Integer Holdings Co. (NASDAQ:ITGR) Announces Earnings Results, Misses Expectations By $0.11 EPS
Integer Holdings Co. (NASDAQ:ITGR) issued its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.62 EPS for the quarter, missing the consensus estimate of $0.73 by $0.11, Bloomberg Earnings reports. The firm had revenue of $363 million during the quarter, compared to analysts’ expectations of $353.68 million. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 earnings per share. Integer Holdings updated its FY17 guidance to $2.55-2.95 EPS.
Integer Holdings (ITGR) opened at 45.35 on Wednesday. The stock has a 50 day moving average price of $44.46 and a 200 day moving average price of $39.89. Integer Holdings has a 12-month low of $18.10 and a 12-month high of $47.09. The stock has a market cap of $1.43 billion, a P/E ratio of 77.92 and a beta of 1.30.
In related news, insider Jennifer M. Bolt sold 3,626 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $41.04, for a total transaction of $148,811.04. Following the transaction, the insider now directly owns 14,834 shares in the company, valued at $608,787.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of analysts have issued reports on ITGR shares. Craig Hallum downgraded Integer Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Zacks Investment Research raised Integer Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $35.00 price objective on shares of Integer Holdings in a research note on Friday, April 21st.
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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