Iradimed (IRMD) Issues FY18 Earnings Guidance
Iradimed (NASDAQ:IRMD) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $0.33-$0.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $29.3-$30.0 million, compared to the consensus revenue estimate of $29.70 million.Iradimed also updated its Q1 guidance to $0.06-$0.07 EPS.
IRMD has been the subject of several analyst reports. Credit Suisse Group initiated coverage on Iradimed in a report on Monday, November 27th. They issued a buy rating and a $19.00 price target for the company. Roth Capital initiated coverage on Iradimed in a report on Tuesday, October 31st. They issued a buy rating and a $16.00 price target for the company. Finally, Zacks Investment Research upgraded Iradimed from a hold rating to a buy rating and set a $17.00 price target for the company in a report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $17.33.
Iradimed (NASDAQ IRMD) opened at $14.50 on Wednesday. The firm has a market capitalization of $158.86, a price-to-earnings ratio of 111.55 and a beta of 1.45. Iradimed has a twelve month low of $7.85 and a twelve month high of $15.85.
In other Iradimed news, Director Monty K. Allen sold 1,898 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $13.95, for a total value of $26,477.10. Following the completion of the transaction, the director now directly owns 9,062 shares in the company, valued at approximately $126,414.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 60.10% of the company’s stock.
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IRADIMED CORPORATION (IRADIMED) develops, manufactures, markets and distributes Magnetic Resonance Imaging (MRI) compatible products, and provides non-magnetic intravenous (IV) infusion pump systems. The Company operates through development, manufacture and sale of MRI compatible products and IV infusion pump systems for use by hospitals and acute care facilities during MRI procedures segment.
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