-$0.21 Earnings Per Share Expected for Novadaq Technologies Inc (NVDQ) This Quarter
Brokerages expect Novadaq Technologies Inc (NASDAQ:NVDQ) (TSE:NDQ) to announce earnings per share of ($0.21) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Novadaq Technologies’ earnings, with the highest EPS estimate coming in at ($0.18) and the lowest estimate coming in at ($0.23). Novadaq Technologies reported earnings per share of ($0.19) in the same quarter last year, which suggests a negative year-over-year growth rate of 10.5%. The business is scheduled to announce its next earnings report on Wednesday, November 1st.
On average, analysts expect that Novadaq Technologies will report full year earnings of ($0.87) per share for the current year, with EPS estimates ranging from ($0.94) to ($0.77). For the next year, analysts expect that the business will post earnings of ($0.71) per share, with EPS estimates ranging from ($0.94) to ($0.49). Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Novadaq Technologies.
Several research analysts have weighed in on the company. Zacks Investment Research raised Novadaq Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Royal Bank Of Canada lowered Novadaq Technologies from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $12.00 to $11.75 in a research report on Thursday, July 13th. Northland Securities reaffirmed a “hold” rating and set a $11.75 price target on shares of Novadaq Technologies in a research report on Monday, August 14th. JMP Securities reaffirmed a “market perform” rating on shares of Novadaq Technologies in a research report on Thursday, July 13th. Finally, First Analysis lowered Novadaq Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Novadaq Technologies presently has a consensus rating of “Hold” and a consensus price target of $11.86.
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Shares of Novadaq Technologies (NVDQ) remained flat at $11.75 during midday trading on Friday. The company had a trading volume of 395,280 shares. The company’s market capitalization is $679.41 million. The stock has a 50 day moving average of $11.68 and a 200-day moving average of $8.94. Novadaq Technologies has a 1-year low of $5.84 and a 1-year high of $12.74.
Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Novadaq Technologies by 4.8% in the second quarter. JPMorgan Chase & Co. now owns 5,308,769 shares of the medical research company’s stock valued at $62,219,000 after buying an additional 243,261 shares in the last quarter. FMR LLC increased its stake in Novadaq Technologies by 30.5% in the first quarter. FMR LLC now owns 3,107,271 shares of the medical research company’s stock valued at $24,206,000 after buying an additional 726,288 shares during the period. Janus Henderson Group PLC purchased a new stake in Novadaq Technologies during the second quarter valued at about $32,663,000. Elk Creek Partners LLC increased its stake in Novadaq Technologies by 6.9% in the first quarter. Elk Creek Partners LLC now owns 2,703,682 shares of the medical research company’s stock valued at $21,062,000 after buying an additional 174,499 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Novadaq Technologies by 0.4% in the first quarter. Clearbridge Investments LLC now owns 2,554,843 shares of the medical research company’s stock valued at $19,902,000 after buying an additional 9,371 shares during the period. Institutional investors own 75.38% of the company’s stock.
About Novadaq Technologies
NOVADAQ Technologies Inc is a medical device company. The Company primarily develops, manufactures and markets real-time fluorescence imaging products that are designed for use by surgeons in the operating room and other clinical settings where open and minimally invasive surgery or interventional procedures are performed.
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