price Target Upside4.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Merit Medical Systems News
PremiumCompany Announcements
Merit Medical Reports Strong Q3 2024 Earnings GrowthPremiumCompany Announcements
Merit Medical Systems Reports Strong Q3 2024 Growth
PremiumCompany Announcements
Merit Medical Systems Expands with Cook Medical AcquisitionBulls Say, Bears Say
Bulls Say
AcquisitionsMerit Medical announced an agreement to purchase the Lead Management Portfolio from Cook Medical for $210M, marking another acquisition to bolster its growth.
Financial PerformanceMaintaining an OUTPERFORM investment rating on MMSI shares and increasing the price target to $114 from $100 given the strong WAVE trial data.
Market PotentialThe devices included in the deal can be used in lead management procedures for patients who require pacemakers or ICD leads removed or replaced, which MMSI estimates is a $900M annual TAM worldwide.
Bears Say
EarningsThe deal is expected to be dilutive to 2024 EPS and dilutive in year 1.
Financial PerformanceIn FY24, the deal is expected to be dilutive to adjusted EPS due to the partial year P&L contribution, affecting adjusted operating margin, net income, and EPS.
Product AdoptionSlow adoption of covered stents is attributed to reimbursement issues, high cost relative to angioplasty, and insufficient education and awareness amongst physicians.
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Ownership Overview
2.42% Insiders
38.33% Mutual Funds
28.16% Other Institutional Investors
5.55% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MMSI FAQ
What was Merit Medical Systems’s price range in the past 12 months?
Merit Medical Systems lowest stock price was $65.45 and its highest was $105.45 in the past 12 months.
What is Merit Medical Systems’s market cap?
Currently, no data Available
When is Merit Medical Systems’s upcoming earnings report date?
Merit Medical Systems’s upcoming earnings report date is Mar 04, 2025 which is in 101 days.
How were Merit Medical Systems’s earnings last quarter?
Merit Medical Systems released its earnings results on Oct 30, 2024. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.798 by $0.062.
Is Merit Medical Systems overvalued?
According to Wall Street analysts Merit Medical Systems’s price is currently Undervalued.
Does Merit Medical Systems pay dividends?
Merit Medical Systems does not currently pay dividends.
What is Merit Medical Systems’s EPS estimate?
Merit Medical Systems’s EPS estimate is $0.82.
How many shares outstanding does Merit Medical Systems have?
Merit Medical Systems has 58,279,408 shares outstanding.
What happened to Merit Medical Systems’s price movement after its last earnings report?
Merit Medical Systems reported an EPS of $0.86 in its last earnings report, beating expectations of $0.798. Following the earnings report the stock price went up 3.962%.
Which hedge fund is a major shareholder of Merit Medical Systems?
Among the largest hedge funds holding Merit Medical Systems’s share is Iron Triangle Partners LP. It holds Merit Medical Systems’s shares valued at 25M.
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Merit Medical Systems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$110.43 (4.84% Upside)
$110.43 (4.84% Upside)
Blogger Sentiment
Bullish
MMSI Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 234.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 2.0%
Last 30 Days ▲ 40.8%
Last 30 Days ▲ 40.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.40%
12-Months-Change
Fundamentals
Return on Equity
9.40%
Trailing 12-Months
Asset Growth
31.49%
Trailing 12-Months
Company Description
Merit Medical Systems
Merit Medical Systems, Inc. engages in the manufacture and market of proprietary disposable medical devices. It operates through Cardiovascular and Endoscopy segments. The Cardiovascular segment consists of peripheral intervention, cardiac intervention, interventional oncology and spine, and cardiovascular and critical care product groups. The Endoscopy segment integrates advanced non-vascular stent technology with balloon dilators, inflation devices, guide wires, procedure kits, and other devices that are used by gastroenterologists, endoscopists, pulmonologists, and thoracic and general surgeons. The company was founded by Fred P. Lampropoulos, Darla Gill, Kent W. Stanger and William Padilla in July 1987 and is headquartered in South Jordan, UT.
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MMSI Company Deck
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MMSI Earnings Call
Q3 2024
0:00 / 0:00
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MMSI Stock 12 Month Forecast
Average Price Target
$110.43
▲(4.84% Upside)
Technical Analysis
Best Analysts Covering MMSI
1 Year
1 Year Success Rate
17/19 ratings generated profit
1 Year Average Return
+20.44%
assigned a buy rating 23 days ago
Copying Jason Bednar's trades and holding each position for 1 Year would result in 89.47% of your transactions generating a profit, with an average return of +20.44% per trade.
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