Alphatec (ATEC) Set to Announce Earnings on Wednesday

Alphatec (NASDAQ:ATEC) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Alphatec to post earnings of ($0.23) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Alphatec (NASDAQ:ATEC) last issued its earnings results on Wednesday, July 24th. The medical technology company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.05). The firm had revenue of $27.32 million during the quarter, compared to analysts’ expectations of $25.37 million. Alphatec had a negative net margin of 45.29% and a negative return on equity of 211.15%. On average, analysts expect Alphatec to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NASDAQ ATEC opened at $5.70 on Wednesday. The business’s 50 day moving average price is $5.26 and its 200 day moving average price is $4.57. The firm has a market cap of $329.02 million, a P/E ratio of -9.83 and a beta of 1.43. Alphatec has a 52 week low of $1.18 and a 52 week high of $6.35. The company has a quick ratio of 1.40, a current ratio of 2.45 and a debt-to-equity ratio of 3.59.

In other Alphatec news, CFO Jeffrey G. Black sold 8,929 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $4.75, for a total value of $42,412.75. Following the sale, the chief financial officer now owns 511,862 shares in the company, valued at approximately $2,431,344.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Craig E. Hunsaker sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $5.88, for a total value of $588,000.00. Following the completion of the sale, the executive vice president now owns 811,112 shares in the company, valued at approximately $4,769,338.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 208,929 shares of company stock worth $1,167,913. Insiders own 34.32% of the company’s stock.

A number of brokerages recently commented on ATEC. Canaccord Genuity began coverage on Alphatec in a research report on Wednesday, August 28th. They issued a “buy” rating and a $7.00 target price on the stock. HC Wainwright upped their target price on Alphatec from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. BidaskClub upgraded Alphatec from a “hold” rating to a “buy” rating in a research report on Saturday. ValuEngine lowered Alphatec from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Piper Jaffray Companies began coverage on Alphatec in a research report on Monday, August 5th. They issued an “overweight” rating and a $7.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.67.

Alphatec Company Profile

Alphatec Holdings, Inc, a medical technology company, focuses on the design, development, and promotion of products for the surgical treatment of spine disorders. Its product portfolio and pipeline address the cervical, thoracolumbar, and intervertebral regions of the spine; and cover various spinal disorders and surgical procedures.

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Earnings History for Alphatec (NASDAQ:ATEC)

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