Earnings from Masimo Corporation [MASI] are scheduled on April 26, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
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MASI Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.88 per share on revenue of $295.22M. Taking a look at the future, the company is projected to report revenue of $297.27M at an earnings per share of $0.93 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 10.10% in revenue and 13.76% in earnings per share for the company.
MASI Stock Earnings Forecast For The Current Year
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For the full financial year, Masimo Corporation [NASDAQ:MASI] is forecasted to generate revenue of $1.2B. The figure is about $60.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $3.81 in 2021, which is $0.21 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 5.80% this year, 13.60% next year, and 11.90% annually over the next five years. With regard to sales, forecasts suggest an incline of 5.20% in current fiscal year and 10.10% over following year.
MASI Stock Price Performance
At a last check today, Masimo Corporation [NASDAQ:MASI] finished down -0.88% at $244.12. The stock’s day high price was $247.94, and its lowest was $244.28. Its price rose 0.22% in the last five days. Since the beginning of the year, Masimo Corporation’s shares are down nearly -8.23%. However, the share price is -14.30% below its one year high. The top price reached by the shares of the company was $284.86 on 01/08/21, while the 52-week low came on 03/25/21, when the shares were $217.65. In the past year, shares of the company have risen 20.70%. At 50 days, the moving average achieved is $239.71 while at 200 days, the moving average is $241.55. There were 69497.0 shares traded in the last session, down from 0.2 million in the previous session.
Masimo Corporation [NASDAQ:MASI] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 59.44, Masimo Corporation [MASI] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 35.92 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 11.80 PS value ratio is reported for the last one year of reported earnings. This is above the average return 5.89 for the industry, which means MASI offers an unattractive investment opportunity than its competitors do.
MASI Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 243.32 level, and the violation of this level will cause a further drop to 244.39 level. At the upper end, 251.71 remains a key resistance. As the stock increases, it may find resistance at 249.83. In the 14-day chart, the Relative Strength Index standing at 56.72 suggests a technical neutral stance while the MACD standing at 4.07 indicates price will increase in the next trading period. Stochastic %K at 82.26% suggests selling the stock while Percent R indicator at 22.93% suggests bullish price movement.
How much is the short interest in Masimo Corporation?
There have been a drop in short interest in the Masimo Corporation Financial stock, with short interest down by 85620.0 shares to 0.97 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.88 million shares. This 8.83% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 1.99% of the overall float in the stock, while the stock’s days to cover moved to 2.2.
How do analysts view Masimo Corporation?
In regard to the share price forecast for Masimo Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $297.00 in the next twelve months, representing almost an 17.8% growth from its recent price of $244.12. Among Masimo Corporation stock projections, $310.00 is the highest analyst target for the stock, while $283.00 is the lowest. Despite this, 9 analysts who share their consensus rating for MASI in 2021 agree that the stock is an Overweight. The latest rating change took place on 1/29/21, when Raymond James Ratings launched coverage of the stock at “Outperform” and assigned a price target of $285.0.