$0.62 EPS Expected for Cantel Medical Corp. (CMD) This Quarter

Share on StockTwits

Equities research analysts expect that Cantel Medical Corp. (NYSE:CMD) will announce earnings of $0.62 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cantel Medical’s earnings. Cantel Medical posted earnings per share of $0.59 during the same quarter last year, which indicates a positive year over year growth rate of 5.1%. The firm is expected to issue its next quarterly earnings report on Thursday, March 14th.

According to Zacks, analysts expect that Cantel Medical will report full year earnings of $2.60 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will post earnings of $2.92 per share, with EPS estimates ranging from $2.90 to $2.93. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Cantel Medical.

Cantel Medical (NYSE:CMD) last released its earnings results on Thursday, November 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $225.59 million during the quarter, compared to the consensus estimate of $227.70 million. Cantel Medical had a net margin of 9.87% and a return on equity of 16.73%.

Several equities research analysts have issued reports on the company. ValuEngine lowered Cantel Medical from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Raymond James lowered their target price on shares of Cantel Medical from $115.00 to $108.00 and set an “outperform” rating on the stock in a research note on Friday, September 28th. Finally, Sidoti cut their price target on shares of Cantel Medical from $142.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 28th.

CMD stock traded down $2.58 during midday trading on Monday, reaching $76.97. The stock had a trading volume of 1,894 shares, compared to its average volume of 243,988. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 30.78 and a beta of 1.21. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. Cantel Medical has a twelve month low of $69.36 and a twelve month high of $130.92.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 17th will be paid a dividend of $0.10 per share. This is an increase from Cantel Medical’s previous Semi-Annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, January 16th. Cantel Medical’s dividend payout ratio is 6.77%.

About Cantel Medical

Cantel Medical Corp. provides infection prevention and control products and services for the healthcare market. The company's Endoscopy segment offers automated endoscope reprocessing systems; infectants and sterilants; detergents; leak testing and manual cleaning products; storage cabinets, transport systems, and mobile medical carts; manual cleaning products; endoscope process tracking products; other consumables, accessories, and supplies for use in disinfect rigid endoscopes, flexible endoscopes, and other instrumentation; and technical maintenance services.

Recommended Story: Do investors pay a separate front-end load every time they buy additional shares?

Get a free copy of the Zacks research report on Cantel Medical (CMD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cantel Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cantel Medical and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.