Integer (NYSE:ITGR – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.070-5.490 for the period, compared to the consensus earnings per share estimate of 5.290. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. Integer also updated its FY24 guidance to $5.07-5.49 EPS.
Integer Stock Performance
Shares of NYSE:ITGR traded down $8.87 during midday trading on Thursday, hitting $115.68. The stock had a trading volume of 1,090,660 shares, compared to its average volume of 329,731. The company has a market capitalization of $3.88 billion, a PE ratio of 40.03, a P/E/G ratio of 1.86 and a beta of 1.11. The stock has a 50 day moving average price of $119.11 and a two-hundred day moving average price of $113.04. The company has a current ratio of 3.32, a quick ratio of 2.01 and a debt-to-equity ratio of 0.76. Integer has a 1 year low of $69.40 and a 1 year high of $130.15.
Integer (NYSE:ITGR – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The medical equipment provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.12 by $0.02. Integer had a net margin of 6.01% and a return on equity of 11.25%. The firm had revenue of $414.80 million during the quarter, compared to analysts’ expectations of $412.78 million. During the same quarter last year, the business earned $0.87 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that Integer will post 5.27 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Research Report on ITGR
Insider Transactions at Integer
In related news, SVP Andrew Senn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.14, for a total value of $565,700.00. Following the completion of the sale, the senior vice president now directly owns 4,658 shares in the company, valued at $527,006.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Andrew Senn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.14, for a total value of $565,700.00. Following the completion of the sale, the senior vice president now directly owns 4,658 shares in the company, valued at $527,006.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John A. Harris sold 1,521 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $120.44, for a total transaction of $183,189.24. Following the completion of the sale, the executive vice president now owns 4,922 shares of the company’s stock, valued at $592,805.68. The disclosure for this sale can be found here. Insiders sold a total of 17,936 shares of company stock worth $2,130,937 over the last ninety days. 2.00% of the stock is currently 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.
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