Equities Analysts Offer Predictions for ISRG FY2024 Earnings

Intuitive Surgical, Inc. (NASDAQ:ISRG) – Analysts at Leerink Partnrs decreased their FY2024 earnings per share (EPS) estimates for Intuitive Surgical in a research report issued on Monday, November 25th. Leerink Partnrs analyst M. Kratky now forecasts that the medical equipment provider will earn $5.39 per share for the year, down from their previous estimate of $5.41. The consensus estimate for Intuitive Surgical’s current full-year earnings is $5.45 per share.

Other analysts have also recently issued reports about the stock. Raymond James boosted their price objective on shares of Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Mizuho lifted their price objective on Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. Leerink Partners increased their target price on shares of Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Finally, Redburn Atlantic raised shares of Intuitive Surgical from a “neutral” rating to a “buy” rating and lifted their price target for the company from $380.00 to $510.00 in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average price target of $526.06.

Intuitive Surgical Stock Performance

Shares of ISRG stock opened at $542.10 on Wednesday. The firm has a market capitalization of $193.09 billion, a price-to-earnings ratio of 87.15, a price-to-earnings-growth ratio of 5.28 and a beta of 1.39. Intuitive Surgical has a one year low of $304.50 and a one year high of $552.00. The company has a 50 day moving average price of $506.81 and a 200 day moving average price of $466.29.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $482.21, for a total transaction of $90,655.48. Following the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at $2,655,048.26. This represents a 3.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jamie Samath sold 108 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $542.06, for a total transaction of $58,542.48. Following the completion of the sale, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at $4,746,819.42. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,647 shares of company stock valued at $26,170,907. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Intuitive Surgical

A number of institutional investors have recently made changes to their positions in the company. Creekmur Asset Management LLC boosted its holdings in Intuitive Surgical by 200.0% in the first quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. Ridgewood Investments LLC bought a new position in shares of Intuitive Surgical in the 2nd quarter worth about $26,000. Godsey & Gibb Inc. grew its position in shares of Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after buying an additional 35 shares during the last quarter. LRI Investments LLC acquired a new stake in Intuitive Surgical during the first quarter worth about $30,000. Finally, LGT Financial Advisors LLC lifted its holdings in Intuitive Surgical by 415.4% in the second quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 54 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

About Intuitive Surgical

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.