$0.61 Earnings Per Share Expected for Integer Holdings Co. (ITGR) This Quarter
Equities analysts expect Integer Holdings Co. (NASDAQ:ITGR) to report earnings of $0.61 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Integer Holdings’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.58. Integer Holdings reported earnings of $0.34 per share in the same quarter last year, which would indicate a positive year over year growth rate of 79.4%. The company is expected to report its next earnings results on Thursday, April 27th.
According to Zacks, analysts expect that Integer Holdings will report full-year earnings of $2.96 per share for the current financial year, with EPS estimates ranging from $2.83 to $3.13. For the next year, analysts forecast that the company will report earnings of $3.42 per share, with EPS estimates ranging from $3.09 to $3.77. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Integer Holdings.
Integer Holdings (NASDAQ:ITGR) last issued its quarterly earnings data on Monday, February 27th. The medical equipment provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The business earned $359.59 million during the quarter, compared to analysts’ expectations of $351.32 million. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share.
Separately, Zacks Investment Research lowered Integer Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, March 4th.
In other news, CEO Thomas J. Hook sold 31,481 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $35.67, for a total transaction of $1,122,927.27. Following the sale, the chief executive officer now owns 264,530 shares of the company’s stock, valued at approximately $9,435,785.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer M. Bolt sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $37.55, for a total value of $37,550.00. Following the sale, the insider now directly owns 12,208 shares in the company, valued at approximately $458,410.40. The disclosure for this sale can be found here. Insiders have sold a total of 182,846 shares of company stock worth $6,785,004 in the last three months.
Large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of Integer Holdings by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the medical equipment provider’s stock valued at $450,000 after buying an additional 200 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Integer Holdings by 21.9% in the first quarter. Capstone Asset Management Co. now owns 13,588 shares of the medical equipment provider’s stock valued at $546,000 after buying an additional 2,438 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Integer Holdings by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 55,536 shares of the medical equipment provider’s stock valued at $1,636,000 after buying an additional 2,023 shares in the last quarter. Miles Capital Inc. bought a new position in shares of Integer Holdings during the fourth quarter valued at about $211,000. Finally, Western Standard LLC bought a new position in shares of Integer Holdings during the fourth quarter valued at about $1,054,000.
Integer Holdings (NASDAQ:ITGR) traded down 0.38% on Thursday, hitting $38.90. The stock had a trading volume of 209,846 shares. The company’s 50-day moving average price is $38.91 and its 200 day moving average price is $30.66. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 204.74 and a beta of 1.30. Integer Holdings has a one year low of $18.10 and a one year high of $41.80.
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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