FY2017 EPS Estimates for Integer Holdings Co. (ITGR) Cut by KeyCorp
Integer Holdings Co. (NASDAQ:ITGR) – Analysts at KeyCorp lowered their FY2017 earnings per share (EPS) estimates for shares of Integer Holdings in a research report issued to clients and investors on Thursday. KeyCorp analyst M. Mishan now anticipates that the medical equipment provider will post earnings of $2.65 per share for the year, down from their prior forecast of $2.68. KeyCorp currently has a “Overweight” rating and a $62.00 target price on the stock. KeyCorp also issued estimates for Integer Holdings’ FY2018 earnings at $3.22 EPS and FY2019 earnings at $3.73 EPS.
ITGR has been the topic of several other reports. Zacks Investment Research lowered shares of Integer Holdings from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Royal Bank Of Canada reiterated a “neutral” rating on shares of Integer Holdings in a report on Friday. BidaskClub lowered shares of Integer Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday. TheStreet upgraded shares of Integer Holdings from a “c+” rating to a “b-” rating in a report on Wednesday, October 18th. Finally, Northcoast Research lowered shares of Integer Holdings from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Integer Holdings currently has an average rating of “Hold” and an average price target of $51.00.
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Shares of Integer Holdings (ITGR) opened at 47.50 on Monday. The firm has a 50-day moving average of $50.99 and a 200 day moving average of $44.48. Integer Holdings has a 52 week low of $18.62 and a 52 week high of $55.20. The company has a market cap of $1.50 billion, a P/E ratio of 81.62 and a beta of 1.30.
Integer Holdings (NASDAQ:ITGR) last announced its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The firm had revenue of $363.31 million during the quarter, compared to the consensus estimate of $354.83 million. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 EPS.
In other news, insider John A. Harris sold 1,261 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $45.40, for a total value of $57,249.40. Following the transaction, the insider now directly owns 2,064 shares in the company, valued at approximately $93,705.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Several hedge funds have recently modified their holdings of ITGR. Meeder Asset Management Inc. lifted its holdings in shares of Integer Holdings by 411.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after acquiring an additional 1,636 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Integer Holdings by 184.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,545 shares of the medical equipment provider’s stock worth $142,000 after acquiring an additional 2,298 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Integer Holdings by 126.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,834 shares of the medical equipment provider’s stock worth $194,000 after acquiring an additional 2,697 shares during the last quarter. FMR LLC acquired a new position in shares of Integer Holdings in the 1st quarter worth approximately $226,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Integer Holdings by 81.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,502 shares of the medical equipment provider’s stock worth $237,000 after acquiring an additional 2,462 shares during the last quarter.
About Integer Holdings
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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