Merit Medical Systems, Inc.

Merit Medical Systems, Inc.

MMSIยทNASDAQ

$60.65

+0.76%
HealthcareMedical - Instruments & Supplies

Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy. The company operates in two segments, Cardiovascular and Endoscopy. It provides peripheral intervention products for the diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention to treat various heart conditions. The company also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, manifold kits, and trays and packs; coated tubes and wires; and sensor components for microelectromechanical systems. In addition, it provides pulmonary products that consist of laser-cut tracheobronchial stents, over-the-wire and direct visualization delivery systems, and dilation balloons to endoscopically dilate strictures; gastroenterology products; and kits and accessories for endoscopy and bronchoscopy procedures. The company sells its products to hospitals and alternate site-based physicians, technicians, and nurses through direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers in the United States and internationally. Merit Medical Systems, Inc. was incorporated in 1987 and is headquartered in South Jordan, Utah.

At a Glance

Live Snapshot
Market Cap$3.62B
EPS2.1700
P/E Ratio27.95
Earnings Date07/29/2026
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Merit Medical Systems, Inc. Street Expectations Map

MMSI ยท NASDAQ

Wall Street analysts project that MMSI stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 95.00, with estimates ranging from a low of 78.00 to a high of 107.00.

Lowest Target
78.00
28.61%
Consensus Target
95.00
56.64%
Highest Target
107.00
76.42%

The consensus 1-year price target stands at 95.00, with estimates ranging from a low of 78.00 to a high of 107.00.

Analyst Consensus Analysis

Upside Potential

+56.6%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

30.5% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Merit Medical Systems, Inc. Forward Estimates of Revenue

MMSI ยท NASDAQ
Latest Revenue
1.51B
FY 2025
Avg Estimate
1.62B
FY 2026
Estimate Range
1.61B - 1.63B
Analyst Spread

Forward Growth Analysis

Projected Growth+6.9%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage8 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Merit Medical Systems, Inc. Forward Estimates of Net Income

MMSI ยท NASDAQ
Latest Net Income
128.49M
FY 2025
Avg Estimate
245.83M
FY 2026
Estimate Range
244.92M - 246.74M
Analyst Spread

Forward Growth Analysis

Projected Growth+91.3%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage8 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Merit Medical Systems, Inc. Forward Estimates of EPS

MMSI ยท NASDAQ
Latest EPS
2.17
FY 2025
Avg Estimate
$4.07
FY 2026
Estimate Range
$4.05 - $4.08
Analyst Spread

Forward Growth Analysis

Projected Growth+87.6%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage6 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Merit Medical Systems, Inc. Forward Estimates of EBIT

MMSI ยท NASDAQ
Latest EBIT
184.38M
FY 2025
Avg Estimate
153.20M
FY 2026
Estimate Range
152.26M - 154.15M
Analyst Spread

Forward Growth Analysis

Projected Growth-16.9%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage8 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Merit Medical Systems, Inc. Forward Estimates of EBITDA

MMSI ยท NASDAQ
Latest EBITDA
319.03M
FY 2025
Avg Estimate
290.31M
FY 2026
Estimate Range
288.52M - 292.10M
Analyst Spread

Forward Growth Analysis

Projected Growth-9.0%

Declining expectations indicate headwindsโ€”investigate whether temporary or structural issues.

Analyst Coverage8 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Merit Medical Systems, Inc. Forward Estimates of SG&A Expense

MMSI ยท NASDAQ
Latest SG&A Expense
455.21M
FY 2025
Avg Estimate
481.16M
FY 2026
Estimate Range
478.19M - 484.13M
Analyst Spread

Forward Growth Analysis

Projected Growth+5.7%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage8 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Merit Medical Systems, Inc. Insider Positioning

MMSI ยท NASDAQ

During the last 12 months, insiders have purchased $573K and sold $8.84M worth of MMSI shares, resulting in $8.27M of net selling activity.

3 Months

Bought

9.4K

573.29K

Sold

5.0K

313.04K

Net Activity

+260K

+$260K

3-6 Months

Bought

0

0.00

Sold

5.0K

450.00K

Net Activity

-450K

-$450K

6-9 Months

Bought

0

0.00

Sold

60.0K

5.19M

Net Activity

-5.2M

-$5.19M

9-12 Months

Bought

0

0.00

Sold

31.0K

2.89M

Net Activity

-2.9M

-$2.89M

Top Buyers

1
VMJ

Voigt Michel J.

Officer: Chief Human Resources Officer

2.3K sharesโ€ข1 transactions

$136K

2
LBG

Lloyd Brian G.

Officer: Chief Legal Officer, Secretary

2.0K sharesโ€ข1 transactions

$125K

3
AMG

Aronson Martha Goldberg

Director, Officer: President And Ceo

2.0K sharesโ€ข1 transactions

$121K

4
SCA

Smith Christian Adam

Officer: Chief Commercial Officer

1.6K sharesโ€ข1 transactions

$99K

5
PRJ

Parra Raul Jr.

Officer: Cfo And Treasurer

1.5K sharesโ€ข1 transactions

$92K

Top Sellers

1
LFP

Lampropoulos Fred P.

Director, Officer: Executive Chairman

70.4K sharesโ€ข6 transactions

$6.18M

2
PRJ

Parra Raul Jr.

Officer: Cfo And Treasurer

15.2K sharesโ€ข1 transactions

$1.42M

3
WLN

Ward Lynne N.

Director

10.4K sharesโ€ข3 transactions

$785K

4
PNW

Peterson Neil W.

Officer: Chief Operating Officer

5.0K sharesโ€ข1 transactions

$450K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $8.27M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.06:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$260K

Positive recent trend with net buying activity. Insiders have been accumulating shares in recent months.

Insider Participation

Moderate Buying

5 insider buyers vs. 4 sellers. More insiders buying than selling indicates positive sentiment.