Integer (NYSE:ITGR) Updates FY 2025 Earnings Guidance

Key Points

• Integer Holdings Corporation updated its FY 2025 earnings guidance, projecting EPS between $6.290 and $6.430, slightly below the consensus estimate of $6.370.
• The company provided revenue guidance of $1.8 billion to $1.9 billion, just under the consensus revenue estimate of $1.9 billion.
• Analyst ratings for Integer show a consensus rating of "Moderate Buy" with a consensus price target of $135.57, following various adjustments from several financial institutions.

Integer (NYSE:ITGR - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 6.290-6.430 for the period, compared to the consensus EPS estimate of 6.370. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion.

Analyst Ratings Changes

ITGR has been the topic of several research reports. Truist Financial decreased their price objective on shares of Integer from $137.00 to $121.00 and set a "buy" rating on the stock in a report on Wednesday, October 15th. KeyCorp reduced their target price on shares of Integer from $145.00 to $133.00 and set an "overweight" rating for the company in a report on Tuesday. Wells Fargo & Company decreased their price target on shares of Integer from $152.00 to $132.00 and set an "overweight" rating on the stock in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Integer from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Raymond James Financial reduced their price objective on Integer from $150.00 to $143.00 and set an "outperform" rating for the company in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.57.

Integer Trading Up 1.2%

ITGR stock opened at $109.25 on Thursday. Integer has a 52 week low of $99.54 and a 52 week high of $146.36. The company has a market capitalization of $3.83 billion, a PE ratio of 48.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.97. The company's 50-day simple moving average is $104.96 and its 200 day simple moving average is $112.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.18 and a current ratio of 3.41.

Integer (NYSE:ITGR - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The medical equipment provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.11. Integer had a net margin of 4.61% and a return on equity of 12.27%. Integer has set its FY 2025 guidance at 6.290-6.430 EPS. As a group, sell-side analysts anticipate that Integer will post 6.01 earnings per share for the current year.

Institutional Investors Weigh In On Integer

Large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its holdings in Integer by 885.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,106,091 shares of the medical equipment provider's stock valued at $136,016,000 after acquiring an additional 993,810 shares in the last quarter. Millennium Management LLC increased its position in shares of Integer by 2,408.8% in the first quarter. Millennium Management LLC now owns 123,132 shares of the medical equipment provider's stock worth $14,531,000 after purchasing an additional 118,224 shares during the period. Viking Global Investors LP increased its position in shares of Integer by 9.1% in the second quarter. Viking Global Investors LP now owns 1,283,965 shares of the medical equipment provider's stock worth $157,889,000 after purchasing an additional 106,692 shares during the period. Man Group plc acquired a new position in Integer in the second quarter valued at about $8,807,000. Finally, Squarepoint Ops LLC lifted its position in Integer by 80.2% during the second quarter. Squarepoint Ops LLC now owns 156,393 shares of the medical equipment provider's stock worth $19,232,000 after purchasing an additional 69,591 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

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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