Penumbra (PEN) to Release Earnings on Monday

Penumbra (NYSE:PEN) will be releasing its earnings data after the market closes on Monday, August 3rd. Analysts expect Penumbra to post earnings of ($0.48) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Penumbra (NYSE:PEN) last posted its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). Penumbra had a net margin of 7.04% and a return on equity of 5.72%. The firm had revenue of $137.33 million during the quarter, compared to analyst estimates of $136.28 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts expect Penumbra to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.27 and a current ratio of 5.15. The company has a 50-day moving average price of $187.93 and a two-hundred day moving average price of $175.68. Penumbra has a 12 month low of $121.80 and a 12 month high of $225.64. The firm has a market cap of $7.88 billion, a PE ratio of 303.42 and a beta of 0.64.

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Penumbra from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Zacks Investment Research cut shares of Penumbra from a “hold” rating to a “sell” rating in a research note on Friday, June 5th. Citigroup upped their price objective on shares of Penumbra from $192.00 to $214.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Canaccord Genuity restated a “buy” rating and set a $184.00 price objective (down from $186.00) on shares of Penumbra in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $194.50.

In other news, EVP Lynn Rothman sold 200 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $195.00, for a total value of $39,000.00. Following the completion of the sale, the executive vice president now directly owns 12,532 shares in the company, valued at $2,443,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Arani Bose sold 10,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $185.07, for a total transaction of $1,850,700.00. Following the completion of the sale, the insider now owns 560,662 shares of the company’s stock, valued at $103,761,716.34. The disclosure for this sale can be found here. Insiders have sold 44,151 shares of company stock valued at $8,226,190 over the last 90 days. 8.90% of the stock is currently owned by company insiders.

Penumbra Company Profile

Penumbra, Inc designs, develops, manufactures, and markets medical devices in the United States, Europe, Canada, Australia, Japan, and internationally. The company offers neurovascular access systems designed to provide intracranial access for use in a range of neurovascular therapies under the Neuron, Neuron MAX, Select, BENCHMARK, DDC, and PX SLIM brands; aspiration based thrombectomy systems and accessory devices, including revascularization device for mechanical thrombectomy, such as Penumbra System under the ACE and the 3D Revascularization Device brands.

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Earnings History for Penumbra (NYSE:PEN)

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