Brokerages Expect Integer Holdings Co. (ITGR) Will Announce Earnings of $0.77 Per Share
Brokerages expect that Integer Holdings Co. (NYSE:ITGR) will post earnings of $0.77 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Integer’s earnings, with estimates ranging from $0.69 to $0.81. Integer reported earnings per share of $0.87 during the same quarter last year, which suggests a negative year over year growth rate of 11.5%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Integer will report full year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.65. For the next year, analysts anticipate that the business will post earnings of $3.18 per share, with EPS estimates ranging from $2.87 to $3.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Integer.
Several equities analysts have commented on the stock. ValuEngine raised shares of Integer from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research cut shares of Integer from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. TheStreet cut shares of Integer from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. BidaskClub cut shares of Integer from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Finally, Royal Bank of Canada reissued a “neutral” rating on shares of Integer in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $51.00.
Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of Integer by 411.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock worth $104,000 after purchasing an additional 1,636 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of Integer during the 3rd quarter worth approximately $174,000. Amalgamated Bank purchased a new stake in shares of Integer during the 3rd quarter worth approximately $212,000. Bessemer Group Inc. purchased a new stake in shares of Integer during the 3rd quarter worth approximately $220,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Integer during the 2nd quarter worth approximately $260,000. Institutional investors own 95.43% of the company’s stock.
Integer (NYSE:ITGR) traded down $1.10 during trading on Tuesday, hitting $45.75. 41,479 shares of the company’s stock traded hands, compared to its average volume of 144,480. Integer has a 1 year low of $32.35 and a 1 year high of $55.20. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.37 and a current ratio of 2.58. The company has a market cap of $1,586.66, a PE ratio of 72.22, a P/E/G ratio of 1.05 and a beta of 1.05.
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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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