Teleflex Incorporated (NYSE:TFX) Announces Quarterly Dividend of $0.34

Teleflex Incorporated (NYSE:TFX – Get Free Report) announced a quarterly dividend on Friday, May 15th. Investors of record on Monday, May 25th will be given a dividend of 0.34 per share by the medical technology company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 22nd.

Teleflex has a dividend payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Teleflex to earn $10.46 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.0%.

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Teleflex Stock Up 2.0%

TFX stock opened at $133.01 on Wednesday. Teleflex has a twelve month low of $100.18 and a twelve month high of $139.67. The company has a market cap of $5.89 billion, a PE ratio of -5.83, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. The business’s 50-day simple moving average is $121.39 and its 200 day simple moving average is $116.69. The company has a quick ratio of 2.03, a current ratio of 2.55 and a debt-to-equity ratio of 0.82.

Teleflex (NYSE:TFX – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The medical technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. The company had revenue of $548.30 million for the quarter, compared to the consensus estimate of $536.91 million. Teleflex had a positive return on equity of 13.29% and a negative net margin of 35.88%.The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. Teleflex has set its FY 2026 guidance at 6.250-6.550 EPS. On average, research analysts anticipate that Teleflex will post 6.7 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America raised Teleflex from an “underperform” rating to a “neutral” rating and set a $135.00 target price for the company in a research note on Monday, April 13th. Zacks Research upgraded shares of Teleflex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Wells Fargo & Company upped their target price on shares of Teleflex from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Teleflex from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Truist Financial reiterated a “hold” rating and issued a $143.00 target price (up from $135.00) on shares of Teleflex in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $144.00.

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Teleflex Company Profile

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Teleflex Incorporated is a diversified global provider of medical technologies, specializing in critical care and surgery. Headquartered in Wayne, Pennsylvania, the company designs, manufactures and distributes devices and solutions used by healthcare professionals in hospital, ambulatory and alternate site settings. Teleflex focuses on delivering products that support complex interventional procedures and improve patient outcomes.

The company’s offerings span several key segments, including Interventional Urology, Respiratory & Anesthesia, Surgical, Cardiac Care, Vascular and Original Equipment Manufacturer (OEM) solutions.

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