Haemonetics Corporation (HAE) is Reiterated by Barrington Research to Outperform, Lowers Price Target to $ 32

Haemonetics Corporation (HAE) was Reiterated by Barrington Research to “Outperform” while Lowering the Price Target of the company shares to $ 32 from a previous price target of $40 . Barrington Research advised their investors in a research report released on May 3, 2016.

On the company’s financial health, Haemonetics Corporation reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $0.46. The company had revenue of $243.20 million for the quarter, compared to analysts expectations of $244.96 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Haemonetics Corporation closed down -4.78 points or -14.74% at $27.65 with 15,86,125 shares getting traded on Monday. Post opening the session at $30, the shares hit an intraday low of $27.52 and an intraday high of $31.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Oct 28, 2015, Sandra Jesse (EVP and Chief Legal Officer) sold 778 shares at $32.13 per share price. According to the SEC, on Oct 28, 2015, Byron Selman (President, Global Markets) sold 344 shares at $32.13 per share price. On Oct 28, 2015, Jonathan White (Chief Science and Technology) sold 319 shares at $32.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Haemonetics Corporation is a healthcare company which provides blood management solutions to its customers. The Company’s portfolio of integrated devices information management and consulting services offers blood management solutions for each facet of the blood supply chain. It serves three customer segments: manufacturers of plasma derived pharmaceuticals blood collectors and hospitals. Its multiple product lines under four global product categories include Plasma Blood Center Hospital and Software Solutions. Its Plasma includes plasma collection devices and disposables. Its Blood Center includes blood collection and processing devices and disposables. Its Hospital includes surgical blood salvage and blood demand diagnostic devices and disposables. Its Software Solutions includes information technology platforms and consulting services provided to all three markets. It operates in North America Plasma North America Blood Center and Hospital Europe Asia Pacific and Japan.

Haemonetics Corporation

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