Yesterday’s Analyst’s Downgrade: Natus Medical Inc

Natus Medical Inc (NASDAQ:BABY) received a stock rating downgrade from Raymond James on Apr-05-16. In a note to investors, the firm issued an Mkt Perform rating. The analysts previously had an Outperform rating on the stock.

Analysts have a consensus target price of $42.00 in the 12-month period. The price objective is 41.51% higher than the recent closing price of $29.68. The 52-week price range is $29.34-$51.05 and the company has a market capitalization of $953.92 billion. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. Zero analyst has rated the stock with a sell rating, 0 has assigned a hold rating, 1 says it’s a buy, and 2 have assigned a strong buy rating to the company.

Natus Medical Inc (BABY) on April 4, 2016 announced preliminary revenue for is first quarter ended March 31, 2016.

Revenue for the first quarter of 2016 is expected to be approximately $87.5 million versus previous guidance of $91.5 million to $92.5 million, excluding revenue from the Venezuela Ministry of Health contract.

“Pushouts of key orders in both our international and domestic markets led to weaker than expected revenue late in the first quarter,” said Jim Hawkins, President and Chief Executive Officer of the Company. “In addition, we did not have any revenue associated with the Venezuela Ministry of Health contract as we did not receive any prepayments during the quarter.”

First Quarter 2016 Conference Call Schedule

Natus has scheduled an investment-community conference call to discuss its financial results for the first quarter of 2016 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) Wednesday April 20, 2016. Individuals interested in listening to the conference call may do so by dialing 1-888-765-3164 for domestic callers, or 1-503-406-4075 for international callers, and entering reservation code 80936622. A telephone replay will be available for 48 hours following the conclusion of the call by dialing 1-855-859-2056 for domestic callers, or 1-404-537-3406 for international callers, and entering reservation code 80936622.

The conference call also will be available real-time via the Internet at http://investor.natus.com and a recording of the call will be available on the Company’s Web site for 90 days following the completion of the call.

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