Analysts Offer Predictions for LivaNova PLC’s Q3 2017 Earnings (LIVN)

LivaNova PLC (NASDAQ:LIVN) – Investment analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for shares of LivaNova PLC in a note issued to investors on Friday. Jefferies Group analyst R. Denhoy forecasts that the company will earn $0.75 per share for the quarter. Jefferies Group has a “Buy” rating and a $76.00 price objective on the stock. Jefferies Group also issued estimates for LivaNova PLC’s Q4 2017 earnings at $0.82 EPS, FY2017 earnings at $3.29 EPS, FY2018 earnings at $3.63 EPS, FY2019 earnings at $4.00 EPS and FY2020 earnings at $4.42 EPS.

LivaNova PLC (NASDAQ:LIVN) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.19. The firm had revenue of $321.40 million for the quarter, compared to analyst estimates of $315.75 million. LivaNova PLC had a return on equity of 9.08% and a net margin of 2.26%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Analysts Offer Predictions for LivaNova PLC’s Q3 2017 Earnings (LIVN)” was published by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thestockobserver.com/2017/09/13/analysts-offer-predictions-for-livanova-plcs-q3-2017-earnings-livn.html.

LIVN has been the subject of several other reports. Berenberg Bank reaffirmed a “buy” rating and issued a $70.00 price objective on shares of LivaNova PLC in a research note on Friday, August 11th. Needham & Company LLC began coverage on LivaNova PLC in a research note on Wednesday, August 23rd. They issued a “hold” rating for the company. BidaskClub cut LivaNova PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Piper Jaffray Companies reiterated an “overweight” rating and set a $75.00 target price on shares of LivaNova PLC in a report on Tuesday. Finally, WBB Securities cut LivaNova PLC from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $65.00.

Shares of LivaNova PLC (LIVN) opened at 65.43 on Monday. LivaNova PLC has a 52 week low of $40.83 and a 52 week high of $66.67. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 116.84 and a beta of 0.58. The stock has a 50 day moving average price of $61.97 and a 200-day moving average price of $57.20.

In other LivaNova PLC news, Director Daniel Jeffrey Moore sold 1,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $60.80, for a total transaction of $60,800.00. Following the sale, the director now owns 57,437 shares in the company, valued at approximately $3,492,169.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 3,000 shares of company stock worth $183,110. 0.28% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in LivaNova PLC by 9.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,707 shares of the company’s stock valued at $105,000 after buying an additional 153 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in LivaNova PLC by 76.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,763 shares of the company’s stock valued at $108,000 after buying an additional 763 shares during the last quarter. Meadow Creek Investment Management LLC grew its holdings in LivaNova PLC by 11.4% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,464 shares of the company’s stock valued at $121,000 after buying an additional 252 shares during the last quarter. Glen Harbor Capital Management LLC grew its holdings in LivaNova PLC by 11.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,992 shares of the company’s stock valued at $147,000 after buying an additional 306 shares during the last quarter. Finally, Exane Derivatives grew its holdings in LivaNova PLC by 814.8% during the 2nd quarter. Exane Derivatives now owns 3,156 shares of the company’s stock valued at $158,000 after buying an additional 2,811 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

LivaNova PLC Company Profile

LivaNova PLC is a medical device company focused on the development and delivery of therapeutic solutions. The Company’s segments include Cardiac Surgery, Cardiac Rhythm Management, Neuromodulation and Other. The Cardiac Surgery segment is engaged in the development, production and sale of cardiovascular surgery products.

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