Integer Holdings Co. (ITGR) Expected to Post Quarterly Sales of $356.33 Million
Analysts expect Integer Holdings Co. (NASDAQ:ITGR) to announce sales of $356.33 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Integer Holdings’ earnings, with the highest sales estimate coming in at $356.90 million and the lowest estimate coming in at $356.00 million. Integer Holdings posted sales of $346.57 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The company is expected to announce its next earnings results after the market closes on Thursday, October 26th.
According to Zacks, analysts expect that Integer Holdings will report full year sales of $356.33 million for the current fiscal year, with estimates ranging from $1.42 billion to $1.43 billion. For the next fiscal 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 research analysts that cover Integer Holdings.
Integer Holdings (NASDAQ:ITGR) last released its earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.11). The firm had revenue of $363.00 million during the quarter, compared to analyst estimates of $353.68 million. During the same period last year, the business posted $0.56 EPS. The company’s revenue was up 4.2% on a year-over-year basis.
Several equities analysts have recently commented on the company. TheStreet raised Integer Holdings from a “c+” rating to a “b-” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised Integer Holdings from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. KeyCorp reaffirmed an “overweight” rating and issued a $62.00 price target (up previously from $51.00) on shares of Integer Holdings in a research note on Monday, September 18th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $40.00 price target on shares of Integer Holdings in a research note on Friday, September 22nd. Finally, Northcoast Research lowered Integer Holdings from a “buy” rating to a “neutral” rating in a research note on Monday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Integer Holdings has an average rating of “Hold” and an average target price of $51.00.
In related news, insider John A. Harris sold 1,261 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $45.40, for a total transaction of $57,249.40. Following the transaction, the insider now owns 2,064 shares of the company’s stock, valued at approximately $93,705.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Integer Holdings by 47,202.7% during the 1st quarter. BlackRock Inc. now owns 3,523,578 shares of the medical equipment provider’s stock worth $141,648,000 after acquiring an additional 3,516,129 shares in the last quarter. Vanguard Group Inc. lifted its stake in Integer Holdings by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,790,328 shares of the medical equipment provider’s stock worth $120,682,000 after acquiring an additional 71,154 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Integer Holdings by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,634,486 shares of the medical equipment provider’s stock valued at $113,942,000 after purchasing an additional 236,329 shares in the last quarter. LSV Asset Management raised its position in Integer Holdings by 126.1% in the 2nd quarter. LSV Asset Management now owns 1,411,563 shares of the medical equipment provider’s stock valued at $61,050,000 after purchasing an additional 787,354 shares in the last quarter. Finally, Northern Trust Corp raised its position in Integer Holdings by 8.1% in the 2nd quarter. Northern Trust Corp now owns 807,529 shares of the medical equipment provider’s stock valued at $34,925,000 after purchasing an additional 60,374 shares in the last quarter.
Integer Holdings (NASDAQ ITGR) traded down 0.39% during mid-day trading on Tuesday, hitting $50.90. The stock had a trading volume of 49,923 shares. Integer Holdings has a one year low of $18.10 and a one year high of $55.20. The company has a market cap of $1.61 billion, a PE ratio of 87.46 and a beta of 1.30. The firm’s 50-day moving average price is $50.55 and its 200 day moving average price is $44.11.
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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