These Analysts Cut Their Forecasts On Teleflex Following Q3 Results

Core Insights - Teleflex Incorporated reported better-than-expected earnings for Q3, with earnings per share (EPS) of $3.67, surpassing the analyst consensus estimate of $3.38 [1] - The company achieved quarterly sales of $913.021 million, exceeding the analyst consensus estimate of $892.777 million [1] - Teleflex revised its FY2025 GAAP EPS guidance down from a range of $6.73-$7.13 to $(4.42)-$(4.22) [1] Performance Commentary - The company executed well in Q3, delivering adjusted operating margin and EPS above expectations, with revenue at the midpoint of guidance, despite lower than expected order rates in the intra-aortic balloon pump portfolio [2] - Following the earnings announcement, Teleflex shares increased by 0.5%, trading at $109.07 [2] Analyst Reactions - Wells Fargo analyst Larry Biegelsen maintained an Equal-Weight rating on Teleflex and lowered the price target from $131 to $114 [4] - RBC Capital analyst Shagun Singh maintained a Sector Perform rating and reduced the price target from $135 to $120 [4]