Paragon 28 (FNA) to Release Earnings on Wednesday

Paragon 28 (NYSE:FNA) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.11) per share for the quarter. Paragon 28 has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Paragon 28 (NYSE:FNA) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.09). Paragon 28 had a negative net margin of 22.11% and a negative return on equity of 22.51%. The business had revenue of $60.56 million for the quarter, compared to analyst estimates of $60.73 million. On average, analysts expect Paragon 28 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Paragon 28 Stock Up 1.5 %

NYSE:FNA opened at $10.69 on Monday. The firm’s fifty day moving average price is $10.43 and its two-hundred day moving average price is $11.12. The company has a current ratio of 4.21, a quick ratio of 2.30 and a debt-to-equity ratio of 0.62. Paragon 28 has a one year low of $7.95 and a one year high of $19.00.

Wall Street Analyst Weigh In

FNA has been the subject of several research reports. Piper Sandler restated an “overweight” rating and set a $18.00 price objective on shares of Paragon 28 in a research report on Wednesday, March 27th. Stephens reissued an “overweight” rating and set a $18.00 price target on shares of Paragon 28 in a report on Friday, April 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Paragon 28 in a report on Thursday, April 4th.

Insiders Place Their Bets

In other Paragon 28 news, insider Albert Dacosta purchased 28,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $9.12 per share, for a total transaction of $255,360.00. Following the completion of the transaction, the insider now owns 5,339,110 shares in the company, valued at $48,692,683.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.32% of the company’s stock.

Paragon 28 Company Profile

Paragon 28, Inc develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.