Edwards Lifesciences Corp (NYSE:EW) CEO Michael A. Mussallem sold 22,850 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $189.14, for a total transaction of $4,321,849.00. Following the transaction, the chief executive officer now owns 105,770 shares in the company, valued at approximately $20,005,337.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE EW opened at $191.45 on Friday. The business has a 50-day moving average of $182.93. The company has a current ratio of 3.66, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $39.98 billion, a PE ratio of 40.73, a PEG ratio of 2.44 and a beta of 0.85. Edwards Lifesciences Corp has a 12 month low of $134.53 and a 12 month high of $197.86.
Edwards Lifesciences (NYSE:EW) last released its quarterly earnings data on Tuesday, April 23rd. The medical research company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.09. Edwards Lifesciences had a net margin of 20.03% and a return on equity of 31.16%. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $989.87 million. During the same period in the prior year, the firm earned $1.22 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts forecast that Edwards Lifesciences Corp will post 5.29 earnings per share for the current year.
A number of research analysts have weighed in on the stock. Stifel Nicolaus cut shares of Owens Corning from a “buy” rating to a “hold” rating and set a $52.45 price objective on the stock. in a research report on Wednesday, April 24th. Raymond James reiterated an “outperform” rating and set a C$44.00 price objective on shares of Teck Resources in a research report on Wednesday, April 24th. Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Deutsche Bank upped their price target on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, Canaccord Genuity set a $40.00 price target on shares of Mallinckrodt and gave the stock a “buy” rating in a report on Monday, March 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Edwards Lifesciences has a consensus rating of “Buy” and a consensus price target of $188.10.
About Edwards Lifesciences
Edwards Lifesciences Corporation provides products and technologies for structural heart disease and critical care monitoring in the United States and internationally. It offers transcatheter heart valve therapy products comprising transcatheter aortic valve replacement, and transcatheter mitral and tricuspid therapies for the nonsurgical replacement of heart valves.
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