Edwards Lifesciences Corp (EW) Expected to Announce Quarterly Sales of $832.92 Million

Shares of Edwards Lifesciences Corp (NYSE EW) traded up 0.94% on Friday, reaching $113.08. Eight analysts have made estimates for Edwards Lifesciences Corp's earnings. Capital Fund Management S.A. raised its stake in Edwards Lifesciences Corporation by 10,543.8% in the second quarter. Equities analysts forecast that Edwards Lifesciences Corporation will post $3.78 earnings per share for the current year.

Several analysts have recently issued reports on EW shares. Zacks' sales calculations are an average based on a survey of sell-side analysts that cover Edwards Lifesciences Corp.

Edwards Lifesciences Corporation (NYSE:EW) last announced its earnings results on Tuesday, October 25th. The firm had revenue of $842.00 million for the quarter, compared to analyst estimates of $839.16 million. Edwards Lifesciences Corp had a net margin of 22.11% and a return on equity of 26.27%. The business's revenue was up 20.1% compared to the same quarter a year ago. During the same quarter past year, the business posted $0.76 EPS. Zacks downgraded the stock to "Hold" rating in Tuesday, September 22 report. SunTrust Banks, Inc. raised their price objective on Edwards Lifesciences Corporation to $14.00 and gave the company a buy rating in a report on Monday, July 17th. Stifel Nicolaus maintained the shares of EW in report on Wednesday, April 26 with "Buy" rating. Canaccord Genuity reiterated a "buy" rating and set a $150.00 target price on shares of Edwards Lifesciences Corp in a research note on Wednesday, June 28th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of "Buy" and an average target price of $120.75. The company's stock had a trading volume of 1,431,012 shares. Edwards Lifesciences Corp (NYSE:EW) has risen 15.41% since October 20, 2016 and is uptrending. The company has a 50-day moving average of $111.17 and a 200-day moving average of $111.78. The firm has a market cap of $23.88 billion, a PE ratio of 34.30 and a beta of 0.62.

WARNING: This news story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another domain, it was copied illegally and republished in violation of global trademark and copyright legislation. The original version of this news story can be read at https://stocknewstimes.com/2017/10/20/edwards-lifesciences-corp-ew-position-trimmed-by-howe-rusling-inc.html. The stock was sold at an average price of $114.68, for a total transaction of $607,804.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Larry L. Wood sold 18,960 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $108.54, for a total value of $2,057,918.40. The disclosure for this purchase can be found here. Columbus Circle Investors now owns 2,209,825 shares of the medical research company's stock valued at $220,386,000 after buying an additional 33,790 shares during the last quarter. Greenleaf Trust now owns 74,778 shares of the medical research company's stock valued at $9,015,000 after buying an additional 4,360 shares during the period.

Howe & Rusling Inc. reduced its position in Edwards Lifesciences Corp (NYSE:EW) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm now has a $155.00 target price on the medical research company's stock. Robeco Institutional Asset Management B.V. acquired a new position in shares of Edwards Lifesciences Corp in the 3rd quarter valued at $12,121,000. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of Edwards Lifesciences Corporation during the second quarter worth $140,000. Winslow Evans & Crocker Inc bought 1,729 shares as the company's stock rose 25.80% with the market. Alexandria Capital LLC raised its stake in Edwards Lifesciences Corp by 1.7% during the 2nd quarter. Shine Investment Advisory Services Inc. acquired a new stake in Edwards Lifesciences Corporation during the 2nd quarter valued at $126,000. Hedge funds and other institutional investors own 82.69% of the company's stock.

Edwards Lifesciences Corporation is a manufacturer of heart valve systems and fix products used to replace or fix a patient's diseased or defective heart valve.

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