Integer Holdings Co. (ITGR) Forecasted to Post Q3 2017 Earnings of $0.86 Per Share
Integer Holdings Co. (NASDAQ:ITGR) – Investment analysts at Northcoast Research reduced their Q3 2017 earnings per share (EPS) estimates for Integer Holdings in a research note issued on Monday. Northcoast Research analyst D. Keiser now anticipates that the medical equipment provider will post earnings of $0.86 per share for the quarter, down from their prior forecast of $0.89. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Integer Holdings’ FY2017 earnings at $2.81 EPS.
Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Integer Holdings from a “c+” rating to a “b-” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of Integer Holdings from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $40.00 price objective on shares of Integer Holdings in a research note on Friday, September 22nd. KeyCorp reaffirmed an “overweight” rating and set a $62.00 price objective (up from $51.00) on shares of Integer Holdings in a research note on Monday, September 18th. Finally, BidaskClub raised shares of Integer Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $51.00.
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Integer Holdings (NASDAQ:ITGR) opened at 51.10 on Tuesday. Integer Holdings has a 52-week low of $18.10 and a 52-week high of $55.20. The stock has a 50 day moving average price of $50.55 and a 200 day moving average price of $44.11. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 87.80 and a beta of 1.30.
Integer Holdings (NASDAQ:ITGR) last posted its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.11). The firm had revenue of $363.00 million during the quarter, compared to analysts’ expectations of $353.68 million. During the same period in the previous year, the business posted $0.56 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in ITGR. Ameriprise Financial Inc. raised its stake in Integer Holdings by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 146,614 shares of the medical equipment provider’s stock worth $5,893,000 after buying an additional 6,975 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Integer Holdings by 3.7% in the first quarter. Parametric Portfolio Associates LLC now owns 107,633 shares of the medical equipment provider’s stock worth $4,327,000 after buying an additional 3,845 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Integer Holdings in the first quarter worth about $104,000. Envestnet Asset Management Inc. raised 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 worth $142,000 after buying an additional 2,298 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Integer Holdings by 67.0% in the first quarter. JPMorgan Chase & Co. now owns 78,138 shares of the medical equipment provider’s stock worth $3,142,000 after buying an additional 31,349 shares in the last quarter.
In related news, insider John A. Harris sold 1,261 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $45.40, for a total value of $57,249.40. Following the completion of the transaction, the insider now directly owns 2,064 shares of the company’s stock, valued at $93,705.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
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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