HeartWare International Inc (HTWR) Releases Earnings Results, Misses Expectations By $-0.22 EPS

HeartWare International Inc (HTWR) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.95 earnings per share for the quarter, missing the analyst consensus estimate by $-0.22. Analysts had a consensus of $-0.73. The company posted revenue of $55.10 million in the period, compared to analysts expectations of $60.20 million. The company’s revenue was down -21.3% compared to the same quarter last year.

Many Wall Street Analysts have commented on HeartWare International Inc. HeartWare International Inc was Upgraded by BofA/Merrill to ” Buy” on Mar 24, 2016.

HeartWare International Inc opened for trading at $33.67 and hit $34.78 on the upside on Monday, eventually ending the session at $34.51, with a gain of 3.45% or 1.15 points. The heightened volatility saw the trading volume jump to 2,68,613 shares. Company has a market cap of $605 M.

In a different news, on Apr 4, 2016, James Schuermann (SVP, Sales & Marketing) sold 1,000 shares at $31.36 per share price. According to the SEC, on Feb 26, 2016, Peter F Mcaree (SVP, CFO and Treasurer) sold 697 shares at $29.49 per share price. On Feb 26, 2016, Mark Strong (Senior VP, R&D and Quality) sold 395 shares at $29.67 per share price, according to the Form-4 filing with the securities and exchange commission.

Heartware International Inc. is a medical device company. The Company develops and manufactures miniaturized implantable heart pumps or ventricular assist devices for patients suffering from advanced heart failure. The HeartWare Ventricular Assist System (HVAD System) which includes a ventricular assist device (VAD) or blood pump patient accessories and surgical tools provides circulatory support for patients in the advanced stage of heart failure. The core of the HVAD System is a continuous flow blood pump the HVAD pump. The HVAD System is designed to be implanted adjacent to the heart avoiding abdominal surgery directly adjacent to the heart. The Company’s hybrid system is used for suspending the impeller. The impeller is suspended within the pump housing by the opposing forces of passive magnets and hydrodynamic thrust generated by the pump impeller which circulates a cushion of blood.

HeartWare International Inc

Leave a Reply

HeartWare International Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on HeartWare International Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.