CryoLife, Inc. (NYSE:CRY) issued its quarterly earnings data on Monday, July 24th. The medical equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02, Bloomberg Earnings reports. The firm had revenue of $47.80 million during the quarter, compared to the consensus estimate of $47.02 million. CryoLife had a net margin of 6.16% and a return on equity of 7.41%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. CryoLife updated its FY17 guidance to $40-0.43 EPS.
CryoLife (CRY) opened at 18.40 on Friday. CryoLife has a one year low of $14.03 and a one year high of $20.30. The company has a market capitalization of $615.41 million, a PE ratio of 55.76 and a beta of 0.97. The stock’s 50 day moving average is $19.30 and its 200 day moving average is $17.96.
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Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of CryoLife from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of CryoLife from a “buy” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Northland Securities restated a “buy” rating and set a $23.50 price objective on shares of CryoLife in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $22.00.
In related news, VP Amy Horton sold 9,577 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $20.00, for a total transaction of $191,540.00. Following the sale, the vice president now directly owns 112,282 shares in the company, valued at approximately $2,245,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in CRY. B. Riley Financial Inc. acquired a new stake in shares of CryoLife during the second quarter worth approximately $579,000. Dimensional Fund Advisors LP boosted its stake in shares of CryoLife by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,960,221 shares of the medical equipment provider’s stock worth $39,107,000 after buying an additional 110,973 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of CryoLife by 70.4% in the second quarter. Parametric Portfolio Associates LLC now owns 127,230 shares of the medical equipment provider’s stock worth $2,538,000 after buying an additional 52,584 shares during the last quarter. Connors Investor Services Inc. boosted its stake in shares of CryoLife by 0.9% in the second quarter. Connors Investor Services Inc. now owns 108,907 shares of the medical equipment provider’s stock worth $2,173,000 after buying an additional 932 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of CryoLife by 6.6% in the second quarter. Vanguard Group Inc. now owns 1,658,646 shares of the medical equipment provider’s stock worth $33,090,000 after buying an additional 102,540 shares during the last quarter. Institutional investors own 68.13% of the company’s stock.
CryoLife Company Profile
CryoLife, Inc (CryoLife) is a medical device manufacturer and processor, and is engaged in the distribution of medical devices and implantable human tissues used in cardiac surgical procedures. The Company operates through two segments: Medical Devices and Preservation Services. The Medical Devices segment includes medical devices, such as BioGlue Surgical Adhesive, BioFoam Surgical Matrix, On-X Life Technologies Holdings, Inc valves and surgical products, CardioGenesis cardiac laser therapy product line, PerClot and PhotoFix.
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