Teleflex Inc (NYSE: TFX) has reported earnings for its first fiscal quarter (ending March 31) of $0.33 versus $1.65 for the same period a year ago — a decline of -80%. Relative to the consensus estimate of $3.42, this was a shortfall of $-3.09. For the latest four quarters through March 31, E.P.S. were $6.29 versus $7.74 for the same period a year ago — a decline of -19%.
Recent Price Action
Teleflex Inc (NYSE: TFX) stock closed at $198.73 on 5/2/24 after a large decline of -6.1%. Moreover, trading volume in this decline was exceptionally high at 222% of normal. The stock has performed in line with the market over the last nine months and has declined -5.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TFX is expected to continue to be an important Value Builder.
Teleflex has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Teleflex has a neutral Power Rating of 46 and a neutral Appreciation Score of 45, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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