Alert: New Earnings Report (11/2/23)-Teleflex Inc (NYSE: TFX).


Teleflex Inc (NYSE: TFX) has reported earnings for its third fiscal quarter (ending September 30) of $2.93 versus $2.17 for the same period a year ago — an increase of 35%. However, this result fell short of the consensus estimate of $3.27 by $-0.34. E.P.S. were $8.62 for the latest four quarters through September 30 versus $8.79 for the same period a year ago — a decline of -2%.


Recent Price Action

On 11/2/23, Teleflex Inc (NYSE: TFX) stock enjoyed a major increase of 11.6%, closing at $209.19. Relative to the market the stock has been weak over the last nine months but has risen 12.8% during the last week.

Current PriceTarget Research Rating

TFX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Teleflex has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Teleflex has a neutral Appreciation Score of 40 and a slightly negative Power Rating of 31, producing the Negative Value Trend Rating.

Rating Review

In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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