Brokerages predict that Integer Holdings Corp (NYSE:ITGR) will post earnings of $0.92 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Integer’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.90. Integer posted earnings per share of $0.96 during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.2%. The business is expected to issue its next earnings report on Thursday, February 28th.

On average, analysts expect that Integer will report full-year earnings of $3.66 per share for the current year. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.12 per share, with EPS estimates ranging from $4.06 to $4.18. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Integer.

Integer (NYSE:ITGR) last announced its earnings results on Thursday, November 1st. The medical equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. The business had revenue of $305.10 million for the quarter, compared to analyst estimates of $301.95 million. Integer had a net margin of 14.12% and a return on equity of 12.78%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share.

A number of equities analysts have recently issued reports on the stock. TheStreet lowered shares of Integer from a “b” rating to a “c+” rating in a research report on Friday, November 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $72.00 price objective on shares of Integer in a research report on Friday, August 3rd. Zacks Investment Research lowered shares of Integer from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. KeyCorp lifted their price objective on shares of Integer from $81.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Finally, Northcoast Research upgraded shares of Integer to a “buy” rating and set a $83.00 price objective on the stock in a research report on Friday, July 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Integer presently has a consensus rating of “Buy” and a consensus price target of $82.20.

Shares of ITGR traded up $1.66 during mid-day trading on Thursday, reaching $84.14. 129,900 shares of the company’s stock were exchanged, compared to its average volume of 213,097. The company has a current ratio of 2.41, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The firm has a market cap of $2.71 billion, a PE ratio of 29.94 and a beta of 0.88. Integer has a 52-week low of $42.50 and a 52-week high of $89.79.

In other Integer news, insider Jose Antonio Gonzalez sold 6,167 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $80.20, for a total transaction of $494,593.40. Following the sale, the insider now directly owns 5,490 shares in the company, valued at approximately $440,298. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy G. Mcevoy sold 21,667 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $76.93, for a total transaction of $1,666,842.31. Following the sale, the vice president now owns 40,156 shares in the company, valued at $3,089,201.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,488 shares of company stock worth $7,574,066. 3.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its position in shares of Integer by 4.8% during the 3rd quarter. AQR Capital Management LLC now owns 56,667 shares of the medical equipment provider’s stock worth $4,700,000 after purchasing an additional 2,605 shares in the last quarter. IndexIQ Advisors LLC boosted its position in shares of Integer by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 40,199 shares of the medical equipment provider’s stock worth $3,335,000 after purchasing an additional 1,519 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in shares of Integer by 40.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 21,497 shares of the medical equipment provider’s stock worth $1,783,000 after buying an additional 6,222 shares during the last quarter. Castleark Management LLC acquired a new position in shares of Integer during the 3rd quarter worth $15,613,000. Finally, Man Group plc raised its stake in shares of Integer by 2.2% during the 3rd quarter. Man Group plc now owns 402,615 shares of the medical equipment provider’s stock worth $33,396,000 after buying an additional 8,770 shares during the last quarter. Institutional investors own 92.53% of the company’s stock.

Integer Company Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates through two segments, Medical and Non-Medical. The company offers arthroscopic devices and components, such as shaver blades and burrs, ablation probes, and suture anchors; laparoscopic and general surgery products, including trocars, endoscopes and laparoscopes, closure devices, harmonic scalpels, bipolar energy delivery devices, radio frequency probes, thermal tumor ablation devices, and ophthalmic surgery devices; and biopsy and drug delivery products.

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Earnings History and Estimates for Integer (NYSE:ITGR)

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