Medtronic plc (MDT)

NYSE: MDT · IEX Real-Time Price · USD
85.92
+0.28 (0.33%)
At close: May 17, 2024, 4:00 PM
86.22
+0.30 (0.35%)
After-hours: May 17, 2024, 7:58 PM EDT
0.33%
Market Cap 114.17B
Revenue (ttm) 32.32B
Net Income (ttm) 4.20B
Shares Out 1.33B
EPS (ttm) 3.14
PE Ratio 27.36
Forward PE 16.14
Dividend $2.76 (3.21%)
Ex-Dividend Date Mar 21, 2024
Volume 4,749,951
Open 85.83
Previous Close 85.64
Day's Range 85.10 - 86.17
52-Week Range 68.84 - 91.00
Beta 0.80
Analysts Buy
Price Target 95.33 (+10.95%)
Earnings Date May 23, 2024

About MDT

Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. Its Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves, surgical valve replacement and repair products, endovascular stent grafts and accesso... [Read more]

Industry Medical Devices
Sector Healthcare
Founded 1949
Employees 95,000
Stock Exchange NYSE
Ticker Symbol MDT
Full Company Profile

Financial Performance

In 2023, Medtronic's revenue was $31.23 billion, a decrease of -1.45% compared to the previous year's $31.69 billion. Earnings were $3.76 billion, a decrease of -25.42%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for MDT stock is "Buy." The 12-month stock price forecast is $95.33, which is an increase of 10.95% from the latest price.

Price Target
$95.33
(10.95% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Medtronic Affera™ Mapping and Ablation System with Sphere-9™ Catheter achieves endpoints for safety and efficacy, providing promising evidence for the future of atrial fibrillation treatment

HRS late breaking data: SPHERE Per-AF trial demonstrates novel all-in-one system delivers exceptional results, plus increased efficiency and improved quality of life DUBLIN and BOSTON, May 17, 2024 /P...

1 day ago - PRNewsWire

Late-breaking data show reliable performance of small-diameter defibrillation lead, the Medtronic OmniaSecure™

Global LEADR clinical trial meets safety and effectiveness objectives; results presented at Heart Rhythm 2024 and simultaneously published in Heart Rhythm DUBLIN and BOSTON , May 17, 2024 /PRNewswire/...

1 day ago - PRNewsWire

Medtronic to announce financial results for its fourth quarter and full fiscal year 2024

DUBLIN , May 9, 2024 /PRNewswire/ -- Medtronic plc (NYSE:MDT), a global leader in healthcare technology, today announced that it will report financial results for its fourth quarter and full fiscal ye...

9 days ago - PRNewsWire

Arecor and Medtronic Diabetes establish collaboration to develop a novel thermostable insulin for implantable pump delivery

Arecor Therapeutics plc (“Arecor” or the “Company”) ARECOR AND MEDTRONIC DIABETES ESTABLISH COLLABORATION TO DEVELOP A NOVEL THERMOSTABLE INSULIN FOR IMPLANTABLE PUMP DELIVERY Medtronic to fund Arecor...

9 days ago - GlobeNewsWire

Medtronic receives FDA approval for Inceptiv™ closed-loop spinal cord stimulator

Closed-loop sensing capability instantly and automatically adjusts therapy while treating chronic pain DUBLIN , April 26, 2024 /PRNewswire/ -- Medtronic plc (NYSE:MDT), a global leader in healthcare t...

22 days ago - PRNewsWire

Americans favor quality over quantity in pursuit of longevity

According to a new survey from Medtronic and Morning Consult, nearly two-thirds of U.S. adults say they'd opt for a shorter, healthier life than a longer one with health issues DUBLIN , April 17, 2024...

4 weeks ago - PRNewsWire

Cosmo and Medtronic Unveil the Future of AI in GI: Genius Summit 2024 Reveals Innovations and Collaborations That Advance Endoscopic Care

Dublin, Ireland--(Newsfile Corp. - April 12, 2024) - Cosmo Pharmaceuticals N.V. (SIX: COPN) (FSE: C43) (“Cosmo”) announces that Medtronic plc (NYSE: MDT), a global leader in healthcare technology, pre...

5 weeks ago - Newsfile Corp

This weight-loss ETF has performed well in its first five months. How does it compare with cheaper alternatives?

A new exchange-traded fund needs an edge to attract investors. This might be its industry focus — a tall order in a crowded market with ETFs covering just about any industry you can imagine.

5 weeks ago - Market Watch

Medtronic unveils the future of AI in GI: Genius Summit 2024 reveals innovations and collaborations that advance endoscopic care

AI-driven solutions and strategic alliances showcase Medtronic's promise to enhance the efficiency and effectiveness of endoscopy DUBLIN , April 10, 2024 /PRNewswire/ -- Medtronic plc (NYSE: MDT), a g...

5 weeks ago - PRNewsWire

ModMed & Medtronic Collaborate to Drive Efficiencies in Documenting Colonoscopies Using AI

BOCA RATON, Fla.--(BUSINESS WIRE)--ModMed® announced it will collaborate with Medtronic to enhance documentation of polyp detection by using AI capabilities of the GI Genius system.

5 weeks ago - Business Wire

BioCT Welcomes Mike Stow of Medtronic to Its Board of Directors

NEW HAVEN, Conn.--(BUSINESS WIRE)--BioCT, Connecticut's life sciences trade association, is thrilled to announce the appointment of Mike Stow, Vice President of Global Marketing for Robotic Surgical T...

5 weeks ago - Business Wire

OM1 and Medtronic Partner on Propel Study to Assess Long-term Outcomes for Patients With Chronic Rhinosinusitis

BOSTON--(BUSINESS WIRE)--OM1, the leading AI and insights-driven technology and data company specializing in personalized medicine, evidence generation, and real-world evidence, today announced result...

5 weeks ago - Business Wire

The Medtronic Sphere-360™ Pulse Field Ablation (PFA) catheter, a new paradigm in single-shot ablation, demonstrates impressive results in treating paroxysmal atrial fibrillation

EHRA late-breaking data: Results highlight efficacy, safety, and durability of the novel PFA catheter that is fully integrated with Affera™ Mapping and Ablation System DUBLIN and BERLIN , April 8, 202...

5 weeks ago - PRNewsWire

SMART trial one-year data demonstrates Medtronic Evolut™ TAVR platform as optimal treatment for severe aortic stenosis in patients with small annulus, which is primarily women

New data from largest head-to-head randomized control TAVR trial demonstrates non-inferior clinical outcomes and superior valve performance for Evolut TAVR compared to Sapien™ at one year DUBLIN and A...

5 weeks ago - PRNewsWire

New survey uncovers lack of awareness around heart valve disease and risk factors among women

Despite prevalence of chronic conditions associated with aortic stenosis in women over 65, the majority have never been referred to a cardiologist; Racial disparities may present further opportunities...

5 weeks ago - PRNewsWire

Medtronic announces FDA approval of newest-generation Evolut TAVR system for treatment of symptomatic severe aortic stenosis

The Evolut™ FX+ TAVR system leverages market-leading valve performance with addition of larger windows to facilitate coronary access DUBLIN , March 27, 2024 /PRNewswire/ -- Medtronic plc (NYSE: MDT), ...

7 weeks ago - PRNewsWire

Viz.ai and Medtronic Collaborate to Improve Post-Acute Stroke Patient Care in the United States

SAN FRANCISCO--(BUSINESS WIRE)-- #ai--Viz.ai, Inc., the leader in AI-powered disease detection and intelligent care coordination, today announced a strategic collaboration with Medtronic to improve th...

7 weeks ago - Business Wire

U.S. Patent Office rejects Axonics' latest challenge to Medtronic patents

Medtronic moves for patent infringement litigation to resume DUBLIN , March 21, 2024  /PRNewswire/ -- Medtronic (NYSE:MDT), the global leader in healthcare technology, today announced that the Patent ...

2 months ago - PRNewsWire

New real-world data shows MiniMed™ 780G system sustains strong global performance, exceeding international targets for diabetes management

New data presented at ATTD demonstrates the system's ability to help individuals with type 1 diabetes exceed international targets on outcome measures DUBLIN and FLORENCE, Italy , March 9, 2024 /PRNew...

2 months ago - PRNewsWire

Medtronic announces cash dividend for fourth quarter of fiscal year 2024

Board authorizes $5 billion for share repurchases DUBLIN , March 7, 2024  /PRNewswire/ -- The board of directors of Medtronic plc (NYSE: MDT) on Thursday, March 7, 2024, approved the company's cash di...

2 months ago - PRNewsWire

Medtronic EVP & CFO Karen Parkhill to participate in the Barclays healthcare conference

DUBLIN , March 5, 2024 /PRNewswire/ -- Medtronic plc (NYSE:MDT), a global leader in healthcare technology, today announced it will participate in the 26th annual Barclays global healthcare conference ...

2 months ago - PRNewsWire

What's Next For Medtronic Stock After An Upbeat Q3?

Medtronic MDT (NYSE: MDT) recently reported its Q3 fiscal 2024 results (fiscal ends in April), with revenues and earnings beating the street estimates. The company reported revenue of $8.1 billion and...

2 months ago - Forbes

Medtronic files ITC action against Axonics to stop unauthorized use of Medtronic innovations

DUBLIN , Feb. 29, 2024 /PRNewswire/ -- Medtronic (NYSE:MDT), the global leader in healthcare technology, today announced it filed a complaint with the U.S. International Trade Commission (ITC), along ...

2 months ago - PRNewsWire

Medtronic Nixes Spinoff Plans For Monitoring And Respiratory Units

Medtronic's choice to retain its PMRI Business is mainly driven by the improved performance of its Patient Monitoring segment in recent times, is a result of a comprehensive evaluation of its portfoli...

3 months ago - Forbes

Medtronic Beats Estimates and Boosts Outlook on Heart, Diabetes Device Sales

Shares of Medtronic PLC (MDT) gained Tuesday after the medical technology firm posted better-than-expected results and raised its guidance on increased demand for its heart and diabetes devices.

3 months ago - Investopedia