Integer (NYSE:ITGR) Posts Earnings Results, Beats Expectations By $0.11 EPS

Key Points

• Integer Holdings Corporation reported an EPS of $1.79 for the quarter, exceeding expectations by $0.11 and marking an 8.4% increase in revenue year-over-year.
• The company updated its FY 2025 guidance to an EPS range of 6.290-6.430.
• Integer's stock had a significant trading volume of over 4.6 million shares, with the current stock price at $68.00, down from its 1-year high of $146.36.

Integer (NYSE:ITGR - Get Free Report) posted its earnings results on Thursday. The medical equipment provider reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.11, Zacks reports. Integer had a return on equity of 12.27% and a net margin of 4.61%.Integer's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 EPS. Integer updated its FY 2025 guidance to 6.290-6.430 EPS.

Integer Price Performance

ITGR stock traded down $41.11 on Thursday, reaching $68.00. The company had a trading volume of 4,681,203 shares, compared to its average volume of 481,100. Integer has a 1 year low of $68.89 and a 1 year high of $146.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.18 and a current ratio of 3.41. The company's fifty day moving average is $104.96 and its 200 day moving average is $112.94. The company has a market cap of $2.38 billion, a P/E ratio of 29.92, a PEG ratio of 0.85 and a beta of 0.97.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Integer by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,515 shares of the medical equipment provider's stock valued at $2,539,000 after purchasing an additional 837 shares during the last quarter. Millennium Management LLC increased its holdings in Integer by 2,408.8% in the 1st quarter. Millennium Management LLC now owns 123,132 shares of the medical equipment provider's stock valued at $14,531,000 after purchasing an additional 118,224 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Integer by 79,888.9% during the first quarter. Jones Financial Companies Lllp now owns 7,199 shares of the medical equipment provider's stock valued at $850,000 after acquiring an additional 7,190 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Integer during the first quarter valued at about $258,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Integer by 4.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 109,316 shares of the medical equipment provider's stock valued at $12,900,000 after acquiring an additional 4,873 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Wall Street Analyst Weigh In

ITGR has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on Integer from $152.00 to $132.00 and set an "overweight" rating on the stock in a research report on Friday, July 25th. Wall Street Zen upgraded Integer from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Raymond James Financial dropped their target price on Integer from $150.00 to $143.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. KeyCorp dropped their target price on Integer from $145.00 to $133.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Integer in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $135.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.