Integer (NYSE:ITGR) Releases FY 2024 Earnings Guidance

Integer (NYSE:ITGR) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.010-5.430 for the period, compared to the consensus estimate of 5.310. 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 $5.01-5.43 EPS.

Analyst Ratings Changes

Several equities analysts have recently commented on ITGR shares. Benchmark reaffirmed a buy rating and set a $130.00 price target on shares of Integer in a research report on Friday. CL King initiated coverage on Integer in a report on Thursday, March 14th. They set a buy rating and a $137.00 target price on the stock. Bank of America upgraded Integer from a neutral rating to a buy rating and lifted their target price for the stock from $105.00 to $135.00 in a research report on Monday, April 15th. Finally, KeyCorp upped their price target on Integer from $123.00 to $139.00 and gave the company an overweight rating in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $120.50.

Integer Stock Performance

ITGR stock traded down $1.56 during mid-day trading on Friday, reaching $109.59. The company had a trading volume of 604,251 shares, compared to its average volume of 342,875. Integer has a one year low of $69.40 and a one year high of $123.99. The stock has a market capitalization of $3.67 billion, a P/E ratio of 40.74, a P/E/G ratio of 1.71 and a beta of 1.10. The company has a quick ratio of 1.71, a current ratio of 2.80 and a debt-to-equity ratio of 0.64. The stock’s 50-day simple moving average is $113.11 and its two-hundred day simple moving average is $99.78.

Integer (NYSE:ITGR) last issued its quarterly earnings data on Thursday, April 25th. The medical equipment provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. Integer had a net margin of 5.68% and a return on equity of 10.80%. The firm had revenue of $414.80 million for the quarter, compared to the consensus estimate of $412.78 million. During the same period last year, the firm posted $0.87 EPS. Integer’s quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts anticipate that Integer will post 5.31 EPS for the current year.

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.