Integer Holdings Co. (NASDAQ:ITGR) issued its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04, Bloomberg Earnings reports. The company had revenue of $363.31 million for the quarter, compared to the consensus estimate of $354.83 million. During the same period in the previous year, the firm earned $0.83 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Integer Holdings updated its FY17 guidance to $2.55-2.75 EPS.
Shares of Integer Holdings (ITGR) opened at $45.85 on Friday. Integer Holdings has a 1-year low of $23.75 and a 1-year high of $55.20.
Several brokerages have issued reports on ITGR. Northcoast Research lowered Integer Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, October 23rd. They noted that the move was a valuation call. TheStreet upgraded Integer Holdings from a “c+” rating to a “b-” rating in a report on Wednesday, October 18th. BidaskClub upgraded Integer Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $40.00 price objective on shares of Integer Holdings in a research note on Friday, September 22nd. Finally, KeyCorp reissued an “overweight” rating and issued a $62.00 price objective (up previously from $51.00) on shares of Integer Holdings in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Integer Holdings presently has a consensus rating of “Hold” and an average price target of $51.00.
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In other news, insider John A. Harris sold 1,261 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 2,064 shares in the company, valued at approximately $93,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer M. Bolt sold 7,626 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 12,735 shares of the company’s stock, valued at approximately $614,081.70. The disclosure for this sale can be found here.
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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