Integer Holdings Co. (NASDAQ:ITGR) – Craig Hallum boosted their FY2017 earnings per share estimates for Integer Holdings in a report issued on Monday, Zacks Investment Research reports. Craig Hallum analyst C. Haff now forecasts that the medical equipment provider will post earnings of $2.83 per share for the year, up from their prior forecast of $2.67. Craig Hallum currently has a “Hold” rating on the stock.
Integer Holdings (NASDAQ:ITGR) last posted its earnings results on Monday, February 27th. The medical equipment provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $359.59 million for the quarter, compared to analysts’ expectations of $351.32 million. Integer Holdings’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. WARNING: This piece was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.com-unik.info/2017/04/21/craig-hallum-equities-analysts-increase-earnings-estimates-for-integer-holdings-co-itgr-updated-updated.html.
Separately, Zacks Investment Research downgraded Integer Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, January 19th.
Integer Holdings (NASDAQ:ITGR) traded down 1.65% during midday trading on Thursday, reaching $35.85. The company had a trading volume of 400,823 shares. Integer Holdings has a 12 month low of $18.10 and a 12 month high of $41.80. The firm’s 50-day moving average price is $38.94 and its 200 day moving average price is $30.87. The firm has a market capitalization of $1.11 billion, a PE ratio of 188.68 and a beta of 1.30.
In other news, insider Jennifer M. Bolt sold 1,000 shares of the business’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $37.55, for a total value of $37,550.00. Following the sale, the insider now owns 12,208 shares of the company’s stock, valued at approximately $458,410.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas J. Hook sold 146,995 shares of Integer Holdings stock in a transaction on Friday, March 10th. The stock was sold at an average price of $37.40, for a total value of $5,497,613.00. Following the completion of the transaction, the chief executive officer now owns 276,642 shares in the company, valued at $10,346,410.80. The disclosure for this sale can be found here. Insiders sold a total of 182,846 shares of company stock worth $6,785,004 in the last three months.
Institutional investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new position in shares of Integer Holdings during the third quarter worth about $7,834,000. Emerald Advisers Inc. PA bought a new position in shares of Integer Holdings during the third quarter worth about $7,093,000. Texas Permanent School Fund bought a new position in shares of Integer Holdings during the third quarter worth about $453,000. Great West Life Assurance Co. Can bought a new position in shares of Integer Holdings during the third quarter worth about $805,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Integer Holdings during the third quarter worth about $262,000.
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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