$0.01 EPS Expected for RTI Surgical, Inc. (RTIX) This Quarter

Wall Street analysts predict that RTI Surgical, Inc. (NASDAQ:RTIX) will announce earnings per share (EPS) of $0.01 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for RTI Surgical’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.02. The business is scheduled to announce its next quarterly earnings report on Wednesday, July 26th.

On average, analysts expect that RTI Surgical will report full year earnings of $0.07 per share for the current year, with EPS estimates ranging from $0.06 to $0.08. For the next financial year, analysts expect that the firm will post earnings of $0.13 per share, with EPS estimates ranging from $0.10 to $0.15. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover RTI Surgical.

RTI Surgical (NASDAQ:RTIX) last announced its quarterly earnings data on Thursday, April 27th. The medical equipment provider reported ($0.05) earnings per share (EPS) for the quarter. RTI Surgical had a negative net margin of 6.85% and a positive return on equity of 1.34%. The business had revenue of $69.90 million during the quarter, compared to analysts’ expectations of $67.68 million. During the same period last year, the company posted $0.03 EPS. RTI Surgical’s revenue for the quarter was up 3.7% on a year-over-year basis.

A number of research analysts recently weighed in on RTIX shares. TheStreet raised shares of RTI Surgical from a “d+” rating to a “c-” rating in a report on Friday, May 5th. ValuEngine raised shares of RTI Surgical from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of RTI Surgical from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.

In other news, EVP Kevin D. Brandt acquired 33,130 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was bought at an average cost of $4.52 per share, with a total value of $149,747.60. Following the completion of the purchase, the executive vice president now directly owns 126,215 shares of the company’s stock, valued at $570,491.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicholas J. Valeriani acquired 5,500 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were purchased at an average cost of $4.60 per share, with a total value of $25,300.00. Following the completion of the purchase, the director now directly owns 25,770 shares of the company’s stock, valued at $118,542. The disclosure for this purchase can be found here. Insiders have acquired 112,023 shares of company stock valued at $514,421 over the last ninety days. 4.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RTIX. Nine Chapters Capital Management LLC raised its position in RTI Surgical by 75.9% in the first quarter. Nine Chapters Capital Management LLC now owns 35,000 shares of the medical equipment provider’s stock valued at $140,000 after buying an additional 15,100 shares during the last quarter. American International Group Inc. raised its position in RTI Surgical by 7.0% in the first quarter. American International Group Inc. now owns 35,371 shares of the medical equipment provider’s stock valued at $141,000 after buying an additional 2,327 shares during the last quarter. Bank of America Corp DE raised its position in RTI Surgical by 6.4% in the first quarter. Bank of America Corp DE now owns 39,786 shares of the medical equipment provider’s stock valued at $159,000 after buying an additional 2,389 shares during the last quarter. TFS Capital LLC raised its position in RTI Surgical by 42.6% in the first quarter. TFS Capital LLC now owns 42,132 shares of the medical equipment provider’s stock valued at $169,000 after buying an additional 12,587 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in RTI Surgical by 29.5% in the first quarter. Ameriprise Financial Inc. now owns 44,807 shares of the medical equipment provider’s stock valued at $180,000 after buying an additional 10,215 shares during the last quarter. 68.74% of the stock is owned by institutional investors.

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Shares of RTI Surgical (RTIX) traded up 0.93% during midday trading on Thursday, hitting $5.45. The firm’s market capitalization is $316.79 million. RTI Surgical has a 12-month low of $2.50 and a 12-month high of $5.50. The company has a 50 day moving average price of $4.97 and a 200 day moving average price of $3.91.

About RTI Surgical

RTI Surgical, Inc is engaged in producing orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues. The Company uses natural tissues, metals and synthetics process to produce its products. The Company’s business primarily consists of six categories, such as spine, sports medicine, ortho fixation, bone graft substitutes and general orthopedic (BGS and general orthopedic), dental and surgical specialties.

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