Zacks: Brokerages Anticipate Integer Holdings Co. (ITGR) Will Announce Quarterly Sales of $355.83 Million
Wall Street brokerages expect Integer Holdings Co. (NASDAQ:ITGR) to post $355.83 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Integer Holdings’ earnings, with the lowest sales estimate coming in at $354.60 million and the highest estimate coming in at $356.90 million. Integer Holdings reported sales of $346.57 million during the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The firm is expected to report its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Integer Holdings will report full year sales of $355.83 million for the current fiscal year, with estimates ranging from $1.42 billion to $1.43 billion. For the next year, analysts expect that the company will post sales of $1.47 billion per share, with estimates ranging from $1.46 billion to $1.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Integer Holdings.
Integer Holdings (NASDAQ:ITGR) last released its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.11. The business had revenue of $363 million for the quarter, compared to the consensus estimate of $353.68 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS.
Separately, Zacks Investment Research cut shares of Integer Holdings from a “hold” rating to a “sell” rating in a report on Monday.
In other Integer Holdings news, insider Jennifer M. Bolt sold 3,626 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $41.04, for a total value of $148,811.04. Following the completion of the transaction, the insider now directly owns 14,834 shares in the company, valued at $608,787.36. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Several hedge funds have recently bought and sold shares of ITGR. Ameritas Investment Partners Inc. bought a new stake in Integer Holdings during the first quarter valued at approximately $104,000. State of Alaska Department of Revenue boosted its stake in Integer Holdings by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,040 shares of the medical equipment provider’s stock valued at $122,000 after buying an additional 70 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Integer Holdings by 184.3% in the first quarter. Envestnet Asset Management Inc. now owns 3,545 shares of the medical equipment provider’s stock valued at $142,000 after buying an additional 2,298 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Integer Holdings by 126.2% in the first quarter. Public Employees Retirement System of Ohio now owns 4,834 shares of the medical equipment provider’s stock valued at $194,000 after buying an additional 2,697 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Integer Holdings during the first quarter valued at approximately $209,000.
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Shares of Integer Holdings (ITGR) opened at 45.30 on Tuesday. The firm has a 50-day moving average of $44.79 and a 200-day moving average of $40.49. The firm has a market cap of $1.43 billion, a P/E ratio of 77.84 and a beta of 1.30. Integer Holdings has a 12-month low of $18.10 and a 12-month high of $47.09.
Integer Holdings Company Profile
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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