Inspire Medical Systems (NYSE:INSP) announced its quarterly earnings data on Tuesday. The company reported ($0.34) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.09, Briefing.com reports. Inspire Medical Systems had a negative net margin of 40.36% and a negative return on equity of 18.32%. The firm had revenue of $20.86 million during the quarter, compared to analysts’ expectations of $19.15 million. During the same quarter last year, the business earned ($0.22) earnings per share. The business’s revenue for the quarter was up 59.8% compared to the same quarter last year.
Inspire Medical Systems stock opened at $61.10 on Friday. Inspire Medical Systems has a 1 year low of $35.43 and a 1 year high of $71.71. The firm has a 50 day moving average price of $58.93 and a 200 day moving average price of $60.07. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -40.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 20.05 and a current ratio of 20.46.
In other Inspire Medical Systems news, CEO Timothy P. Herbert sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $58.61, for a total transaction of $1,465,250.00. Also, insider Randy Ban sold 19,300 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $59.16, for a total transaction of $1,141,788.00. Over the last 90 days, insiders sold 191,790 shares of company stock valued at $12,433,812. 12.10% of the stock is owned by insiders.
Inspire Medical Systems Company Profile
Inspire Medical Systems, Inc, a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.
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