Boston Scientific (BSX) Issues Q1 Earnings Guidance

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Boston Scientific (NYSE:BSX) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.35-$0.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.37. The company issued revenue guidance of $2.52-$2.55 billion, compared to the consensus revenue estimate of $2.54 billion.Boston Scientific also updated its FY 2019 guidance to $1.53-1.58 EPS.

Shares of NYSE:BSX opened at $37.75 on Wednesday. Boston Scientific has a one year low of $25.04 and a one year high of $39.44. The company has a quick ratio of 0.56, a current ratio of 0.78 and a debt-to-equity ratio of 0.58. The company has a market cap of $52.24 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 2.20 and a beta of 0.83.

Boston Scientific (NYSE:BSX) last issued its quarterly earnings data on Wednesday, February 6th. The medical equipment provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Boston Scientific had a net margin of 6.93% and a return on equity of 26.44%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. As a group, equities research analysts forecast that Boston Scientific will post 1.39 earnings per share for the current fiscal year.

BSX has been the subject of a number of analyst reports. Cowen set a $42.00 price objective on shares of Boston Scientific and gave the company a buy rating in a report on Monday, October 22nd. BTIG Research restated a buy rating and set a $45.00 price objective on shares of Boston Scientific in a report on Tuesday, October 16th. SunTrust Banks boosted their price objective on shares of Boston Scientific to $44.00 and gave the company a buy rating in a report on Tuesday, November 20th. Guggenheim boosted their price objective on shares of Boston Scientific to $45.00 and gave the company a buy rating in a report on Friday, November 16th. Finally, Argus boosted their price objective on shares of Boston Scientific from $41.00 to $43.00 and gave the company a buy rating in a report on Friday, October 26th. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $40.12.

In other news, EVP David A. Pierce sold 5,000 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $38.15, for a total value of $190,750.00. Following the sale, the executive vice president now owns 29,201 shares of the company’s stock, valued at $1,114,018.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Maulik Nanavaty sold 3,038 shares of the business’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $35.46, for a total transaction of $107,727.48. The disclosure for this sale can be found here. In the last three months, insiders sold 95,724 shares of company stock worth $3,504,373. 0.73% of the stock is currently owned by insiders.

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Boston Scientific Company Profile

Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: Cardiovascular, Rhythm Management, and MedSurg. The company offers interventional cardiology products, including drug-eluting coronary stent systems used in the treatment of coronary artery disease; percutaneous coronary interventions therapy products to treat atherosclerosis; intravascular catheter-directed ultrasound imaging catheters, fractional flow reserve devices, and systems for use in coronary arteries and heart chambers, as well as certain peripheral vessels; and structural heart therapy systems.

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Earnings History and Estimates for Boston Scientific (NYSE:BSX)

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