Baird Upgrades Exactech to Outperform

Brokerage firm Baird Upgrades its rating on Exactech(NASDAQ:EXAC). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Baird was issued on Apr 13, 2016.

Exactech (EXAC) made into the market gainers list on Fridays trading session with the shares advancing 0.37% or 0.08 points. Due to strong positive momentum, the stock ended at $21.96, which is also near the day’s high of $22.2. The stock began the session at $21.78 and the volume stood at 67,711 shares. The 52-week high of the shares is $25.74 and the 52 week low is $16.11. The company has a current market capitalization of $308 M and it has 1,40,27,809 shares in outstanding.

Exactech(EXAC) last announced its earnings results on Feb 16, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $62.73M. Analysts had an estimated revenue of $61.29M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Apr 4, 2016, Gary J Miller (Executive Vice President, R&D) sold 7,000 shares at $19.95 per share price.Also, On Mar 11, 2016, Joel C Phillips (EVP/CFO/Treasurer) sold 2,000 shares at $18.71 per share price.On Mar 11, 2016, James G Binch (director) sold 1,000 shares at $18.70 per share price, according to the Form-4 filing with the securities and exchange commission.

Exactech Inc. develops manufactures markets distributes and sells orthopedic implant devices related surgical instrumentation and biologic services to hospitals and physicians in the United States and internationally. The Company’s operating segments are represented by its major product lines: knee implants hip implants biologics and spine extremity implants and other products. Its other products segment includes miscellaneous sales categories such as surgical instruments held for sale bone cement instrument rental fees shipping charges and other implant product lines. The Company manufactures some components of its knee extremity and hip joint replacement systems at its facility in Gainesville Florida. Its joint replacement products are used by orthopedic surgeons to repair or replace joints that have deteriorated as a result of injury or disease. Its spinal implants are used as an adjunct to the fusion of vertebrae in the treatment of spinal disease and deformity.

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