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STRYKER CORPORATION

(SYK)
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Stryker Swings to 2Q Profit as Pandemic Moderated

07/27/2021 | 04:52pm EDT

By Jeffrey T. Lewis

Stryker Corp. on Tuesday reported a profit in the second quarter, after a loss in the same period of 2020, as sales jumped while the pandemic moderated.

The Kalamazoo, Mich.-based medical technology company reported net profit of $592 million in the quarter, after a loss of $83 million in the same period a year earlier, while net sales rose 55.4% from the second quarter of last year to $4.3 billion.

The company's reported net earnings per diluted share reached $1.55, compared with a loss of $0.22 per share a year earlier, while adjusted net earnings per diluted share rose to $2.25 from $0.64 in the second quarter of 2020.

Stryker said it expects organic net sales growth for this year of 9% to 10% compared with 2019 and the company expects adjusted net earnings per diluted share to be in the range of $9.25 to $9.40 in 2021.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

(END) Dow Jones Newswires

07-27-21 1651ET

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Analyst Recommendations on STRYKER CORPORATION
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Financials (USD)
Sales 2021 17 329 M - -
Net income 2021 2 535 M - -
Net Debt 2021 9 091 M - -
P/E ratio 2021 40,9x
Yield 2021 0,78%
Capitalization 104 B 104 B -
EV / Sales 2021 6,54x
EV / Sales 2022 5,98x
Nbr of Employees 43 000
Free-Float 92,7%
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Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 276,64 $
Average target price 284,12 $
Spread / Average Target 2,70%
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Managers and Directors
Kevin A. Lobo Chairman & Chief Executive Officer
Timothy J. Scannell President & Chief Operating Officer
Glenn S. Boehnlein Chief Financial Officer & Vice President
Alan Douville Chief Information Officer & Vice President
Dana S. McMahon Chief Compliance Officer & Vice President
Sector and Competitors