Analysts Anticipate Integer Holdings Co. (ITGR) to Announce $0.77 Earnings Per Share

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.

In other Integer news, CFO Gary J. Haire sold 731 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total value of $32,814.59. Following the transaction, the chief financial officer now owns 1,911 shares in the company, valued at $85,784.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy G. Mcevoy sold 3,500 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $49.35, for a total transaction of $172,725.00. Following the completion of the transaction, the vice president now owns 32,401 shares in the company, valued at approximately $1,598,989.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,999 shares of company stock worth $4,326,494. 4.80% of the stock is owned by corporate insiders.

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.

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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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