Teleflex Inc reports results for the quarter ended March 31 - Earnings Summary

• Teleflex Inc TFX.N reported quarterly adjusted earnings of $2.91​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $3.21. The mean expectation of thirteen analysts for the quarter was for earnings of $2.87 per share. Wall Street expected results to range from $2.71 to $3.18 per share.

• Revenue fell 5% to $700.67 million from a year ago; analysts expected $699.32 million.

• Teleflex Inc's reported EPS for the quarter was $2.07​.

• The company reported quarterly net income of $95 million.

• Teleflex Inc shares had fallen by 0.8% this quarter and lost 23.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "hold"

• Wall Street's median 12-month price target for Teleflex Inc is $150.00

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)