Intuitive Surgical (ISRG) Scheduled to Post Quarterly Earnings on Thursday
Intuitive Surgical (NASDAQ:ISRG) is scheduled to announce its earnings results after the market closes on Thursday, April 18th. Analysts expect the company to announce earnings of $2.26 per share for the quarter.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.11). The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. Intuitive Surgical’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 EPS. On average, analysts expect Intuitive Surgical to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
ISRG opened at $576.81 on Tuesday. The stock has a market cap of $67.44 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 4.59 and a beta of 1.10. Intuitive Surgical has a 52-week low of $417.68 and a 52-week high of $589.32.
In related news, COO Salvatore Brogna sold 2,090 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $551.79, for a total value of $1,153,241.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jamie Samath sold 458 shares of the stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $500.03, for a total transaction of $229,013.74. Following the completion of the sale, the vice president now directly owns 198 shares of the company’s stock, valued at $99,005.94. The disclosure for this sale can be found here. Insiders have sold a total of 42,284 shares of company stock valued at $22,205,382 in the last ninety days. 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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