Integer (NYSE:ITGR) Issues FY24 Earnings Guidance

Integer (NYSE:ITGR) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $5.24-5.43 for the period, compared to the consensus EPS estimate of $5.30. The company issued revenue guidance of $1.707-1.727 billion, compared to the consensus revenue estimate of $1.74 billion. Integer also updated its FY 2024 guidance to 5.240-5.430 EPS.

Analysts Set New Price Targets

A number of research firms have recently commented on ITGR. Citigroup lifted their target price on Integer from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 1st. Piper Sandler restated an “overweight” rating and issued a $140.00 price objective (up from $125.00) on shares of Integer in a research note on Friday. Truist Financial lowered their price objective on Integer from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday. Oppenheimer initiated coverage on Integer in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $135.00 price objective on the stock. Finally, Bank of America boosted their price objective on Integer from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.75.

Integer Stock Down 0.8 %

NYSE ITGR traded down $0.99 during trading hours on Friday, reaching $125.77. 187,373 shares of the company’s stock traded hands, compared to its average volume of 312,382. Integer has a 52-week low of $73.40 and a 52-week high of $133.53. The firm has a market cap of $4.21 billion, a PE ratio of 44.61, a PEG ratio of 1.86 and a beta of 1.08. The firm has a 50-day simple moving average of $127.37 and a 200 day simple moving average of $120.86. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.29 and a quick ratio of 1.96.

Integer (NYSE:ITGR) last released its quarterly earnings data on Thursday, October 24th. The medical equipment provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. Integer had a net margin of 6.31% and a return on equity of 11.48%. The business had revenue of $431.42 million during the quarter, compared to analyst estimates of $440.59 million. During the same period last year, the business earned $1.27 EPS. Integer’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Integer will post 5.3 EPS for the current fiscal year.

Insider Activity at Integer

In other Integer news, Director Jean M. Hobby sold 11,960 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $119.66, for a total transaction of $1,431,133.60. Following the completion of the transaction, the director now owns 2,280 shares in the company, valued at $272,824.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.

About Integer

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.