Intuitive Surgical, Inc. Expected to Earn Q3 2018 Earnings of $2.15 Per Share (ISRG)

Intuitive Surgical, Inc. (NASDAQ:ISRG) – Stock analysts at Piper Jaffray Companies issued their Q3 2018 earnings per share (EPS) estimates for Intuitive Surgical in a report issued on Tuesday, October 9th. Piper Jaffray Companies analyst J. Mckim anticipates that the medical equipment provider will post earnings of $2.15 per share for the quarter. Piper Jaffray Companies currently has a “Overweight” rating and a $600.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Intuitive Surgical’s Q4 2018 earnings at $2.46 EPS, FY2018 earnings at $9.21 EPS, Q1 2019 earnings at $2.28 EPS, Q2 2019 earnings at $2.55 EPS, Q3 2019 earnings at $2.48 EPS, Q4 2019 earnings at $2.80 EPS, FY2019 earnings at $10.11 EPS and FY2020 earnings at $11.39 EPS.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Co lifted their price objective on shares of Intuitive Surgical from $575.00 to $635.00 and gave the company an “outperform” rating in a research note on Wednesday, September 12th. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $582.00 price objective on the stock in a research note on Tuesday, July 24th. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Cantor Fitzgerald reissued a “buy” rating and issued a $620.00 price objective (up from $510.00) on shares of Intuitive Surgical in a research note on Friday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $575.00 price objective (up from $535.00) on shares of Intuitive Surgical in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and an average target price of $538.51.

Shares of NASDAQ:ISRG opened at $532.02 on Thursday. The company has a market capitalization of $65.29 billion, a P/E ratio of 73.99, a PEG ratio of 4.20 and a beta of 0.89. Intuitive Surgical has a 1 year low of $350.00 and a 1 year high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, July 19th. The medical equipment provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.74. The business had revenue of $909.30 million for the quarter, compared to analysts’ expectations of $877.43 million. Intuitive Surgical had a net margin of 23.20% and a return on equity of 20.56%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm posted $5.95 earnings per share.

In related news, Director Lonnie M. Smith sold 56,000 shares of the business’s stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $523.37, for a total value of $29,308,720.00. Following the sale, the director now owns 11,874 shares of the company’s stock, valued at $6,214,495.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael A. Friedman sold 2,070 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $541.46, for a total transaction of $1,120,822.20. Following the completion of the sale, the director now directly owns 5,964 shares in the company, valued at approximately $3,229,267.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,463 shares of company stock worth $57,194,982. Insiders own 2.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. CENTRAL TRUST Co grew its stake in shares of Intuitive Surgical by 26.4% in the third quarter. CENTRAL TRUST Co now owns 460 shares of the medical equipment provider’s stock worth $264,000 after purchasing an additional 96 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Intuitive Surgical by 1.4% in the second quarter. Wedbush Securities Inc. now owns 7,086 shares of the medical equipment provider’s stock worth $3,391,000 after purchasing an additional 98 shares during the last quarter. Securian Asset Management Inc grew its stake in shares of Intuitive Surgical by 0.9% in the second quarter. Securian Asset Management Inc now owns 11,795 shares of the medical equipment provider’s stock worth $5,644,000 after purchasing an additional 100 shares during the last quarter. Sun Life Financial INC grew its stake in shares of Intuitive Surgical by 59.9% in the second quarter. Sun Life Financial INC now owns 307 shares of the medical equipment provider’s stock worth $147,000 after purchasing an additional 115 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Intuitive Surgical by 2.8% in the second quarter. Envestnet Asset Management Inc. now owns 4,229 shares of the medical equipment provider’s stock worth $2,022,000 after purchasing an additional 117 shares during the last quarter. 84.80% of the stock is currently owned by institutional investors.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural hand movements, which are performed on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

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Earnings History and Estimates for Intuitive Surgical (NASDAQ:ISRG)

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