Integer (NYSE:ITGR) Updates 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.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ITGR. Oppenheimer assumed coverage on shares of Integer in a research note on Tuesday, July 16th. They set an “outperform” rating and a $135.00 price target on the stock. Truist Financial upped their price objective on Integer from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Benchmark raised their price objective on Integer from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. Bank of America boosted their target price on Integer from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, KeyCorp raised their price target on Integer from $139.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Integer currently has an average rating of “Moderate Buy” and a consensus target price of $140.14.

Integer Trading Up 0.2 %

ITGR traded up $0.31 during trading hours on Thursday, reaching $126.84. 524,924 shares of the company’s stock traded hands, compared to its average volume of 312,988. The company has a quick ratio of 1.96, a current ratio of 3.29 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $127.37 and a 200 day moving average price of $120.86. Integer has a 52-week low of $69.40 and a 52-week high of $133.53. The firm has a market capitalization of $4.25 billion, a PE ratio of 43.86, a PEG ratio of 1.86 and a beta of 1.08.

Integer (NYSE:ITGR) last posted its quarterly earnings results on Thursday, October 24th. The medical equipment provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The firm had revenue of $431.42 million for the quarter, compared to analysts’ expectations of $440.59 million. Integer had a net margin of 6.31% and a return on equity of 11.48%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share. As a group, sell-side analysts predict that Integer will post 5.3 EPS for the current fiscal year.

Insider Activity at Integer

In other news, Director Jean M. Hobby sold 11,960 shares of the firm’s stock in a transaction 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 transaction, the director now owns 2,280 shares in the company, valued at approximately $272,824.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Integer Company Profile

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.