Medtronic plc (MDT)

NYSE: MDT · IEX Real-Time Price · USD
77.37
+0.25 (0.32%)
At close: Jul 2, 2024, 4:00 PM
77.00
-0.37 (-0.48%)
After-hours: Jul 2, 2024, 7:59 PM EDT
0.32%
Market Cap 99.21B
Revenue (ttm) 32.36B
Net Income (ttm) 3.68B
Shares Out 1.28B
EPS (ttm) 2.76
PE Ratio 28.03
Forward PE 14.47
Dividend $2.80 (3.62%)
Ex-Dividend Date Jun 28, 2024
Volume 4,977,962
Open 76.85
Previous Close 77.12
Day's Range 76.51 - 77.50
52-Week Range 68.84 - 91.00
Beta 0.84
Analysts Hold
Price Target 93.00 (+20.2%)
Earnings Date Aug 20, 2024

About MDT

Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. The 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 2024, Medtronic's revenue was $32.36 billion, an increase of 3.64% compared to the previous year's $31.23 billion. Earnings were $3.68 billion, a decrease of -2.18%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for MDT stock is "Hold." The 12-month stock price forecast is $93.0, which is an increase of 20.20% from the latest price.

Price Target
$93.0
(20.20% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Medtronic Digital Transformation Strategy Report 2024: Accelerators, Incubators, and Other Innovation Programs

Dublin, July 01, 2024 (GLOBE NEWSWIRE) -- The "Medtronic Plc - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering. The report provides comprehensive...

1 day ago - GlobeNewsWire

Medtronic announces departure of Karen Parkhill, Chief Financial Officer

DUBLIN , June 26, 2024 /PRNewswire/ -- Medtronic plc (NYSE: MDT), a global leader in healthcare technology, today announced that Karen Parkhill will resign as executive vice president and chief financ...

6 days ago - PRNewsWire

New MiniMed™ 780G system data demonstrates ability to address persistent blood sugar challenges for people with type 1 diabetes

With its advanced algorithm that provides autocorrections every 5 minutes, the latest data demonstrated that the MiniMed™ 780G system decreased rates of early morning hyperglycemia, known as dawn phen...

11 days ago - PRNewsWire

Sempra Appoints Jennifer M. Kirk to Board of Directors

SAN DIEGO , June 20, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced the appointment of Jennifer M. Kirk to the company's board of directors effective June 20, 2024.

Other symbols: SRE
12 days ago - PRNewsWire

BetterInvesting™ Magazine Update on Amphastar Pharmaceuticals Inc. and Medtronic PLC

TROY, Mich. , June 14, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Amphastar Pharmaceuticals Inc. (NASDAQ: AMPH) as its "Sto...

Other symbols: AMPH
18 days ago - PRNewsWire

Wall Street's Most Accurate Analysts Spotlight On 3 Health Care Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash ...

Other symbols: JNJRPRX
20 days ago - Benzinga

Medtronic chairman and CEO Geoff Martha to speak at Goldman Sachs global healthcare conference

DUBLIN , June 6, 2024  /PRNewswire/ -- Medtronic plc (NYSE:MDT), a global leader in healthcare technology, today announced it will participate in the 45th annual Goldman Sachs global healthcare confer...

26 days ago - PRNewsWire

With Less Than 10% Contribution To Sales How Important Is The Diabetes Segment For Medtronic Stock?

Medtronic's (NYSE: MDT) diabetes segment, which sells insulin pumps, continuous glucose monitoring systems, and consumables has seen its revenue rise at a slower pace of 1.4% annually from $2.4 billio...

26 days ago - Forbes

Medtronic announces closing of public offering of €3.0 billion of senior notes

DUBLIN , June 3, 2024 /PRNewswire/ -- Medtronic plc (the "Company") (NYSE: MDT) announced today that its wholly-owned indirect subsidiary, Medtronic, Inc., has closed a registered public offering (the...

4 weeks ago - PRNewsWire

Medtronic announces pricing of €3.0 billion of senior notes

DUBLIN , May 29, 2024 /PRNewswire/ -- Medtronic plc (the "Company") (NYSE: MDT) announced today that its wholly-owned indirect subsidiary, Medtronic, Inc., has priced an offering (the "Offering") of €...

4 weeks ago - PRNewsWire

Medtronic Q4 earnings: ‘we're optimistic about fiscal 2025'

Medtronic PLC (NYSE: MDT) is in focus on Thursday after reporting market-beating financial results for its fourth quarter.  Medtronic issues in-line guidance The stock is flat at writing because $MDT ...

5 weeks ago - Invezz

Medtronic's stock rises after earnings beat expectations and the dividend was raised

Shares of Medtronic PLC MDT, +0.69% rallied 1.3% in premarket trading Thursday, after the medical device and therapies company reported fiscal fourth-quarter profit and revenue that rose above expecta...

5 weeks ago - Market Watch

Medtronic beats quarterly profit estimates on medical devices strength

Health tech firm Medtronic beat Wall Street estimates for quarterly profit on Thursday, aided by a post-pandemic pickup in surgical volumes at hospitals that boosted demand for its medical devices.

5 weeks ago - Reuters

Medtronic reports full year and fourth quarter fiscal 2024 financial results; announces dividend increase

Broad-based, durable growth across the company, including Cranial & Spinal Technologies, Diabetes, Cardiac Pacing, Surgical, and Structural Heart; gaining momentum as company enters new product cycles...

5 weeks ago - PRNewsWire

Will Medtronic Stock See Higher Levels Post Q4 Results After 5% Gains This Year?

Medtronic (NYSE: MDT) is scheduled to report its fiscal 2024 fourth-quarter results on Thursday, May 23 (fiscal ends in April). We expect Medtronic Medtronic stock to trade sideways post-Q4 results an...

6 weeks ago - Forbes

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...

6 weeks 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/...

6 weeks 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...

7 weeks 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...

7 weeks 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...

2 months 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...

2 months 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...

2 months 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.

2 months 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...

2 months 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.

2 months ago - Business Wire