Masimo: Q3 Confirms Business Quality, Shares Still Pricey [Seeking Alpha]
Masimo Corporation (MASI)
Last masimo corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations:
masimo.com/about-masimo/investors
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Source: Seeking Alpha
Summary Masimo ( MASI ), one of the most consistent top-line growers in the medical device industry, posted excellent Q3 results buoyed by terrific gross margin expansion and yet another quarter of double-digit product revenue growth. I am increasing the midpoint of my fair value range to $90, though I see upside to $95 if growth spills over into 2019. Overall, this still means the company is expensive. However, some of CEO Joe Kianni’s commentary leaves me more confident in the long-term trajectory of the company, and I would add shares at a discount to fair value. Let’s take a look at quarterly performance, as well as the commentary on M&A that increases my confidence in leadership. Q3 Results – Product Revenue and Gross Margin Growth Masimo’s top-line number is always slightly misleading because the company enjoyed several years of revenue from Medtronic’s ( MDT ) Nellcor pulse oximetry business as a result of IP infringement. Total revenue for the quarter was up rough
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MASI
News
- Masimo to Report First Quarter 2024 Financial Results after Market Close on Tuesday, May 7Business Wire
- Will Masimo (MASI) Beat Estimates Again in Its Next Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Reasons Why You Should Retain Masimo (MASI) Stock for Now [Yahoo! Finance]Yahoo! Finance
- Masimo Founder and CEO Joe Kiani to Speak on AI at Global Patient Safety Summit in ChileBusiness Wire
- Masimo Co. (NASDAQ: MASI) was upgraded by analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating. They now have a $170.00 price target on the stock, up previously from $148.00.MarketBeat
MASI
Earnings
- 2/27/24 - Beat
MASI
Sec Filings
- 4/2/24 - Form DEFA14A
- 4/1/24 - Form DEFA14A
- 3/27/24 - Form SC
- MASI's page on the SEC website