In a recent bid Edwards Lifesciences Corporation [EW] faced a contemporary bid of $83.85 yielding a 6.08% incline where 0.71 million shares have exchanged hands over the last week. EW amount got a fall by -1.38% or -$1.17 versus $85.02 at the end of the prior session. This change led market cap to move at 51.44B, putting the price 62.79% below the 52-week high and -4.49% above the 52-week low. The company’s stock has a normal trading capacity of 0.71 million shares while the relative volume is 0.67.
On 7, October 2020, Edwards Lifesciences To Host Earnings Conference Call On October 21, 2020. According to news published on Yahoo Finance, Edwards Lifesciences (NYSE: EW), plans to announce its operating results for the quarter ended September 30, 2020 after the market closes on Wednesday, October 21, 2020, and will host a conference call at 5:00 p.m. ET that day to discuss those results.
Analyst Birdseye View:
The most recent analyst activity for Edwards Lifesciences Corporation [NYSE:EW] stock was on April 28, 2020, when it was Downgrade with an Equal weight rating from Wells Fargo, which also lowered its 12-month price target on the stock from $250 to $230. On April 17, 2020, SVB Leerink Upgrade an Outperform rating and boosted its price target on this stock to $270. On March 05, 2020, Citigroup Initiated a Buy rating and increased its price target to $252. On February 13, 2020, Goldman Initiated a Neutral rating and increased its price target to $253. On February 06, 2020, BTIG Research Resumed a Neutral rating. On January 10, 2020, Oppenheimer Initiated an Outperform rating and boosted its target amount on this stock to $280. On January 02, 2020, Evercore ISI Downgrade an In-line rating and improved its amount target to $324.
In the past 52 weeks of trading, this stock has oscillated between a low of $51.51 and a peak of $87.79. Right now, according to Wall Street analyst the average 12-month amount target is $86.53. At the most recent market close, shares of Edwards Lifesciences Corporation [NYSE:EW] were valued at $83.85. According to the average price forecast, investors can expect a potential return of 1.42%.
Edwards Lifesciences Corporation [NYSE:EW] most recently reported quarterly sales of 925.0 million, which represented growth of -14.90%. This publicly-traded organization’s revenue is $312,806 per employee, while its income is $75,317 per employee. This company’s Gross Margin is currently 75.00%, its Operating Margin is 18.40%, its Pretax Margin is +26.83, and its Net Margin is +24.08. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 17.73, 28.73, 27.98 and 24.53 respectively.
The Principal structure of this organization shows its whole liability to whole principal at 14.06 and the whole liability to whole assets at 10.46. It shows enduring liability to the whole principal at 13.53 and enduring liability to assets at 0.10 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 83.64 points at 1st support level, the second support level is making up to 82.27. But as of 1st resistance point, this stock is sitting at 85.93 and at 86.85 for 2nd resistance point.
Edwards Lifesciences Corporation [EW] reported its earnings at $0.34 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.17/share signifying the difference of 0.17 and 100.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.5 calling estimates for $0.44/share with the difference of 0.06 depicting the surprise of 13.60%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Edwards Lifesciences Corporation [NYSE:EW] is 3.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.68. Now if looking for a valuation of this stock’s amount to sales ratio it’s 11.39, it’s amount to book ratio is 11.76 and showing 72.79 of P/E (TTM) ratio.
The most recent insider trade was by WANG HUIMIN, CVP, Japan & Intercontinental, and it was the sale of 11733.0 shares on Oct 09. BOBO DONALD E JR, the CVP,Strategy/Corp Development, completed a sale of 13074.0 shares on Oct 09. On Oct 09, MUSSALLEM MICHAEL A, Chairman & CEO, completed a sale of 68550.0 shares.