Integer Holdings Corporation (ITGR) is expected to grow earnings and revenues in the years ahead

Currently, Integer Holdings Corporation [ITGR] is trading at $70.16, down -1.97%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ITGR shares have gain 0.20% over the last week, with a monthly amount glided 1.39%, and seem to be holding up well over a long-time horizon.

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On 28, July 2022, Integer Holdings Corporation Reports Second Quarter 2022 Results. In a post published today on Yahoo Finance, ~ 2Q22 sales and profit consistent with expectations ~~ Increasing 2022 sales and operating income outlook ~.

From an analyst’s perspective:

Integer Holdings Corporation [NYSE: ITGR] stock has seen the most recent analyst activity on June 09, 2021, when Argus upgraded its rating to a Buy but kept the price target unchanged to $100 for it. Previously, Argus downgraded its rating to Hold on October 07, 2020. On May 14, 2020, The Benchmark Company initiated with a Buy rating and assigned a price target of $105 on the stock. KeyBanc Capital Mkts reiterated its Overweight rating and increased its price target to $78 on July 06, 2018. Argus initiated its recommendation with a Buy and recommended $78 as its price target on June 27, 2018. Northcoast downgraded its rating to Neutral for this stock on October 23, 2017.

This stock has fluctuated between a low of $64.95 and a high of $100.71 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $104.33 within the next 12 months. Integer Holdings Corporation [NYSE: ITGR] shares were valued at $70.16 at the most recent close of the market. An investor can expect a potential return of 48.7% based on the average price forecast.

Analyzing the ITGR fundamentals

Recent quarter sales for Integer Holdings Corporation [NYSE:ITGR] were 310.97 billion which represents 7.00% growth. Gross Margin for this corporation currently stands at +25.19% with Operating Margin at +11.64%, Pretax Margin comes in at +8.27%, and Net Margin reading is +7.61%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 69.39 points at the first support level, and at 68.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.30, and for the 2nd resistance point, it is at 72.43.

Integer Holdings Corporation [ITGR] reported earnings per share of $1.04 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.96/share, meaning a difference of $0.08 and a surprise factor of 8.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.78 per share as compared to estimates of $0.85 per share, a difference of $-0.07 representing a surprise of -8.20%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Integer Holdings Corporation [NYSE:ITGR] is 2.90. As well, the Quick Ratio is 1.86, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 2.33, the price to book ratio is 2.09 and the P/E (TTM) ratio is 28.18.

Transactions by insiders

Insider trading has also been a hot topic recently, with 8 insiders purchasing 20,966 shares and 1 selling 773 shares in the past 3 months. Recent insider trading involved Hobby Jean M., Director, that happened on Mar 02 when 3125.0 shares were sold. Director, Hobby Jean M. completed a deal on Dec 07 to sell 1200.0 shares. Meanwhile, Director BAILEY PAMELA G sold 7231.0 shares on Dec 06.