Integer Holdings Corp (NYSE: ITGR) has reported earnings for its second fiscal quarter (ending June 30) of $0.93 versus $0.72 for the same period a year ago — an increase of 29%. However, this result fell short of the consensus estimate of $1.25 by $-0.32. E.P.S. were $3.15 for the latest four quarters through June 30 versus $2.11 for the same period a year ago — an increase of 49%.
Recent Price Action
Integer Holdings Corp (NYSE: ITGR) stock closed at $115.68 on 7/25/24 after a large decline of -7.1%. Moreover, exceptionally high trading volume at 339% of normal accompanied the decline. The stock has declined -7.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ITGR is expected to continue to be an important Value Builder.
Integer Holdings has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Integer Holdings has a slightly negative Appreciation Score of 34 but a good Power Rating of 83, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment