Integer Holdings Co. (NASDAQ:ITGR) – Equities researchers at Northcoast Research lowered their FY2017 earnings estimates for shares of Integer Holdings in a report issued on Friday. Northcoast Research analyst D. Keiser now anticipates that the medical equipment provider will post earnings of $2.65 per share for the year, down from their previous forecast of $2.81. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Integer Holdings’ Q4 2017 earnings at $0.80 EPS, Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $0.89 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.90 EPS and FY2018 earnings at $3.40 EPS.
Several other analysts have also recently commented on ITGR. Royal Bank Of Canada restated a “neutral” rating on shares of Integer Holdings in a report on Friday. BidaskClub cut Integer Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday. KeyCorp restated an “overweight” rating and set a $62.00 target price (up previously from $51.00) on shares of Integer Holdings in a report on Monday, September 18th. Zacks Investment Research upgraded Integer Holdings from a “sell” rating to a “hold” rating in a report on Monday, August 21st. Finally, TheStreet upgraded Integer Holdings from a “c+” rating to a “b-” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Integer Holdings has an average rating of “Hold” and a consensus price target of $51.00.
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Shares of Integer Holdings (NASDAQ:ITGR) opened at 47.50 on Monday. Integer Holdings has a 52-week low of $18.62 and a 52-week high of $55.20. The firm has a market cap of $1.50 billion, a P/E ratio of 81.62 and a beta of 1.30. The stock’s 50 day moving average is $50.99 and its 200-day moving average is $44.48.
Integer Holdings (NASDAQ:ITGR) last released its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $363.31 million for the quarter, compared to analyst estimates of $354.83 million. During the same period in the previous year, the business posted $0.83 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year.
In other news, insider John A. Harris sold 1,261 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $45.40, for a total transaction of $57,249.40. Following the sale, the insider now owns 2,064 shares in the company, valued at $93,705.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Several institutional investors and hedge funds have recently modified their holdings of ITGR. Meeder Asset Management Inc. lifted its stake in shares of Integer Holdings by 411.1% during the third quarter. Meeder Asset Management Inc. now owns 2,034 shares of the medical equipment provider’s stock valued at $104,000 after acquiring an additional 1,636 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Integer Holdings by 184.3% during the first quarter. Envestnet Asset Management Inc. now owns 3,545 shares of the medical equipment provider’s stock valued at $142,000 after acquiring an additional 2,298 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Integer Holdings by 126.2% during the first quarter. Public Employees Retirement System of Ohio now owns 4,834 shares of the medical equipment provider’s stock valued at $194,000 after acquiring an additional 2,697 shares during the period. FMR LLC acquired a new position in shares of Integer Holdings during the first quarter valued at $226,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of Integer Holdings by 81.0% during the second quarter. State of Alaska Department of Revenue now owns 5,502 shares of the medical equipment provider’s stock valued at $237,000 after acquiring an additional 2,462 shares during the period.
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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