Equities research analysts expect that K2M Group Holdings Inc (NASDAQ:KTWO) will post ($0.21) earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for K2M Group’s earnings, with estimates ranging from ($0.22) to ($0.20). K2M Group also posted earnings per share of ($0.21) in the same quarter last year. The company is scheduled to announce its next quarterly earnings report on Tuesday, August 7th.

On average, analysts expect that K2M Group will report full year earnings of ($0.73) per share for the current fiscal year, with EPS estimates ranging from ($0.80) to ($0.66). For the next year, analysts expect that the firm will post earnings of ($0.49) per share, with EPS estimates ranging from ($0.62) to ($0.44). Zacks’ earnings per share averages are an average based on a survey of research firms that follow K2M Group.

K2M Group (NASDAQ:KTWO) last issued its earnings results on Tuesday, May 1st. The medical device company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.04). K2M Group had a negative net margin of 14.27% and a negative return on equity of 15.38%. The firm had revenue of $67.90 million during the quarter, compared to analyst estimates of $66.02 million. During the same quarter last year, the business posted ($0.26) earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of K2M Group in a research note on Thursday, May 31st. They issued an “overweight” rating and a $28.00 target price for the company. BidaskClub upgraded shares of K2M Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 24th. ValuEngine upgraded shares of K2M Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $23.00 target price on shares of K2M Group in a research note on Wednesday, May 2nd. Finally, Oppenheimer set a $24.00 target price on shares of K2M Group and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $24.82.

NASDAQ:KTWO traded down $0.01 during mid-day trading on Friday, hitting $22.50. The stock had a trading volume of 443,964 shares, compared to its average volume of 380,784. K2M Group has a twelve month low of $16.44 and a twelve month high of $25.99. The company has a current ratio of 2.79, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

Hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP acquired a new stake in K2M Group during the first quarter worth approximately $190,000. Teacher Retirement System of Texas acquired a new stake in K2M Group during the fourth quarter worth approximately $213,000. Natixis Advisors L.P. acquired a new stake in K2M Group during the first quarter worth approximately $229,000. Oppenheimer Asset Management Inc. lifted its position in K2M Group by 18.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 19,285 shares of the medical device company’s stock worth $366,000 after acquiring an additional 2,942 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in K2M Group during the fourth quarter worth approximately $350,000.

About K2M Group

K2M Group Holdings, Inc, a medical device company, provides spine and minimally invasive solutions in the United States and internationally. The company offers implants, disposables, and instruments primarily to hospitals for use by spine surgeons to treat spinal pathologies, such as deformity, trauma, and tumor.

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Earnings History and Estimates for K2M Group (NASDAQ:KTWO)

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