Merit Medical Systems Expects Improvement In Adj. Net Income Of Over 50% By 2017

(RTTNews) - Merit Medical Systems, Inc. (MMSI) said that it expects non-GAAP earnings per share to be in the range of $0.85-$0.89 and sales of $535 million-$545 million for fiscal 2015. Analysts polled by Thomson Reuters expect the company to report earnings of $0.86 per share and revenues of $540.69 million for fiscal 2015. Analysts' estimates typically exclude special items.

It projects non-GAAP earnings per share to be in the range of $0.95-$1.01, and sales of $580 million - $590 million for fiscal 2016. Wall Street currently is looking for fiscal year 2016 earnings of $0.96 per share on annual revenues of $580.26 million.

It anticipates non-GAAP earnings per share to be between $1.10 and $1.18, and sales of $625 million -$635 million for fiscal 2017.