Brokerages expect K2M Group Holdings, Inc. (NASDAQ:KTWO) to report earnings per share of ($0.22) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for K2M Group Holdings’ earnings, with the highest EPS estimate coming in at ($0.20) and the lowest estimate coming in at ($0.23). K2M Group Holdings posted earnings of ($0.27) per share in the same quarter last year, which indicates a positive year over year growth rate of 18.5%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, August 1st.
On average, analysts expect that K2M Group Holdings will report full-year earnings of ($0.80) per share for the current year, with EPS estimates ranging from ($0.86) to ($0.75). For the next year, analysts expect that the firm will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.53) to ($0.25). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow K2M Group Holdings.
K2M Group Holdings (NASDAQ:KTWO) last posted its quarterly earnings data on Tuesday, May 2nd. The medical device company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The company had revenue of $61.89 million for the quarter, compared to analysts’ expectations of $60.10 million. K2M Group Holdings had a negative net margin of 17.48% and a negative return on equity of 16.02%.
A number of equities analysts recently weighed in on KTWO shares. TheStreet upgraded shares of K2M Group Holdings from a “d+” rating to a “c” rating in a research report on Monday, May 8th. Royal Bank Of Canada restated a “buy” rating on shares of K2M Group Holdings in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of K2M Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, March 30th. Oppenheimer Holdings, Inc. set a $26.00 target price on shares of K2M Group Holdings and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Finally, Cowen and Company restated an “outperform” rating and set a $26.00 target price (up previously from $21.00) on shares of K2M Group Holdings in a research report on Sunday, April 9th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. K2M Group Holdings presently has a consensus rating of “Buy” and a consensus price target of $25.88.
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In related news, insider John Philip Md Kostuik sold 50,000 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $22.70, for a total transaction of $1,135,000.00. Following the sale, the insider now owns 199,107 shares of the company’s stock, valued at $4,519,728.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gregory S. Cole sold 42,947 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $22.80, for a total transaction of $979,191.60. Following the sale, the chief financial officer now directly owns 87,425 shares in the company, valued at approximately $1,993,290. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,805 shares of company stock worth $2,178,713. 5.80% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in KTWO. Legal & General Group Plc increased its stake in K2M Group Holdings by 9.1% in the first quarter. Legal & General Group Plc now owns 6,763 shares of the medical device company’s stock worth $138,000 after buying an additional 564 shares during the last quarter. Simplex Trading LLC acquired a new stake in K2M Group Holdings during the first quarter worth about $187,000. Parkwood LLC acquired a new stake in K2M Group Holdings during the first quarter worth about $223,000. Paradigm Capital Management Inc. NY acquired a new stake in K2M Group Holdings during the first quarter worth about $226,000. Finally, Trexquant Investment LP acquired a new stake in K2M Group Holdings during the first quarter worth about $250,000. 98.73% of the stock is currently owned by institutional investors.
K2M Group Holdings (NASDAQ:KTWO) traded down 0.27% during mid-day trading on Thursday, hitting $25.43. 23,830 shares of the stock traded hands. The company’s 50 day moving average is $23.75 and its 200 day moving average is $21.73. K2M Group Holdings has a 12 month low of $15.45 and a 12 month high of $25.74. The company’s market cap is $1.08 billion.
About K2M Group Holdings
K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine and minimally invasive technologies and techniques. The Company’s solutions are focused on achieving three-dimensional Total Body Balance. Its spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.
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