Integer Holdings Co. (NASDAQ:ITGR) Issues Quarterly Earnings Results

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.

TRADEMARK VIOLATION WARNING: “Integer Holdings Co. (NASDAQ:ITGR) Issues Quarterly Earnings Results” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/11/12/integer-holdings-co-itgr-posts-quarterly-earnings-results-beats-expectations-by-0-04-eps.html.

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.

Earnings History for Integer Holdings (NASDAQ:ITGR)

Receive News & Ratings for Integer Holdings Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Integer Holdings Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply