Globus Medical Reports Full Year and Fourth Quarter 2016 Results
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Aegis Capital Reiterates Buy on Globus Medical (GMED) Following 4Q EPS Miss
February 28, 2017 7:45 AM ESTAegis Capital reiterated a Buy rating and $31.00 price target on Globus Medical (NYSE: GMED) following the company's 4Q earnings report. Sales grew 6.3% to $151.6 million, driven by Alphatec international sales and recovery in the US market. Non-GAAP EPS of $0.31 was 2 cents short of consensus estimates. Management reiterated FY2017 guidance of $625 million (including a $5 million FX headwind) and non-GAAP EPS of... More
