Profile
Sector:
HealthcareIndustry:
Medical Instruments & SuppliesCountry:
United StatesIPO:
08 March 1999Website:
http://www.utahmed.comNext earnings report:
25 October 2024Last dividends:
20 September 2024Next dividends:
N/APrice
regular market | Fri, 27 Sep 2024 13:30:00 GMTAnalysts recommendations
Institutional Ownership
UTMD Latest News
Utah Medical (UTMD) reports a 19.2% revenue decline in 2Q24, with EPS down 15.3% due to lower sales to major customers. Despite this, profit margins remained stable.
Explore why Zacks rates UTMD with a "Neutral" recommendation, being the first on Wall Street to initiate coverage on the stock. Learn about UTMD's financial stability, diverse product portfolio, and market opportunities, balanced against key challenges in the competitive medical device industry.
Utah Medical Products stock has dropped 14% and is at its lowest point this year due to ongoing lawsuits regarding its Filshie clip system. The lawsuits do pose a risk to UTMD's stock price, and a negative outcome could further impact the company's equity. Despite the risks, UTMD's long-term economics and attractive proposition in multiple markets are bullish features.
Utah Medical Products comes with high returns on capital and projected earnings growth into FY'25. The company has compounded earnings at a rate of 2.8x that of revenue since 2021. Net-net, reiterate buy, eyeing a long-term price target of $223 per share.
Utah Medical Products: Recycling Capital Well, Long-Term Gains On The Table
What type of business is Utah Medical Products?
Utah Medical Products, Inc. develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems. It also provides GESCO, an umbilical vessel catheters, including DIALY-NATE disposable peritoneal dialysis sets; PALA-NATE silicone oral protection devices; URI-CATH urinary drainage systems; NUTRI-CATH\NUTRI-LOK feeding device; PICC-NATE, a percutaneous intraepithelial central venous catheter; MYELO-NATE lumbar sampling kits; HEMO-NATE disposable filters; and catheterization procedure tray of instruments and supplies. In addition, the company offers LETZ system to excise cervical intraepithelial neoplasia and other lower genital tract lesions; loop, ball, and needle electrodes; FILTRESSE evacuators; other specialty electrodes and supplies, and gynecologic tools; Femcare trocars, cannulae, laparoscopic instruments, and accessories; and EPITOME and OptiMicro electrosurgical devices. Further, it provides Filshie Clip female surgical contraception devices; PATHFINDER PLUS, an endoscopic irrigation devices; suprapubic catheterization; LIBERTY, an urinary incontinence treatment and control systems; ENDOCURETTE, a curette for uterine endometrial tissue sampling; TVUS/HSG-Cath to assess abnormal or dysfunctional uterine bleeding and other abnormalities of uterus; and LUMIN, a tool to manipulate the uterus in laparoscopic procedures. Additionally, it offers DELTRAN, a disposable pressure transducer; high-pressure and piezo-resistive transducer assemblies; and pressure monitoring accessories, components, and other molded parts. It serves neonatal intensive care units, labor and delivery departments, women's health centers in hospitals, outpatient clinics, and physician's offices. The company was incorporated in 1978 and is headquartered in Midvale, Utah.
What sector is Utah Medical Products in?
Utah Medical Products is in the Healthcare sector
What industry is Utah Medical Products in?
Utah Medical Products is in the Medical Instruments & Supplies industry
What country is Utah Medical Products from?
Utah Medical Products is headquartered in United States
When did Utah Medical Products go public?
Utah Medical Products initial public offering (IPO) was on 08 March 1999
What is Utah Medical Products website?
https://www.utahmed.com
Is Utah Medical Products in the S&P 500?
No, Utah Medical Products is not included in the S&P 500 index
Is Utah Medical Products in the NASDAQ 100?
No, Utah Medical Products is not included in the NASDAQ 100 index
Is Utah Medical Products in the Dow Jones?
No, Utah Medical Products is not included in the Dow Jones index
When was Utah Medical Products the previous earnings report?
No data
When does Utah Medical Products earnings report?
The next expected earnings date for Utah Medical Products is 25 October 2024