Equities research analysts expect Wright Medical Group N.V. (NASDAQ:WMGI) to report earnings of ($0.16) per share for the current fiscal quarter, according to Zacks. Seventeen analysts have made estimates for Wright Medical Group N.V.’s earnings, with estimates ranging from ($0.19) to ($0.07). Wright Medical Group N.V. posted earnings per share of ($0.19) during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.8%. The business is expected to announce its next quarterly earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Wright Medical Group N.V. will report full-year earnings of ($0.31) per share for the current financial year, with EPS estimates ranging from ($0.57) to ($0.26). For the next year, analysts expect that the business will report earnings of $0.06 per share, with EPS estimates ranging from ($0.16) to $0.15. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Wright Medical Group N.V..

Wright Medical Group N.V. (NASDAQ:WMGI) last announced its quarterly earnings data on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Wright Medical Group N.V. had a negative return on equity of 6.22% and a negative net margin of 36.04%. The business had revenue of $179.69 million during the quarter, compared to analyst estimates of $178.17 million. During the same period last year, the company earned ($0.11) earnings per share. Wright Medical Group N.V.’s quarterly revenue was up 5.3% compared to the same quarter last year.

Several equities research analysts recently commented on WMGI shares. Cantor Fitzgerald started coverage on shares of Wright Medical Group N.V. in a research report on Thursday, June 29th. They issued an “overweight” rating and a $33.00 price objective on the stock. ValuEngine raised shares of Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Oppenheimer Holdings, Inc. set a $30.00 price objective on shares of Wright Medical Group N.V. and gave the company a “hold” rating in a research report on Thursday, August 3rd. BidaskClub cut shares of Wright Medical Group N.V. from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Wright Medical Group N.V. in a research report on Friday, August 4th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.25.

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Shares of Wright Medical Group N.V. (NASDAQ WMGI) traded down 2.44% during mid-day trading on Friday, hitting $26.77. The company had a trading volume of 2,224,146 shares. The company’s market capitalization is $2.81 billion. Wright Medical Group N.V. has a one year low of $20.50 and a one year high of $31.53. The firm’s 50-day moving average price is $28.14 and its 200 day moving average price is $28.33.

In other Wright Medical Group N.V. news, SVP Jennifer S. Walker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $28.00, for a total transaction of $560,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 9.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in WMGI. Janus Henderson Group PLC acquired a new position in shares of Wright Medical Group N.V. during the 2nd quarter worth about $68,618,000. Capital Research Global Investors increased its stake in shares of Wright Medical Group N.V. by 60.9% during the 2nd quarter. Capital Research Global Investors now owns 2,775,000 shares of the medical device company’s stock worth $76,285,000 after purchasing an additional 1,050,000 shares during the last quarter. FMR LLC increased its stake in shares of Wright Medical Group N.V. by 5.7% during the 2nd quarter. FMR LLC now owns 15,644,806 shares of the medical device company’s stock worth $430,075,000 after purchasing an additional 845,909 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Wright Medical Group N.V. by 139.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,209,407 shares of the medical device company’s stock worth $33,247,000 after purchasing an additional 705,300 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Wright Medical Group N.V. during the 2nd quarter worth about $10,374,000.

About Wright Medical Group N.V.

Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.

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Earnings History and Estimates for Wright Medical Group N.V. (NASDAQ:WMGI)

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