Intuitive Surgical Inc (ISRG) released its first quarter results on Wednesday, April 21, 2021. The company reported net earnings of $3.51 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 34 percent compared to the same period a year ago.
Intuitive Surgical, Inc. was founded in 1995 and is headquartered in Sunnyvale, California. Intuitive Surgical, Inc., together with its subsidiaries, designs, develops, manufactures, and markets da Vinci surgical systems, and related instruments and accessories in the United States and internationally. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D HD vision systems, skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
Intuitive Surgical's revenue decreased 1 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 69.86% for the first quarter compared to the same period in the previous year, and operating margins increased to 32.26% over the same period. Net earnings for past trailing twelve months were $1.1 billion, down 15% from the prior year.
Moving on to the balance sheet, Intuitive Surgical’s cash levels jumped 39% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 77.53% this past year. The current ratio for Intuitive Surgical now stands at 8.8. The company increased shares outstanding by 1.47%.
Shares of ISRG are currently trading around $891.38. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 91.93 and price to book ratio of 10.61.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Thursday, April 22, 2021.