Zacks: Analysts Expect Integer Holdings Corporation (ITGR) Will Announce Quarterly Sales of $361.04 Million
Wall Street brokerages predict that Integer Holdings Corporation (NYSE:ITGR) will announce $361.04 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Integer’s earnings, with the lowest sales estimate coming in at $360.00 million and the highest estimate coming in at $361.63 million. Integer posted sales of $359.59 million during the same quarter last year, which suggests a positive year over year growth rate of 0.4%. The business is expected to announce its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that Integer will report full-year sales of $361.04 million for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report sales of $1.47 billion per share, with estimates ranging from $1.47 billion to $1.48 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Integer.
Integer (NYSE:ITGR) last issued its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. Integer had a net margin of 1.42% and a return on equity of 11.22%. The firm had revenue of $363.31 million during the quarter, compared to the consensus estimate of $354.83 million. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year.
A number of equities research analysts have recently commented on ITGR shares. Northcoast Research cut shares of Integer from a “buy” rating to a “neutral” rating in a report on Monday, October 23rd. They noted that the move was a valuation call. TheStreet upgraded shares of Integer from a “c+” rating to a “b-” rating in a research report on Wednesday, October 18th. BidaskClub upgraded shares of Integer from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Royal Bank Of Canada restated a “hold” rating and set a $40.00 price objective on shares of Integer in a research report on Friday, September 22nd. Finally, KeyCorp restated an “overweight” rating and set a $62.00 price objective (up previously from $51.00) on shares of Integer in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $51.00.
In related news, insider John A. Harris sold 1,261 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $45.40, for a total transaction of $57,249.40. Following the completion of the transaction, the insider now directly owns 2,064 shares of the company’s stock, valued at $93,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer M. Bolt sold 7,626 shares of Integer stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $48.22, for a total transaction of $367,725.72. Following the completion of the transaction, the insider now directly owns 12,735 shares of the company’s stock, valued at $614,081.70. The disclosure for this sale can be found here. Insiders have sold a total of 55,096 shares of company stock worth $2,614,627 over the last 90 days. Insiders own 4.80% of the company’s stock.
Large investors have recently modified their holdings of the business. California Public Employees Retirement System lifted its holdings in Integer by 4.9% during the 2nd quarter. California Public Employees Retirement System now owns 92,700 shares of the medical equipment provider’s stock valued at $4,009,000 after buying an additional 4,300 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Integer in the 2nd quarter valued at about $260,000. Vanguard Group Inc. raised its holdings in shares of Integer by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,790,328 shares of the medical equipment provider’s stock valued at $120,682,000 after purchasing an additional 71,154 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Integer in the 2nd quarter valued at about $284,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Integer in the 2nd quarter valued at about $748,000. 95.01% of the stock is owned by institutional investors and hedge funds.
Shares of Integer (NYSE ITGR) opened at $48.45 on Friday. The firm has a market cap of $1,551.82, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. The company has a quick ratio of 1.37, a current ratio of 2.58 and a debt-to-equity ratio of 1.95. Integer has a fifty-two week low of $27.42 and a fifty-two week high of $55.20.
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Integer 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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