EPS for Medtronic plc (MDT) Expected At $1.17

January 21, 2018 - By Ellis Scott

 EPS for Medtronic plc (MDT) Expected At $1.17
Investors sentiment increased to 1.12 in Q3 2017. Its up 0.22, from 0.9 in 2017Q2. It is positive, as 73 investors sold Medtronic plc shares while 392 reduced holdings. 109 funds opened positions while 414 raised stakes. 1.07 billion shares or 1.07% more from 1.06 billion shares in 2017Q2 were reported.
Jupiter Asset Ltd holds 1% or 375,934 shares. North Carolina-based Piedmont Investment Advsr Limited Co has invested 0.49% in Medtronic plc (NYSE:MDT). Clarkston Ptnrs Ltd Llc stated it has 115,674 shares. Mai Cap Mngmt has invested 0.15% in Medtronic plc (NYSE:MDT). Dubuque Retail Bank Trust accumulated 124,224 shares. Philadelphia Tru has invested 0.98% in Medtronic plc (NYSE:MDT). 835,098 were reported by Millennium Mngmt Lc. Jacobs And Ca owns 44,699 shares or 0.65% of their US portfolio. Covenant Multifamily Offices Limited Liability Corporation holds 53,054 shares. Aspen Investment Mgmt has 0.41% invested in Medtronic plc (NYSE:MDT). New York-based Pinebridge Invests Lp has invested 0.24% in Medtronic plc (NYSE:MDT). Cap Investors holds 0.14% of its portfolio in Medtronic plc (NYSE:MDT) for 7.97M shares. Healthinvest Prtn Ab accumulated 82,100 shares. First Quadrant Ltd Partnership Ca has 0.01% invested in Medtronic plc (NYSE:MDT) for 8,000 shares. Silvercrest Asset Mngmt Lc holds 0.06% or 79,291 shares.

Analysts expect Medtronic plc (NYSE:MDT) to report $1.17 EPS on February, 20.They anticipate $0.05 EPS change or 4.46 % from last quarter’s $1.12 EPS. MDT’s profit would be $1.58 billion giving it 18.52 P/E if the $1.17 EPS is correct. After having $1.07 EPS previously, Medtronic plc’s analysts see 9.35 % EPS growth. The stock decreased 0.66% or $0.58 during the last trading session, reaching $86.68. About 7.31 million shares traded or 35.43% up from the average. Medtronic plc (NYSE:MDT) has risen 4.04% since January 21, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Medtronic plc (NYSE:MDT) Ratings Coverage

Among 28 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Medtronic had 78 analyst reports since August 10, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of MDT in report on Thursday, June 2 with “Buy” rating. The company was maintained on Wednesday, June 1 by Wedbush. The stock of Medtronic plc (NYSE:MDT) earned “Hold” rating by Northland Capital on Friday, April 21. The firm has “Buy” rating given on Thursday, March 17 by Nomura. The rating was maintained by William Blair with “Outperform” on Thursday, July 6. Needham maintained the shares of MDT in report on Wednesday, November 23 with “Buy” rating. The firm has “Buy” rating given on Friday, September 29 by BMO Capital Markets. Jefferies maintained Medtronic plc (NYSE:MDT) rating on Friday, August 26. Jefferies has “Buy” rating and $100 target. The company was initiated on Monday, April 25 by SunTrust. The company was maintained on Tuesday, June 7 by Needham.

Medtronic plc manufactures and sells device medical therapies to hospitals, physicians, clinicians, and patients worldwide. The company has market cap of $117.32 billion. The company's Cardiac and Vascular Group segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; diagnostics and monitoring devices; mechanical circulatory support, TYRX, and AF products; and remote monitoring and patient-centered software. It has a 23.84 P/E ratio. It also provides transcatheter heart valves, percutaneous coronary intervention stents, surgical valve replacement and repair products, endovascular stent grafts, peripheral vascular products, and products to treat superficial and deep venous diseases.

More notable recent Medtronic plc (NYSE:MDT) news were published by: Investorplace.com which released: “3 Big Stock Charts for Monday: Activision Blizzard, Inc. (ATVI), Netflix, Inc …” on October 09, 2017, also Investorplace.com with their article: “Watch Bonds to See if the Bullishness Can Continue” published on November 21, 2017, Benzinga.com published: “29 Top Stock Ideas For October And Beyond” on October 16, 2017. More interesting news about Medtronic plc (NYSE:MDT) were released by: Investorplace.com and their article: “3 Big Stock Charts for Tuesday: Hershey Co (HSY), Juniper Networks, Inc. (JNPR …” published on September 05, 2017 as well as Investorplace.com‘s news article titled: “3 Dividend Stocks to Buy for 12 Months of Income” with publication date: April 11, 2017.

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