Edwards Lifesciences Corp (EW) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.66. The company posted revenue of $697.30 million in the period, compared to analysts expectations of $666.93 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.
Many Wall Street Analysts have commented on Edwards Lifesciences Corp. Company shares were Reiterated by Leerink Partners on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $93 .Company shares were Reiterated by Canaccord Genuity on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 113 from a previous price target of $95 .Company shares were Reiterated by RBC Capital Mkts on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 110 from a previous price target of $100 .
Edwards Lifesciences Corp opened for trading at $107.99 and hit $109.32 on the upside on Friday, eventually ending the session at $108.33, with a gain of 0.21% or 0.23 points. The heightened volatility saw the trading volume jump to 9,20,923 shares. Company has a market cap of $23,247 M.
In a different news, on Apr 6, 2016, Huimin Wang (CVP, Japan & Intercontinental) sold 13,650 shares at $104.12 per share price. According to the SEC, on Mar 18, 2016, Michael A Mussallem (Chairman & CEO) sold 59,000 shares at $85.25 per share price. On Feb 22, 2016, Patrick B Verguet (CVP, Europe) sold 5,000 shares at $87.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Edwards Lifesciences Corporation is focused on technologies that treat structural heart disease and critically ill patients. The Company is engaged in the development and commercialization of heart valve therapies. It is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company develops hemodynamic monitoring systems used to measure a patient’s cardiovascular function in the hospital setting. Patients in the hospital setting including high-risk patients in the operating room or intensive care unit are candidates for having their cardiac function or fluid levels monitored by the its Critical Care products. The Companys products and technologies it offers to treat advanced cardiovascular disease are categorized into three main areas: Transcatheter Heart Valve Therapy Surgical Heart Valve Therapy and Critical Care.