$0.71 EPS Expected for Integer Holdings (ITGR) This Quarter

Analysts forecast that Integer Holdings (NYSE:ITGR) will post $0.71 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Integer’s earnings, with estimates ranging from $0.69 to $0.72. Integer posted earnings per share of $0.41 during the same quarter last year, which suggests a positive year-over-year growth rate of 73.2%. The business is expected to report its next earnings results after the market closes on Thursday, May 3rd.

On average, analysts expect that Integer will report full year earnings of $3.30 per share for the current financial year, with EPS estimates ranging from $3.29 to $3.30. For the next year, analysts anticipate that the business will post earnings of $3.77 per share, with EPS estimates ranging from $3.75 to $3.78. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Integer.

How to Become a New Pot Stock Millionaire

Integer (NYSE:ITGR) last issued its quarterly earnings data on Thursday, February 22nd. The medical equipment provider reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.17. The company had revenue of $390.50 million for the quarter, compared to analyst estimates of $358.42 million. Integer had a net margin of 4.56% and a return on equity of 11.13%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share.

Several equities analysts recently commented on ITGR shares. TheStreet upgraded shares of Integer from a “c+” rating to a “b” rating in a research note on Monday, March 12th. Zacks Investment Research upgraded shares of Integer from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Tuesday. Finally, ValuEngine upgraded shares of Integer from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $55.67.

Institutional investors and hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its stake in shares of Integer by 22.2% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 12,930 shares of the medical equipment provider’s stock valued at $585,000 after purchasing an additional 2,350 shares in the last quarter. Investors Research Corp acquired a new stake in shares of Integer in the 4th quarter valued at approximately $743,000. Thrivent Financial For Lutherans acquired a new stake in shares of Integer in the 4th quarter valued at approximately $789,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Integer by 105.5% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 70,900 shares of the medical equipment provider’s stock valued at $3,626,000 after purchasing an additional 36,400 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Integer by 5.5% in the 4th quarter. Swiss National Bank now owns 49,700 shares of the medical equipment provider’s stock valued at $2,251,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors own 95.85% of the company’s stock.

Shares of ITGR opened at $57.80 on Friday. The stock has a market capitalization of $1,840.66, a PE ratio of 20.48, a P/E/G ratio of 1.17 and a beta of 0.86. Integer has a fifty-two week low of $33.90 and a fifty-two week high of $58.54. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.46 and a current ratio of 2.55.

WARNING: This piece of content was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/18/0-71-eps-expected-for-integer-holdings-itgr-this-quarter.html.

About Integer

Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates through two segments, Medical and Non-Medical. The company offers arthroscopic devices and components, such as shaver blades and burrs, ablation probes, and suture anchors; laparoscopic and general surgery products, including trocars, endoscopes and laparoscopes, closure devices, harmonic scalpels, bipolar energy delivery devices, radio frequency probes, thermal tumor ablation devices, and ophthalmic surgery devices; and biopsy and drug delivery products.

Get a free copy of the Zacks research report on Integer (ITGR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Integer (NYSE:ITGR)

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

Leave a Reply