CONMED Corporation (NASDAQ:CNMD) Given Price Target Of $48.4


As per CONMED Corporation (NASDAQ:CNMD)’s news release on 2016-05-25, its shareholders will get cash dividend of $0.2 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-15 and 2016-07-06, respectively.

The stock will commence trading ex-dividend from 2016-06-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year CONMED Corporation (NASDAQ:CNMD) disbursed $0.2 in dividend compared to distribution of $0.2, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated CONMED Corporation (NASDAQ:CNMD) to attain a price target of $48.4. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $52. The low price range is set at $42 for next year while the arithmetic mean is seen at 2.17.

Eyeing Earnings CONMED Corporation (NASDAQ:CNMD) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.41 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, CONMED Corporation (NASDAQ:CNMD) earnings came at $0.47 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.45 for the quarter.

Shares of the CONMED Corporation (NASDAQ:CNMD) traded in the range of $38.27 to $38.94 and closed the last trading session at $38.68 on a volume of ((Volume:238}}.

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