Zacks: Analysts Anticipate Integer Holdings Co. (ITGR) to Post $0.77 EPS
Wall Street brokerages expect Integer Holdings Co. (NASDAQ:ITGR) to report $0.77 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Integer Holdings’ earnings. The highest EPS estimate is $0.81 and the lowest is $0.69. Integer Holdings posted earnings of $0.87 per share during the same quarter last year, which suggests 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 Holdings 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 fiscal year, analysts expect that the company will post earnings of $3.16 per share, with EPS estimates ranging from $2.87 to $3.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Integer Holdings.
Integer Holdings (NASDAQ:ITGR) last issued its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $363.31 million during the quarter, compared to analysts’ expectations of $354.83 million. Integer Holdings’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS.
Several equities research analysts recently commented on ITGR shares. BidaskClub lowered shares of Integer Holdings from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. 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. Royal Bank Of Canada reissued a “neutral” rating on shares of Integer Holdings in a report on Friday, October 27th. Zacks Investment Research lowered shares of Integer Holdings from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Finally, TheStreet lowered shares of Integer Holdings from a “b-” rating to a “c+” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $51.00.
In other news, VP Thomas J. Mazza sold 23,123 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $46.16, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John A. Harris sold 1,261 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $45.40, for a total transaction of $57,249.40. Following the sale, the insider now directly owns 2,064 shares of the company’s stock, valued at approximately $93,705.60. The disclosure for this sale can be found here. Insiders have sold 32,010 shares of company stock valued at $1,492,333 in the last ninety days.
Several institutional investors have recently added to or reduced their stakes in the company. Convergence Investment Partners LLC purchased a new stake in shares of Integer Holdings during the third quarter worth $1,608,000. Dimensional Fund Advisors LP grew its holdings in shares of Integer Holdings by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,656,143 shares of the medical equipment provider’s stock worth $135,862,000 after buying an additional 21,657 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Integer Holdings by 16.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 149,670 shares of the medical equipment provider’s stock worth $7,656,000 after buying an additional 20,878 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Integer Holdings during the third quarter worth $212,000. Finally, American International Group Inc. boosted its position in shares of Integer Holdings by 6.1% during the 3rd quarter. American International Group Inc. now owns 24,207 shares of the medical equipment provider’s stock valued at $1,238,000 after acquiring an additional 1,389 shares during the last quarter.
Shares of Integer Holdings (ITGR) traded down $0.30 during midday trading on Friday, reaching $46.80. 66,528 shares of the company traded hands, compared to its average volume of 172,494. Integer Holdings has a 12 month low of $24.70 and a 12 month high of $55.20.
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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