Equities research analysts forecast that AngioDynamics, Inc. (NASDAQ:ANGO) will announce $67.61 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for AngioDynamics’ earnings, with the lowest sales estimate coming in at $67.30 million and the highest estimate coming in at $67.92 million. AngioDynamics posted sales of $85.34 million during the same quarter last year, which would indicate a negative year over year growth rate of 20.8%. The firm is expected to report its next earnings results on Thursday, September 26th.
On average, analysts expect that AngioDynamics will report full year sales of $282.72 million for the current fiscal year, with estimates ranging from $282.64 million to $282.80 million. For the next fiscal year, analysts anticipate that the firm will post sales of $302.05 million, with estimates ranging from $301.20 million to $302.90 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AngioDynamics.
AngioDynamics (NASDAQ:ANGO) last announced its earnings results on Wednesday, July 10th. The medical instruments supplier reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). AngioDynamics had a net margin of 17.06% and a return on equity of 5.58%. The company had revenue of $96.30 million for the quarter, compared to analyst estimates of $92.34 million. During the same quarter last year, the company posted $0.20 EPS. AngioDynamics’s quarterly revenue was up 9.1% compared to the same quarter last year.
Shares of AngioDynamics stock traded up $0.09 during trading hours on Tuesday, reaching $18.84. 623 shares of the company’s stock were exchanged, compared to its average volume of 224,046. AngioDynamics has a 52-week low of $18.11 and a 52-week high of $25.48. The firm has a market capitalization of $712.36 million, a price-to-earnings ratio of 22.72 and a beta of 0.66. The company has a fifty day moving average of $20.47 and a 200-day moving average of $20.96. The company has a current ratio of 4.30, a quick ratio of 3.75 and a debt-to-equity ratio of 0.20.
In related news, Director Kevin J. Gould sold 13,650 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $21.45, for a total value of $292,792.50. Following the transaction, the director now directly owns 61,774 shares of the company’s stock, valued at approximately $1,325,052.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen Asset Management LLC bought a new stake in shares of AngioDynamics during the second quarter valued at approximately $4,865,000. Price T Rowe Associates Inc. MD raised its holdings in shares of AngioDynamics by 27.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 607,751 shares of the medical instruments supplier’s stock valued at $11,967,000 after buying an additional 129,497 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of AngioDynamics by 40.5% during the second quarter. Victory Capital Management Inc. now owns 3,773,543 shares of the medical instruments supplier’s stock valued at $74,301,000 after buying an additional 1,086,847 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of AngioDynamics by 3.5% during the second quarter. UBS Asset Management Americas Inc. now owns 21,784 shares of the medical instruments supplier’s stock valued at $429,000 after buying an additional 746 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of AngioDynamics during the second quarter valued at approximately $419,000. 98.37% of the stock is currently owned by institutional investors and hedge funds.
AngioDynamics, Inc designs, manufactures, and sells various medical, surgical, and diagnostic devices for the treatment of peripheral vascular disease, vascular access, and for use in oncology and surgical settings in the United States and internationally. The company provides AngioVac venous drainage system that includes venous drainage cannula for the removal of fresh, soft thrombi, or emboli during extracorporeal bypass; and cardiopulmonary bypass circuit for use in procedures during extracorporeal circulatory support.
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