Market Update (NYSE:SYK): Stryker reports first quarter 2016 results

[GlobeNewswire] – Kalamazoo, Michigan – April 20, 2016 – Stryker Corporation ( NYSE:SYK ) reported operating results for the first quarter of 2016: First Quarter Highlights Net sales grew 4.9% to $2.5 billion (6.1% constant … Read more on this. Stryker Corporation (SYK) , valued at $41.32B, began trading this morning at $109.56. Today, shares have traded between $109.33 and $111.25 per share with the price of the stock fluctuating between $86.68 to $111.25 over the last 52 weeks. SYK shares are currently priced at 19.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -1.51x earnings multiple. And for income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 1.38%. According to a consensus of 27 analysts, the earnings estimate of $1.20 per share would be $0.09 better than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.68, which would be a $0.56 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.47 Billion. If realized, that would be a 3.78% increase over the year-ago quarter. More recently, Robert W. Baird downgraded SYK from Outperform to Neutral (Apr 13, 2016). Previously, Nomura Initiated SYK at to Neutral. Investors should keep in mind is that the average price target is $110.35, which is 0.72% above where the stock opened this morning. See more in (NYSE:SYK) Similar Articles: Stock Update: Stryker Corporation (NYSE:SYK) – Stryker completes the acquisition of Synergetics USA, Inc.’s Neuro Portfolio Market Update: Stryker Corporation (NYSE:SYK) – Stryker Corporation named one of Fortune magazine’s "100 Best Companies to Work For" for sixth consecutive year Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Announces Definitive Agreement to Acquire Physio-Control International, Inc. for $1.28 Billion