Integer Holdings Co. (ITGR) Expected to Announce Earnings of $0.77 Per Share

Analysts predict that Integer Holdings Co. (NYSE:ITGR) will post earnings of $0.77 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Integer’s earnings, with estimates ranging from $0.69 to $0.81. Integer posted earnings of $0.87 per share during the same quarter last year, which would suggest a negative year over year growth rate of 11.5%. The firm is expected to report its next quarterly earnings results on Monday, February 26th.

On average, analysts expect that Integer will report full-year earnings of $2.62 per share for the current financial 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’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Integer.

Integer (NYSE:ITGR) last released its quarterly earnings data 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 firm had revenue of $363.31 million during the quarter, compared to analysts’ expectations of $354.83 million. Integer had a return on equity of 11.22% and a net margin of 1.42%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share.

ITGR has been the subject of a number of research reports. Royal Bank of Canada reissued a “hold” rating and set a $40.00 price objective on shares of Integer in a research report on Friday, September 22nd. BidaskClub raised Integer from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. TheStreet raised Integer from a “c+” rating to a “b-” rating in a research report on Wednesday, October 18th. Northcoast Research cut Integer from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Integer from a “sell” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, December 27th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Integer currently has an average rating of “Hold” and an average target price of $51.00.

In other Integer news, VP Thomas J. Mazza sold 23,123 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was 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 $1,205,837.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bill R. Sanford sold 20,605 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $46.00, for a total value of $947,830.00. Following the completion of the sale, the director now directly owns 63,606 shares of the company’s stock, valued at approximately $2,925,876. The disclosure for this sale can be found here. Insiders sold 100,625 shares of company stock valued at $4,694,219 in the last ninety days. Insiders own 4.80% of the company’s stock.

Several large investors have recently made changes to their positions in ITGR. Schwab Charles Investment Management Inc. increased its stake in shares of Integer by 28.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 192,884 shares of the medical equipment provider’s stock worth $8,738,000 after purchasing an additional 43,214 shares during the period. Bank of Montreal Can increased its stake in shares of Integer by 52.6% in the fourth quarter. Bank of Montreal Can now owns 66,839 shares of the medical equipment provider’s stock worth $3,028,000 after purchasing an additional 23,026 shares during the period. Convergence Investment Partners LLC increased its stake in Integer by 11.1% during the fourth quarter. Convergence Investment Partners LLC now owns 34,935 shares of the medical equipment provider’s stock valued at $1,583,000 after acquiring an additional 3,490 shares during the period. AXA bought a new position in Integer during the third quarter valued at about $5,749,000. Finally, GSA Capital Partners LLP increased its stake in Integer by 83.8% during the third quarter. GSA Capital Partners LLP now owns 42,250 shares of the medical equipment provider’s stock valued at $2,161,000 after acquiring an additional 19,260 shares during the period. 95.02% of the stock is owned by institutional investors.

Integer (ITGR) traded up $1.15 on Friday, reaching $49.05. The company had a trading volume of 116,359 shares, compared to its average volume of 101,519. The firm has a market capitalization of $1,516.98, a PE ratio of 77.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.08. Integer has a 52-week low of $29.40 and a 52-week high of $55.20. The company has a current ratio of 2.58, a quick ratio of 1.37 and a debt-to-equity ratio of 1.95.

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Integer 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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