Teleflex Incorporated (NYSE:TFX) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TFX to report 3Q20 income of $ 2.24 per share.
For the full year, analysts anticipate top line of $ 2540.86 million, while looking forward to income of $ 10.20 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,764.00 million ~ $ 2,790.00 million, where as bottomline are predicted in a range of $ 12.50 ~ $ 12.70 per share
Click Here For More Historical Outlooks Of Teleflex Incorporated
Previous Quarter Performance
Teleflex Incorporated posted income for the second quarter of $ 1.93 per share, from the revenue of $ 567.03 million. The quarterly earnings declined 27.44 percent while revenues contracted 13.10 percent compared with the same quarter last year.
Street analysts expected Teleflex Incorporated to report income of $ 1.25 per share on revenue of $ 537.89 million for the second quarter. The bottom line results beat street analysts by $ 0.68 or 54.40 percent, at the same time, top line results outshined analysts by $ 29.14 million or 5.42 percent.
Stock Performance
Shares of Teleflex Incorporated traded low $ -16.43 or -4.67 percent on Wednesday, reaching $ 335.03 with volume of 281.40 thousand shares. Teleflex Incorporated has traded high as $ 346.33 and has cracked $ 334.82 on the downward trend
According to the previous trading day, closing price of $ 335.03, representing a 58.84 % increase from the 52 week low of $ 221.27 and a 14.13 % decrease over the 52 week high of $ 409.27.
The company has a market capital of $ 15.58 billion and is part of the Healthcare sector and Medical Instruments & Supplies industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.34 per share on July 30, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Conference Call
Teleflex Incorporated will be hosting a conference call at 8:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.teleflex.com
Teleflex Incorporated designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. It offers vascular access products that comprise Arrow branded catheters and related devices, including catheter positioning systems for use in the administration of intravenous medications and other therapies, the measurement of blood pressure, and the withdrawal of blood samples through a single puncture site; and devices for treating coronary and peripheral vascular disease. The company also provides interventional access products that are used in dialysis, oncology, and critical care therapies; and cardiac care products, such as diagnostic and intra-aortic balloon catheters, and capital equipment.
