Haemonetics Corporation is Downgraded by Barrington Research to ” Mkt Perform”

Haemonetics Corporation (HAE) was Downgraded by Barrington Research to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Barrington Research advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, Haemonetics Corporation reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 6, 2017. Analyst had a consensus of $0.40. The company had revenue of $227.80 million for the quarter, compared to analysts expectations of $219.71 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.

Several company insiders have filed Insider transactions , on Dec 14, 2016, Ronald G Gelbman (director) sold 5,683 shares at $40.30 per share price. According to the SEC, on Aug 19, 2016, Ronald Merriman (director) sold 4,337 shares at $35.15 per share price. On Aug 16, 2016, Susan Bartlett Foote (director) sold 14,685 shares at $35.34 per share price, according to the Form-4 filing with the securities and exchange commission.

Haemonetics Corporation opened for trading at $37.51 and hit $37.86 on the upside on Friday, eventually ending the session at $37.63, with a gain of 0.64% or 0.24 points. The heightened volatility saw the trading volume jump to 3,23,718 shares. Company has a market cap of $1,957 M.

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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