ICU Medical (ICUI) Updates FY18 Earnings Guidance

ICU Medical (NASDAQ:ICUI) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $8.45-8.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.60. ICU Medical also updated its FY 2018 guidance to $8.45-8.85 EPS.

A number of brokerages recently issued reports on ICUI. Zacks Investment Research lowered shares of ICU Medical from a strong-buy rating to a hold rating in a report on Thursday, October 11th. ValuEngine lowered shares of ICU Medical from a strong-buy rating to a buy rating in a report on Friday, August 3rd. BidaskClub lowered shares of ICU Medical from a strong-buy rating to a buy rating in a report on Thursday, September 20th. Finally, TheStreet raised shares of ICU Medical from a c+ rating to a b+ rating in a report on Monday, August 20th.

Shares of ICUI traded down $28.23 during mid-day trading on Friday, reaching $232.01. The stock had a trading volume of 695,340 shares, compared to its average volume of 163,883. ICU Medical has a 52-week low of $196.33 and a 52-week high of $321.70. The firm has a market capitalization of $5.28 billion, a P/E ratio of 42.03 and a beta of 0.65.

ICU Medical (NASDAQ:ICUI) last announced its quarterly earnings data on Thursday, November 8th. The medical instruments supplier reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.34. ICU Medical had a net margin of 5.93% and a return on equity of 12.78%. The firm had revenue of $327.20 million during the quarter, compared to analyst estimates of $334.97 million. During the same quarter in the prior year, the firm posted $1.12 earnings per share. ICU Medical’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts anticipate that ICU Medical will post 7.6 EPS for the current year.

In other ICU Medical news, Director Pfizer Inc sold 700,000 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $284.35, for a total transaction of $199,045,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Virginia Ruth Sanzone sold 787 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $303.12, for a total transaction of $238,555.44. Following the transaction, the vice president now directly owns 1,367 shares of the company’s stock, valued at approximately $414,365.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 711,920 shares of company stock valued at $202,651,956. 12.50% of the stock is currently owned by insiders.

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About ICU Medical

ICU Medical, Inc develops, manufactures, and sells medical devices used in vascular therapy, critical care, and oncology applications worldwide. It offers infusion therapy products comprising a tube running from a bottle or plastic bag containing a solution to a catheter inserted in a patient's vein.

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