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.
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.
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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.
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