Q2 2021 Earnings Estimate for Teleflex Incorporated (NYSE:TFX) Issued By Jefferies Financial Group

Teleflex Incorporated (NYSE:TFX) – Investment analysts at Jefferies Financial Group lowered their Q2 2021 EPS estimates for Teleflex in a note issued to investors on Thursday, April 29th. Jefferies Financial Group analyst R. Denhoy now expects that the medical technology company will earn $2.66 per share for the quarter, down from their prior forecast of $2.84. Jefferies Financial Group also issued estimates for Teleflex’s FY2021 earnings at $12.70 EPS, Q2 2022 earnings at $3.46 EPS, Q3 2022 earnings at $3.68 EPS, Q4 2022 earnings at $4.41 EPS and FY2022 earnings at $14.89 EPS.

A number of other research analysts have also weighed in on the stock. KeyCorp lifted their price objective on shares of Teleflex from $382.00 to $441.00 and gave the company an “overweight” rating in a research note on Friday, January 8th. Wells Fargo & Company lifted their price objective on shares of Teleflex from $425.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, January 11th. Morgan Stanley lifted their price objective on shares of Teleflex from $450.00 to $478.00 and gave the company an “overweight” rating in a research note on Friday, April 30th. SVB Leerink lifted their price objective on shares of Teleflex from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 30th. Finally, Raymond James lifted their price objective on shares of Teleflex from $460.00 to $480.00 and gave the company a “strong-buy” rating in a research note on Thursday, March 18th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $460.44.

Teleflex stock opened at $412.68 on Monday. Teleflex has a 1-year low of $312.33 and a 1-year high of $449.38. The firm has a market capitalization of $19.29 billion, a price-to-earnings ratio of 53.11, a P/E/G ratio of 2.63 and a beta of 1.14. The company has a current ratio of 2.99, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. The firm has a 50 day simple moving average of $422.17 and a 200 day simple moving average of $394.45.

Teleflex (NYSE:TFX) last posted its quarterly earnings results on Thursday, April 29th. The medical technology company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.43. Teleflex had a net margin of 14.66% and a return on equity of 16.33%.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, May 14th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.33%. Teleflex’s dividend payout ratio (DPR) is currently 12.20%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFX. Amundi Pioneer Asset Management Inc. grew its position in shares of Teleflex by 21.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 17,818 shares of the medical technology company’s stock valued at $5,384,000 after purchasing an additional 3,173 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Teleflex by 6.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 14,698 shares of the medical technology company’s stock worth $5,004,000 after acquiring an additional 900 shares in the last quarter. Brinker Capital Investments LLC purchased a new position in Teleflex in the third quarter worth $824,000. Virtu Financial LLC grew its position in Teleflex by 34.7% in the third quarter. Virtu Financial LLC now owns 1,511 shares of the medical technology company’s stock worth $514,000 after acquiring an additional 389 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Teleflex by 20.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 2,900 shares of the medical technology company’s stock worth $1,194,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

About Teleflex

Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. It provides vascular access products that comprise Arrow branded catheters, catheter navigation and tip positioning systems, and intraosseous access systems for the administration of intravenous therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site.

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Earnings History and Estimates for Teleflex (NYSE:TFX)

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