Equities analysts predict that Integer Holdings Co. (NYSE:ITGR) will report earnings of $0.77 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Integer’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.81. Integer reported earnings per share of $0.87 during the same quarter last year, which suggests a negative year over year growth rate of 11.5%. The firm is expected to announce its next earnings results after the market closes on Thursday, February 22nd.
On average, 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 year, analysts anticipate that the firm will report earnings of $3.18 per share, with EPS estimates ranging from $2.87 to $3.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Integer.
A number of analysts have recently issued reports on the stock. TheStreet upgraded shares of Integer from a “c+” rating to a “b-” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Integer from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of Integer from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. BidaskClub cut shares of Integer from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of Integer in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Integer presently has a consensus rating of “Hold” and a consensus price target of $51.00.
Hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its position in shares of Integer by 411.1% in the third quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock valued at $104,000 after acquiring an additional 1,636 shares during the period. Zions Bancorporation purchased a new position in shares of Integer during the third quarter valued at about $174,000. Amalgamated Bank purchased a new position in shares of Integer during the third quarter valued at about $212,000. Bessemer Group Inc. purchased a new position in shares of Integer during the third quarter valued at about $220,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Integer during the second quarter valued at about $260,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.
Integer (ITGR) traded down $1.10 during midday trading on Tuesday, hitting $45.75. 41,479 shares of the stock were exchanged, compared to its average volume of 144,480. Integer has a 52 week low of $32.35 and a 52 week high of $55.20. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.58 and a quick ratio of 1.37. The company has a market cap of $1,586.66, a P/E ratio of 72.22, a P/E/G ratio of 1.05 and a beta of 1.05.
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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