Hospitals Scrambling to Stock Dialysis Supplies, What's Behind Baxter International's Better-Than-Expected Q4 Results, Internal Probe Reveals Baxter Overstated Annual Income, Copyright, Trademark and Patent Information. in a computerized way using software and methods developed by Consulting financial and analytical company Ankon. Baxter revenue for the twelve months ending June 30, 2020 was $11.410B, a 3.24% … See insights on Baxter International including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. BAXTER INTERNATIONAL INC. By comparing each of the eleven key metrics with the median value, we have made a generalized conclusion about the quality of the financial condition of the company. Baxter International was trucking along in 2019, with shares climbing steadily. Stock Advisor launched in February of 2002. Anticipates $500 million investment to support Advancing … Investors can probably look for some heads to roll as a result of the company's internal investigation and should expect continued volatility with the stock until the matter is put to rest. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Baxter said that the intracompany transactions in question used foreign exchange rates that weren't compliant with GAAP. This amount comprised 17.6% of Baxter's total sales. It appears that's exactly what has happened with Baxter. This statistic depicts Baxter International's net sales between 2017 and 2019, distributed by division. within the same industry, and also with the quartiles of those ratios. The primary business activity of the company is Surgical and Medical Instruments and Apparatus (SIC code 3841). Anytime the word "investigation" rears its head, it prompts concern. That word "preliminary" came with plenty of negative implications, with Baxter stock falling by more than 10% in early trading. Why? Baxter International has 50,000 employees across 38 locations and $11.36 B in annual revenue in FY 2019. Continued use of this website indicates you have read and understood our, ReadyRatios - financial reporting and statements analysis on-line, 3841 - Surgical and Medical Instruments and Apparatus, 38 - Measuring, Analyzing, And Controlling Instruments; Photographic, Medical And Optical Goods; Watches And Clocks, improved considerably (positive change of more than 1 point), improved (positive change of less than 1 point), unchanged (little or no change in score, no more than 0.11 points), deteriorated (the score has decreased by less than 1 point during the year), deteriorated considerably (the score has decreased by more than 1 point during the year). Jim Cramer: Baxter's accounting irregularities mean the stock must be sold Video at CNBC.com (Oct 29, 2019); Last Chance Trade: Baxter International Video at CNBC.com (Oct 24, 2019) Because of the investigation, Baxter won't submit its third-quarter regulatory filing to the Securities and Exchange Commission (SEC) on a timely basis. Do the numbers hold clues to what lies ahead for the stock? Find Baxter's Proxy Statement, Form 10-K filing, and Corporate Responsibility report below sorted by year. Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). Baxter International Inc. (NYSE:BAX), a leading global medical products company, today reported results for the first quarter of 2019 and increased its full-year 2019 earnings outlook. The company announced operating income of $503 million based on generally accepted accounting principles (GAAP). The comparison is performed using the eleven key financial ratios (see table above). Second quarter GAAP earnings per share (EPS) of $0.66 increased 5%; Adjusted EPS of $0.89 increased 16%. The result of the comparison may be as follows: Please note: The presented analysis does not indicate a poor or good financial position of the company, but gives its description relative to other U.S. businesses. Shipping Information. But the good times have come to a screeching halt. The financial position of Baxter International Inc. is better than that of most listed companies that submit financial statements to the U.S. Securities and Exchange Commission. Baxter's adjusted operating income in Q3 totaled $555 million, up 10% year over year. Here's why investors responded negatively to the company's Q3 update. Change during the year is calculated by comparing the resulting score of financial position within the industry with the last year's (quarter's) score. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Baxter International Inc (BAX) using our online tools. Let's conquer your financial goals together...faster. SEC Filings. For that reason, in comparison with all businesses, the Company has a higher result. The averages are calculated using the data from financial statements for the year 2019 submitted to the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The company has notified the SEC and plans to keep the agency updated about the progress of the internal investigation. Baxter International Inc. BAX reported preliminary third-quarter 2019 revenues of $2.85 billion, which missed the Zacks Consensus Estimate of $2.86 billion by … 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. He added that Baxter is "taking the steps to strengthen and enhance its internal controls, and we look forward to sharing our full financial results as soon as possible.". As a result of the analysis of the key financial ratios of the company, we have established the following. Investing in big healthcare stocks like Baxter can sometimes be viewed as a low-risk proposition. The comparison is based Company's financial ratios are compared with the median values of ratios of all companies and of companies However, any company -- no matter how big it is or what industry it's in -- can make serious mistakes. The company stated that it has begun an internal investigation into some intracompany transactions made in the past. The company ... Baxter reported revenue in the third quarter of … Calculations and summary conclusions are made Each ratio value is given a score ranging from -2 and +2 depending on its position relative to the quartiles For a detailed financial analysis please use (-2 – below the first quartile; -1 – between the first and the second quartile; Baxter (BAX) delivered earnings and revenue surprises of 9.88% and 1.91%, respectively, for the quarter ended June 2019. Most investors probably didn't care about any of Baxter's preliminary Q3 results. Baxter expects full-year 2019 GAAP EPS of $2.81 to $2.89; Adjusted EPS of $3.34 to $3.40 1. The company beat analysts' estimates with its second-quarter results and even boosted its full-year outlook. This reflected a 3% increase from the prior-year period revenue total of $2.8 billion. 2019 Annual Report and Form 10K. "ReadyRatios Financial Analysis" Returns as of 10/15/2020.
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