Brokerages predict that Integer Holdings Co. (NASDAQ:ITGR) will post $355.83 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Integer Holdings’ earnings. The lowest sales estimate is $354.60 million and the highest is $356.90 million. Integer Holdings posted sales of $346.57 million during the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The company is expected to announce its next earnings report on Thursday, October 26th.
On average, analysts expect that Integer Holdings will report full year sales of $355.83 million for the current year, with estimates ranging from $1.42 billion to $1.43 billion. For the next financial year, analysts forecast that the firm will report sales of $1.47 billion per share, with estimates ranging from $1.46 billion to $1.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Integer Holdings.
Integer Holdings (NASDAQ:ITGR) last issued its earnings results on Thursday, July 27th. The medical equipment provider reported $0.62 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.11). The business had revenue of $363.00 million during the quarter, compared to analyst estimates of $353.68 million. During the same period in the prior year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year.
Separately, Zacks Investment Research lowered Integer Holdings from a “hold” rating to a “sell” rating in a report on Monday, August 28th.
Shares of Integer Holdings (ITGR) opened at 46.95 on Friday. Integer Holdings has a 12-month low of $18.10 and a 12-month high of $47.25. The stock has a market cap of $1.48 billion, a PE ratio of 80.67 and a beta of 1.30. The firm has a 50 day moving average price of $45.58 and a 200 day moving average price of $41.58.
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In other news, insider John A. Harris sold 1,261 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $45.40, for a total value of $57,249.40. Following the completion of the transaction, the insider now owns 2,064 shares of the company’s stock, valued at $93,705.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in Integer Holdings by 339.8% during the second quarter. Public Employees Retirement System of Ohio now owns 21,260 shares of the medical equipment provider’s stock valued at $919,000 after buying an additional 16,426 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Integer Holdings during the second quarter valued at approximately $260,000. Arrowstreet Capital Limited Partnership boosted its stake in Integer Holdings by 90.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 42,883 shares of the medical equipment provider’s stock valued at $1,855,000 after buying an additional 20,383 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Integer Holdings during the second quarter valued at approximately $284,000. Finally, State Street Corp boosted its stake in Integer Holdings by 7.3% during the second quarter. State Street Corp now owns 756,285 shares of the medical equipment provider’s stock valued at $32,712,000 after buying an additional 51,405 shares during the last quarter.
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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