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St. Jude Medical, Inc. (STJ)

- NYSE
  • Thu, Apr. 30, 10:10 AM
    • The FDA approves St. Jude Medical's (STJ -1.6%) Protege MRI spinal cord stimulation (SCS) system, and MRI compatibility of the 60cm Octrode percutaneous leads for use with the device, for the treatment of chronic pain.
    • The Protege MRI is the smallest MR-conditional SCS implantable pulse generator (IPG) available in the U.S. and the only upgradeable IPG that allows patients to safely undergo head and extremity MRI scans.
    • SCS therapy uses a small implanted generator to deliver electrical pulses to the spinal column via leads with electrodes. The pulses mask or interrupt pain signals as they travel up the spinal column to the brain thereby reducing the sensation of pain.
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  • Tue, Apr. 28, 1:31 PM
    • DaVita Healthcare Partners (DVA -0.2%) upgraded to Outperform with a $95 (14% upside) by Baird.
    • St. Jude Medical (STJ +0.5%) upgraded to Outperform with a $84 (15% upside) price target by Credit Suisse.
    • Omnicare (OCR -0.3%) downgraded to Sector Perform with a $82 (5% downside risk) price target by RBC Capital and to Neutral by Credit Suisse with a $91 (6% upside) price target.
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  • Wed, Apr. 22, 8:10 AM
    • St. Jude Medical (NYSE:STJ) Q1 results ($M): Total Revenues: 1,345 (-1.3%); U.S.: 681 (+5.7%); Intl: 664 (-7.6%); ICD: 411 (-5.7%); Pacemakers: 232 (-7.6%); AF: 270 (+7.6%); Cardiovascular: 324 (-0.6%); Structural Heart: 147 (-4.5%); Vascular: 177 (+2.9%); Neuromodulation: 108 (+9.1%).
    • Net Income: 262 (+5.2%); EPS: 0.93 (+8.1%).
    • Q2 Guidance: Revenues: $1.370B - 1.395B; GAAP EPS: $0.86 - 0.88; Non-GAAP EPS: $0.99 - 1.01.
    • 2015 Guidance: Revenues: $5.440B - 5.515B from $5.45B - 5.55B; GAAP EPS: $3.54 - 3.59 from $3.50 - 3.55; Non-GAAP EPS: $3.92 - 3.97 from $3.95 - 4.00.
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  • Wed, Apr. 22, 7:17 AM
    • St. Jude Medical (NYSE:STJ): Q1 EPS of $0.93 beats by $0.02.
    • Revenue of $1.35B (-0.7% Y/Y) beats by $30M.
    • Press Release
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  • Tue, Apr. 21, 5:30 PM
  • Mon, Apr. 20, 1:07 PM
    • St. Jude Medical (STJ +0.8%) exercises its option to acquire Menlo Park, CA-based Spinal Modulation for $175M plus additional payments based on FDA clearance of the Axium Neurostimulator System and the achievement of certain revenue targets.
    • The company has had a relationship with Spinal Modulation since January 2013, when it secured exclusive rights to distribute Axium in ex-U.S. territories. It also made a $40M equity investment in the intraspinal neuromodulation therapy firm.
    • St. Jude expects to complete the transaction this quarter.
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  • Tue, Feb. 24, 9:43 AM
    • The FDA grants 510(k) clearance to privately-held Bioness' StimRouter, an implantable neuromodulation device for the treatment of chronic pain of peripheral nerve origin. It is the first implanted device with a specific indication for peripheral nerve stimulation.
    • The system consists of an implanted lead , an external pulse transmitter and conductive electrode and a small hand-held wireless control unit.
    • Bioness is yet another medical products firm started by serial entrepreneur Al Mann, the force behind Second Sight Medical Products (EYES +21.3%), MannKind (MNKD -1%), Advanced Bionics and MiniMed.
    • Neuromodulation-related tickers: (MDT -0.3%)(STJ -1.9%)(BSX)(NURO)
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  • Fri, Feb. 20, 2:48 PM
    • St. Jude Medical (NYSE:STJ) declares $0.29/share quarterly dividend, 7.4% increase from prior dividend of $0.27.
    • Forward yield 1.71%
    • Payable April 30; for shareholders of record March 31; ex-div March 27.
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  • Wed, Jan. 28, 7:57 AM
    • St. Jude Medical (NYSE:STJ) Q4 results ($M): Revenues: 1,439 (+1.2%), International: 761 (-2.6%), U.S.: 678 (+5.8%); ICD: 426 (-3.6%); Pacemakers: 259 (-1.5%); AF: 283 (+12.3%); Cardiovascular: 347 (-0.9%); Neuromodulation: 124 (+7.8%).
    • COGS: 425 (-1.2%); R&D Expense: 175 (-5.9%); SG&A Expense: 457 (-3.8%); Net Income: 245 (+99.2%); EPS: 0.84 (+100.0%); Quick Assets: 1,442 (+5.0%).
    • Gross Profit: 1,014 (+2.2%); COGS: 29.5% (-2.3%); Gross Margin: 70.5% (+1.0%); Operating Earnings: 382 (+15.4%); Operating Earnings Yield: 26.5% (+14.0%); Net Earnings Yield: 17.0% (+96.8%).
    • 2015 Guidance: EPS: $3.50 - 3.55; Non-GAAP EPS: $3.95 - 4.00; Revenues: $5.45B - 5.55B.
    • Q1 Guidance: EPS: $0.77 - 0.70; Non-GAAP EPS: $0.90 - 0.92; Revenues: $1.305B - 1.320B.
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  • Wed, Jan. 28, 7:17 AM
    • St. Jude Medical (NYSE:STJ): Q4 EPS of $1.03 in-line.
    • Revenue of $1.44B (+1.4% Y/Y) in-line.
    • Press Release
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  • Tue, Jan. 27, 5:32 PM
    • The FDA approves St. Jude Medical's (NYSE:STJ) FlexAbility Ablation Catheter for the treatment of cardiac arrhythmias. The product has a flexible tip which enables it to better conform to the cardiac anatomy.
    • It received CE Mark approval in Europe last year.
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  • Tue, Jan. 27, 5:30 PM
  • Wed, Jan. 14, 9:56 AM
    • St. Jude Medical (STJ +1.1%) announces preliminary revenues for Q4 and its authorization of a $500M share repurchase program.
    • Q4: Net sales: ~$1.439B; CRM: $685M, ICD: $426M, Pacemakers: $259M; Atrial fibrillation: $283M; Cardiovascular: $347M, Structural Heart: $159M, Vascular: $188M; Neuromodulation: $124M.
    • The company will report final results on January 28 before the open.
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  • Tue, Jan. 6, 8:13 PM
    • St. Jude Medical (NYSE:STJ) will report Q4 and full-year results on January 28 before the open. The conference call will begin at 7:00 am CT/8:00 am ET.
    • Consensus views for Q4 and 2014 are EPS of $1.03 and $3.98 on revenues of $1.44B and $5.62B, respectively.
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  • Dec. 11, 2014, 8:21 AM
    • St. Jude Medical's (NYSE:STJ) Quadra Allure MP cardiac resynchronization therapy pacemaker (CRT-P) is now CE Mark-approved in Europe. The Quadra Allure MP is the only quadripolar CRT-P with the MultiPoint Pacing option, which has been shown to enhance patients' responses to CRT.
    • The product is designed to work with the Quartet LV lead which has four electrodes, enabling more flexibility in pacing configurations.
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  • Nov. 24, 2014, 3:43 PM
    • Twenty-two spinoffs have been completed in 2014, the most in a decade, and another 28 have been announced. Among the catalysts are activist investors, so Credit Suisse screened for companies with multiple business segments, slow growth, and stocks trading for lower multiples than peers, in other words, "good, quality companies that are struggling to grow."
    • The list is heavy on big media names like Time Warner (NYSE:TWX) and Twenty-First Century Fox (NASDAQ:FOXA), big tech like Oracle (NYSE:ORCL), Symantec (NASDAQ:SYMC), and IBM, and big industry like Lockheed Martin (NYSE:LMT), Ingersoll-Rand (NYSE:IR), and Raytheon (NYSE:RTN), but just two financial names - Travelers (NYSE:TRV) and Torchmark (NYSE:TMK).
    • The rest: MO, CA, WU, DPS, PBI, SJM, HRS, SWK, EMR, WLP, MAT, GE, SNA, LLL, ITW, STJ, PDCO, HPQ, DLPH, HAS, NAVI, GME, CBS, JNJ, SLB.
    | 18 Comments
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Company Description
St Jude Medical Inc develops, manufactures and distributes cardiovascular medical devices for global cardiac rhythm management, cardiovascular, atrial fibrillation therapy areas and neurostimulation medical devices for the management of chronic pain.