Intuitive Surgical (NASDAQ:ISRG) Announces Quarterly Earnings Results, Beats Estimates By $1.15 EPS

Intuitive Surgical (NASDAQ:ISRG) announced its quarterly earnings results on Thursday. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $1.15, MarketWatch Earnings reports. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $966.81 million. Intuitive Surgical had a return on equity of 13.62% and a net margin of 26.07%. Intuitive Surgical’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS.

Shares of NASDAQ:ISRG opened at $752.68 on Friday. The firm has a market cap of $88.08 billion, a price-to-earnings ratio of 79.15, a PEG ratio of 14.13 and a beta of 0.94. Intuitive Surgical has a 12-month low of $360.50 and a 12-month high of $778.83. The stock’s 50-day moving average price is $708.30 and its two-hundred day moving average price is $613.19.

A number of brokerages have issued reports on ISRG. Sanford C. Bernstein lifted their price target on Intuitive Surgical from $625.00 to $725.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Bank of America downgraded Intuitive Surgical from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $725.00 to $760.00 in a report on Tuesday, September 8th. UBS Group lifted their price target on Intuitive Surgical from $565.00 to $670.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Raymond James lifted their target price on Intuitive Surgical from $725.00 to $800.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. Finally, Robert W. Baird initiated coverage on Intuitive Surgical in a research report on Tuesday, September 1st. They issued a “neutral” rating and a $700.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Hold” and a consensus price target of $708.36.

In other news, Director Amy L. Ladd sold 55 shares of Intuitive Surgical stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $665.13, for a total value of $36,582.15. Following the transaction, the director now directly owns 128 shares of the company’s stock, valued at approximately $85,136.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Desantis sold 1,798 shares of Intuitive Surgical stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $666.21, for a total value of $1,197,845.58. Following the completion of the transaction, the vice president now directly owns 3,348 shares in the company, valued at $2,230,471.08. The disclosure for this sale can be found here. Insiders sold a total of 29,880 shares of company stock worth $20,504,788 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Earnings History for Intuitive Surgical (NASDAQ:ISRG)

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