Zacks: Analysts Expect Integer Holdings Corporation (ITGR) to Announce $0.77 EPS
Analysts expect Integer Holdings Corporation (NYSE:ITGR) to post earnings of $0.77 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Integer’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.69. Integer posted earnings of $0.87 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 11.5%. The business is expected to report its next quarterly earnings report on Monday, February 26th.
According to Zacks, analysts expect that Integer will report full year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.65. For the next financial year, analysts forecast that the company will report earnings of $3.18 per share, with EPS estimates ranging from $2.87 to $3.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Integer.
Integer (NYSE:ITGR) last issued its earnings results on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $363.31 million during the quarter, compared to analyst estimates of $354.83 million. Integer had a net margin of 1.42% and a return on equity of 11.22%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS.
A number of equities research analysts have issued reports on ITGR shares. Zacks Investment Research raised shares of Integer from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. KeyCorp reissued an “overweight” rating and set a $62.00 target price (up previously from $51.00) on shares of Integer in a research note on Monday, September 18th. Royal Bank Of Canada reissued a “hold” rating and set a $40.00 target price on shares of Integer in a research note on Friday, September 22nd. BidaskClub raised shares of Integer from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Finally, TheStreet raised shares of Integer from a “c+” rating to a “b-” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Integer has an average rating of “Hold” and an average target price of $51.00.
Shares of Integer (NYSE ITGR) traded down $0.75 during trading hours on Wednesday, hitting $47.70. 173,689 shares of the company’s stock were exchanged, compared to its average volume of 151,932. The firm has a market cap of $1,534.40, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.23 and a beta of 1.08. Integer has a 52 week low of $27.60 and a 52 week high of $55.20. The company has a quick ratio of 1.37, a current ratio of 2.58 and a debt-to-equity ratio of 1.95.
In related news, VP Thomas J. Mazza sold 23,123 shares of Integer stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.16, for a total value of $1,067,357.68. Following the completion of the sale, the vice president now owns 26,123 shares of the company’s stock, valued at approximately $1,205,837.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer M. Bolt sold 7,626 shares of Integer stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $48.22, for a total transaction of $367,725.72. Following the completion of the sale, the insider now directly owns 12,735 shares of the company’s stock, valued at approximately $614,081.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,096 shares of company stock valued at $2,614,627. 4.80% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ITGR. Meeder Asset Management Inc. raised its holdings in Integer by 411.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after acquiring an additional 1,636 shares during the period. Zions Bancorporation bought a new position in Integer in the 3rd quarter worth $174,000. Public Employees Retirement System of Ohio raised its holdings in Integer by 126.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,834 shares of the medical equipment provider’s stock worth $194,000 after acquiring an additional 2,697 shares during the period. Amalgamated Bank bought a new position in Integer in the 3rd quarter worth $212,000. Finally, Bessemer Group Inc. bought a new position in Integer in the 3rd quarter worth $220,000. Hedge funds and other institutional investors own 95.01% of the company’s stock.
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Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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