$0.82 EPS Expected for Integer Holdings Co. (ITGR) This Quarter
Brokerages expect Integer Holdings Co. (NASDAQ:ITGR) to announce earnings per share (EPS) of $0.82 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Integer Holdings’ earnings. The lowest EPS estimate is $0.77 and the highest is $0.89. Integer Holdings posted earnings of $0.83 per share in the same quarter last year, which suggests a negative year over year growth rate of 1.2%. The business is expected to issue its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Integer Holdings will report full-year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.66 to $2.84. For the next fiscal year, analysts forecast that the firm will post earnings of $3.32 per share, with EPS estimates ranging from $2.95 to $3.61. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Integer Holdings.
Integer Holdings (NASDAQ:ITGR) last announced its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.11. The firm had revenue of $363 million during the quarter, compared to the consensus estimate of $353.68 million. During the same quarter in the prior year, the company posted $0.56 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis.
Separately, Zacks Investment Research lowered Integer Holdings from a “hold” rating to a “sell” rating in a report on Monday.
In other Integer Holdings news, insider Jennifer M. Bolt sold 3,626 shares of Integer Holdings stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $41.04, for a total transaction of $148,811.04. Following the completion of the sale, the insider now owns 14,834 shares of the company’s stock, valued at $608,787.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Several large investors have recently added to or reduced their stakes in ITGR. Public Employees Retirement System of Ohio raised its stake in Integer Holdings by 339.8% in the second quarter. Public Employees Retirement System of Ohio now owns 21,260 shares of the medical equipment provider’s stock worth $919,000 after buying an additional 16,426 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Integer Holdings during the second quarter worth approximately $260,000. Arrowstreet Capital Limited Partnership raised its position in Integer Holdings by 90.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 42,883 shares of the medical equipment provider’s stock worth $1,855,000 after buying an additional 20,383 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Integer Holdings during the second quarter worth approximately $284,000. Finally, State Street Corp raised its position in Integer Holdings by 7.3% in the second quarter. State Street Corp now owns 756,285 shares of the medical equipment provider’s stock worth $32,712,000 after buying an additional 51,405 shares during the last quarter.
Shares of Integer Holdings (NASDAQ ITGR) traded down 0.76% during midday trading on Friday, hitting $45.60. The stock had a trading volume of 191,595 shares. Integer Holdings has a 52 week low of $18.10 and a 52 week high of $47.09. The firm has a market cap of $1.44 billion, a P/E ratio of 78.35 and a beta of 1.30. The company’s 50 day moving average is $45.11 and its 200 day moving average is $40.91.
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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