Medtronic Plc (MDT) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Orchestra BioMed Reports Full Year 2023 Financial Results and Provides Fourth Quarter Business Update.

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Stocks Info

Medtronic Plc is listed on the NYSE in the Healthcare sector while operating in the Medical Devices industry. The current market capitalization of Medtronic Plc is $115.72B. A total of 7.56 million shares were traded on the day, compared to an average of 6.21M shares.

In the most recent transaction, Salmon Sean sold 30,695 shares of MDT for 85.13 per share on Feb 21 ’24. After the transaction, the EVP & President Cardiovascular now owns 48,289 company shares. In a previous transaction on Dec 19 ’23, Wall Brett A. sold 4,997 shares at 82.17 per share. MDT shares that EVP & Pres Neuroscience owns now total 28,910.

Among the insiders who sold shares, Smith Gregory L disposed of 10,000 shares on Aug 23 ’23 at a per-share price of $83.84. This resulted in the EVP Global Ops & Supply Chain holding 46,723 shares of MDT after the transaction. In another insider transaction, Wall Brett A. sold 1,000 shares at $83.38 per share on Aug 14 ’23. Company shares held by the EVP & Pres Neuroscience now total 33,573.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Medtronic Plc pays an annual dividend of $2.76, resulting in a dividend yield of 3.17%, and it has a price to earnings (P/E) ratio of 27.64. MDT’s most recent ex-dividend date was 3/21/2024 when it declared a $0.69 quarterly dividend that was paid in cash on 4/12/2024. Previously, the company paid the dividend on 1/12/2024 with an ex-dividend date of 12/19/2023. The MDT stock dividend was $0.69 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MDT has a high of $92.02 and a low of $68.84.

As of this writing, MDT has an earnings estimate of $1.45 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $1.46 per share and a lower estimate of $1.44. The company reported an EPS of $1.25 in the last quarter, which was 5.90% higher than expectations of $1.18.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MDT’s latest balance sheet shows that the firm has $10.57B in Cash & Short Term Investments as of fiscal 2022. There were $24.11B in debt and $12.39B in liabilities at the time. Its Book Value Per Share was $38.95, while its Total Shareholder’s Equity was $52.72B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MDT is Buy with a score of 3.76.

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