Integer (NYSE:ITGR) issued its earnings results on Thursday. The medical equipment provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.17, Briefing.com reports. Integer had a return on equity of 16.38% and a net margin of 15.73%. The business had revenue of $314.20 million during the quarter, compared to analyst estimates of $318.50 million. During the same period in the previous year, the company posted $1.06 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Integer updated its FY19 guidance to $4.25-4.45 EPS.
ITGR stock traded down $4.07 during mid-day trading on Friday, reaching $84.27. 213,490 shares of the company traded hands, compared to its average volume of 163,314. The firm has a market cap of $2.88 billion, a PE ratio of 16.57 and a beta of 0.96. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.78. Integer has a fifty-two week low of $67.72 and a fifty-two week high of $92.61. The company has a 50 day simple moving average of $82.93.
ITGR has been the subject of a number of research analyst reports. Argus decreased their target price on Integer from $90.00 to $4.29 and set an “average” rating for the company in a research report on Wednesday, June 5th. They noted that the move was a valuation call. ValuEngine lowered Integer from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research lowered Integer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Northcoast Research reiterated a “buy” rating on shares of Integer in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $72.57.
Hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can boosted its stake in Integer by 1.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,913 shares of the medical equipment provider’s stock valued at $3,010,000 after purchasing an additional 692 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Integer by 1.5% in the 1st quarter. Rhumbline Advisers now owns 88,788 shares of the medical equipment provider’s stock worth $6,696,000 after buying an additional 1,293 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new position in shares of Integer in the 1st quarter worth approximately $45,000. Clark Capital Management Group Inc. purchased a new position in shares of Integer in the 1st quarter worth approximately $2,812,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Integer by 68.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,650 shares of the medical equipment provider’s stock worth $1,024,000 after buying an additional 5,562 shares during the last quarter. Institutional investors and hedge funds own 96.34% of the company’s stock.
Integer Holdings Corporation operates as a medical device outsource manufacturer worldwide. It operates in two segments, Medical and Non-Medical. The company offers products for vascular, cardiac surgery, and structural heart diseases; peripheral vascular, neurovascular, urology, and oncology products; and electrophysiology, infusion therapy, and hemodialysis products.
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