TransMedics Group (NASDAQ:TMDX) Issues Earnings Results

TransMedics Group (NASDAQ:TMDX) issued its earnings results on Wednesday. The company reported ($0.39) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.47) by $0.08, Fidelity Earnings reports. The business had revenue of $7.21 million during the quarter, compared to analyst estimates of $6.67 million.

TMDX traded down $0.64 during midday trading on Friday, hitting $16.61. 196,200 shares of the company were exchanged, compared to its average volume of 89,326. TransMedics Group has a 1-year low of $16.30 and a 1-year high of $31.54. The business has a 50 day moving average price of $19.67. The company has a current ratio of 7.55, a quick ratio of 6.82 and a debt-to-equity ratio of 0.48.

A number of brokerages have weighed in on TMDX. Zacks Investment Research raised TransMedics Group from a “sell” rating to a “hold” rating in a report on Sunday, November 3rd. Cowen cut their price objective on TransMedics Group from $40.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. TransMedics Group has a consensus rating of “Buy” and an average target price of $33.00.

TransMedics Group Company Profile

TransMedics, Inc, a commercial-stage medical technology company, engages in transforming organ transplant therapy for end-stage organ failure patients across multiple disease states. The company offers Organ Care System (OCS), an integrated, compact, portable preservation technology that addresses unmet need for organs for transplantation.

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