Here's Why You Should Hold On To Masimo (MASI) Stock Now
Zacks Investment Research | Nov 20, 2019 08:08PM ET
Masimo Corporation (NASDAQ:MASI) is likely to gain from solid third-quarter 2019 results and a slew of positive developments. However, the company has been experiencing weakness in its Royalty and Other revenues for a couple of quarters now.
In a year’s time, shares of Masimo have rallied 50.5% compared with the industry ’s 13.4% rise. Meanwhile, the S&P 500 Index has risen 19.5%.
With a market capitalization of $8.17 billion, Masimo develops, manufactures and markets a family of non-invasive monitoring systems. The company’s earnings are anticipated to grow 23% over the next five years. In the trailing four quarters, it delivered an average positive earnings surprise of 7.9%.
Let’s delve deeper into the factors that substantiate Masimo’s Zacks Rank #3 (Hold).
Factors to Boost Masimo
In the recently reported third quarter, Masimo delivered a positive earnings surprise of 7%.
Notably, the company delivered adjusted earnings per share (EPS) of 76 cents, which surpassed the Zacks Consensus Estimate of 71 cents. Earnings improved from the year-ago quarter by 26.7%.
Masimo Corporation Price and Consensus
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Conmed has a long-term earnings growth rate of 17%.
Cardinal Health has a long-term earnings growth rate of 6.2%.
DENTSPLY SIRONA has a long-term earnings growth rate of 11.6%.
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