Merit Medical Systems Inc reports results for the quarter ended September 30 - Earnings Summary

• Merit Medical Systems Inc reported quarterly adjusted earnings of $1.12​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 92 cents. The mean expectation of twelve analysts for the quarter was for earnings of $1.04 per share. Wall Street expected results to range from $1.01 to $1.08 per share.

• Revenue rose 8.4% to $416.24 million from a year ago; analysts expected $410.59 million.

• Merit Medical Systems Inc's reported EPS for the quarter was 70 cents​.

• The company reported quarterly net income of $42.31 million.

• Merit Medical Systems Inc shares had risen by 6.9% this quarter and gained 4.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

• Wall Street's median 12-month price target for Merit Medical Systems Inc is $100.00, about 6.6% above its last closing price of $93.39

This summary was machine generated from LSEG data October 29 at 10:44 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)