Teleflex Incorporated ($TFX) Stock Forecast: Down 3.5% Today

What is Teleflex Incorporated?

Teleflex (TFX) is a surgical equipment maker that has been experiencing fluctuations in its stock price recently.

Why is Teleflex Incorporated going down?

TFX stock is down 3.5% on Aug 1, 2024 14:49

• The bearish movement in TFX stock today could be attributed to profit-taking by investors after a series of positive news and earnings reports.
• Despite raising its profit forecast and surpassing earnings estimates, investors may have been expecting even better results, leading to a sell-off.
• The authorization for a significant share buyback program may have initially boosted the stock but was not enough to sustain the bullish momentum in the face of broader market pressures.
• Overall, the market reaction to TFX today seems to reflect a classic case of "buy the rumor, sell the news" behavior among investors.

TFX Price Chart

TFX News

Teleflex raises 2024 profit forecast on medical device demand

(Reuters) - Surgical equipment maker Teleflex raised its annual profit forecast on Thursday, banking on resilient demand for certain surgical procedur…

https://kfgo.com/2024/08/01/teleflex-raises-2024-profit-forecast-on-medical-device-demand/

Teleflex ( TFX ) Q2 Earnings Surpass Estimates

Teleflex (TFX) delivered earnings and revenue surprises of 2.70% and 1.79%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2313823/teleflex-tfx-q2-earnings-surpass-estimates

ROUNDUP: Teleflex Authorized To Buy Back Up To $500 Mln Of Shares; Improves Outlook

WASHINGTON (dpa-AFX) - (Adds Outlook, share buyback)Teleflex Incorporated (TFX) said its Board has authorized a share repurchase of up to $500 million, including a $200 million accelerated share r…

https://www.finanznachrichten.de/nachrichten-2024-08/62884067-roundup-teleflex-authorized-to-buy-back-up-to-dollar-500-mln-of-shares-improves-outlook-020.htm

Teleflex Schedules Q2 Financial Results Conference Call

Teleflex (TFX) has issued an announcement. The Company has announced an upcoming conference call on August 1, 2024, to present its financial result…

https://www.tipranks.com/news/company-announcements/teleflex-schedules-q2-financial-results-conference-call

Teleflex Inc Q2 Profit Decreases, But Beats Estimates

WASHINGTON (dpa-AFX) - Teleflex Inc (TFX) revealed a profit for second quarter that decreased from last year but beat the Street estimates.The company''s bottom line came in at $80.038 million, or …

https://www.finanznachrichten.de/nachrichten-2024-08/62883613-teleflex-inc-q2-profit-decreases-but-beats-estimates-020.htm

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Teleflex Incorporated Price History

14.05.2023 - TFX Stock was up 4.4%

• TFX had a strong bullish movement today.
• The FDA approval of TFX's Arrow EZ-IO Needle and Wattson Temporary Pacing Guidewire may have contributed to the bullish movement.
• The selling of TFX shares by Teacher Retirement System of Texas did not have a significant impact on the market movement.

22.01.2024 - TFX Stock was down 5.3%

• Despite exceeding earnings and revenue expectations and providing positive guidance, the stock saw a decline.
• The decrease in Q4 profit, despite surpassing estimates, may have influenced market sentiment negatively.
• Concerns may arise regarding the company's dividend sustainability, as the quarterly dividend was set at 34 cents a share.
• The upcoming conference call scheduled for February 22 to review quarterly and annual financial results could offer additional insights into the company's performance and future prospects, potentially impacting the stock further.

02.10.2023 - TFX Stock was up 9.1%

• Teleflex reported higher net income and revenue for the third quarter, beating estimates.
• The company announced a quarterly cash dividend, indicating confidence in its financial performance.
• The positive earnings report and dividend announcement likely contributed to the bullish market movement for TFX.
• Investors may have been pleased with the company's performance and optimistic about its future growth prospects.

03.05.2024 - TFX Stock was up 3.3%

• The successful commercialization of Teleflex's UroLift in Japan is boosting market share, highlighting strong potential for revenue growth.
• The expansion of this therapy for men with BPH (Benign Prostatic Hyperplasia) presents promising market opportunities for Teleflex, bolstering investor confidence and a bullish trend in the stock.
• Despite macroeconomic challenges like global economic uncertainties, Teleflex's strategic progress in the healthcare sector is outshining these concerns and fueling the bullish market movement of TFX.

04.04.2023 - TFX Stock was down 7.1%

• Today, TFX had a strong bearish movement. Here's why:
• TFX reported a decline in Q1 income, missing the Street estimates, which could have led to a negative sentiment among investors.
• However, TFX beat Q1 top and bottom line estimates and updated its FY23 outlook, which could have provided some support to the stock.
• The news about the UroLift® System facilitating long-term outcomes for BPH patients might not have had a significant impact on TFX's stock movement.
• Overall, the mixed earnings report and guidance update could have been the main drivers of TFX's bearish movement today.

18.06.2024 - TFX Stock was down 5.6%

• The downtrend in TFX stock could be linked to investor speculation about the upcoming second-quarter financial results conference call.
• There appears to be investor hesitancy or doubt regarding the operational update that will be provided during the call, resulting in a sell-off of TFX shares.
• Market participants may be responding to potential guidance or performance clues teased in the announcement, prompting some investors to proceed with caution and sell their Teleflex Incorporated holdings.
• Some investors may have been anticipating more positive developments or news from the conference call announcement, and the absence of such information could have contributed to the downward pressure on TFX stock.

01.07.2024 - TFX Stock was down 3.5%

• The bearish movement in TFX stock today could be attributed to profit-taking by investors after a series of positive news and earnings reports.
• Despite raising its profit forecast and surpassing earnings estimates, investors may have been expecting even better results, leading to a sell-off.
• The authorization for a significant share buyback program may have initially boosted the stock but was not enough to sustain the bullish momentum in the face of broader market pressures.
• Overall, the market reaction to TFX today seems to reflect a classic case of "buy the rumor, sell the news" behavior among investors.