Integer (NYSE:ITGR) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $3.15-3.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.23. The company issued revenue guidance of $1.49-1.53 billion, compared to the consensus revenue estimate of $1.47 billion.
Shares of Integer (NYSE ITGR) traded up $7.10 during midday trading on Friday, reaching $52.45. 292,988 shares of the company were exchanged, compared to its average volume of 148,768. The firm has a market cap of $1,434.64, a price-to-earnings ratio of 83.10, a PEG ratio of 0.99 and a beta of 1.05. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.37 and a current ratio of 2.58. Integer has a 12-month low of $33.90 and a 12-month high of $55.20.
Integer (NYSE:ITGR) last announced its earnings results on Thursday, February 22nd. The medical equipment provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.17. The firm had revenue of $390.50 million during the quarter, compared to analyst estimates of $358.42 million. Integer had a net margin of 1.42% and a return on equity of 11.22%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. analysts expect that Integer will post 2.64 earnings per share for the current fiscal year.
ITGR has been the subject of a number of research analyst reports. BidaskClub lowered shares of Integer from a buy rating to a hold rating in a research note on Saturday, November 4th. TheStreet lowered shares of Integer from a b- rating to a c+ rating in a research note on Thursday, November 9th. ValuEngine raised shares of Integer from a hold rating to a buy rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Integer from a sell rating to a buy rating and set a $51.00 price objective for the company in a research note on Wednesday, December 27th. Finally, Royal Bank of Canada restated a neutral rating on shares of Integer in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $51.00.
In other news, COO Jeremy Friedman sold 8,163 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $44.89, for a total transaction of $366,437.07. Following the completion of the transaction, the chief operating officer now directly owns 17,673 shares in the company, valued at approximately $793,340.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Timothy G. Mcevoy sold 3,500 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $49.35, for a total transaction of $172,725.00. Following the transaction, the vice president now owns 32,401 shares of the company’s stock, valued at $1,598,989.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,286 shares of company stock valued at $2,996,350. Company insiders own 4.80% of the company’s stock.
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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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