Integer Holdings Co. (NYSE:ITGR) – Research analysts at Northcoast Research increased their Q1 2019 EPS estimates for Integer in a report released on Friday. Northcoast Research analyst D. Keiser now expects that the medical equipment provider will post earnings of $0.80 per share for the quarter, up from their previous estimate of $0.78. Northcoast Research also issued estimates for Integer’s Q2 2019 earnings at $1.01 EPS, Q3 2019 earnings at $0.96 EPS, Q4 2019 earnings at $1.01 EPS and FY2019 earnings at $3.78 EPS.
ITGR has been the subject of several other reports. Zacks Investment Research cut Integer from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. TheStreet cut Integer from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. ValuEngine upgraded Integer from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, BidaskClub cut Integer from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $51.00.
Integer (NYSE:ITGR) last issued its quarterly earnings results on Thursday, February 22nd. The medical equipment provider reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.17. Integer had a return on equity of 11.13% and a net margin of 4.56%. The firm had revenue of $390.50 million during the quarter, compared to analysts’ expectations of $358.42 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis.
In other Integer news, Director Bill R. Sanford sold 20,605 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $46.00, for a total value of $947,830.00. Following the completion of the sale, the director now directly owns 63,606 shares in the company, valued at approximately $2,925,876. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Bill R. Sanford sold 892 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $46.00, for a total value of $41,032.00. Following the completion of the sale, the director now owns 63,606 shares of the company’s stock, valued at $2,925,876. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,790 shares of company stock valued at $2,136,841. 4.80% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of ITGR. FMR LLC grew its holdings in Integer by 101.5% in the 2nd quarter. FMR LLC now owns 11,316 shares of the medical equipment provider’s stock valued at $489,000 after buying an additional 5,701 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Integer in the 2nd quarter valued at $748,000. State Street Corp grew its holdings in Integer by 7.3% in the 2nd 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 in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Integer in the 2nd quarter valued at $284,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Integer by 339.8% in the 2nd 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 in the last quarter. Institutional investors own 99.00% of the company’s stock.
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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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