Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Provides 2015 Preliminary Sales Results and Increases Adjusted Earnings Guidance

[GlobeNewswire] – Kalamazoo, Michigan – January 12, 2016 – Stryker Corporation (NYSE:SYK) announced today that preliminary results for the fourth quarter and full year 2015 were: Preliminary Fourth Quarter Highlights Net … Read more on this. Stryker Corporation (SYK) , valued at $33.36B, opened this morning at $88.03. A quick look at the market, the company’s stock traded between $87.64 and $89.10 with the price of the stock fluctuating between $86.68 to $105.34 over the last 52 weeks. Stryker (SYK) shares are currently priced at 17.13x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.42x earnings multiple for the same period. And for income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 1.73%. Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $1.55 per share, which would be $0.11 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.11 is a $0.38 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.71 Billion. If reported, that would be a 3.44% increase over the year-ago quarter. In terms of ratings, Goldman downgraded SYK from Buy to Neutral (Nov 13, 2015). Previously, Citigroup Initiated SYK at to Sell. When considering if the stock is under or overvalued, the average price target is $106.10, which is 20.53% above where the stock opened this morning. See more in (NYSE:SYK) Similar Articles: Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Corporation Announces Pricing of $750 Million Senior Notes Offering Company Update: Stryker Corporation (NYSE:SYK) – Stryker to Participate in 2015 Wells Fargo Securities Healthcare Conference Stock Update: Stryker Corporation (NYSE:SYK) – Stryker Declares a $0.345 per Share Quarterly Dividend