ITGR's research and product development activities raise optimism about the stock. Rising demand for its products bodes well for the company.
ITGR shares gain on the back of growth in the Medical segment. However, dependence on third-party suppliers is concerning.
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Wells Fargo analyst Nathan Treybeck resumed coverage of Integer with an Overweight rating and $160 price target. Wells believes that year over year comps are normalized in 2025 and that the company has several tailwinds that could drive upside to Street estimates, the analyst tells investors in a research note. The firm also expects pricing to continue to be neutral to positive in 2025 and does not expect Mexico tariffs to have a margin impact.
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ITGR shares gain on the back of growth in the Medical segment. However, fluctuations in the oil and energy market are concerning.
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ITGR's third-quarter results reflect solid Medical sales and margin expansion amid the divestiture of its Electrochem business.
Integer Holdings Corporation (NYSE:ITGR ) Q3 2024 Earnings Call Transcript October 24, 2024 9:00 AM ET Company Participants Andrew Senn - SVP of Strategy, Business Development and IR Joe Dziedzic - President and CEO Diron Smith - EVP and CFO Conference Call Participants Brett Fishbin - KeyBanc Craig Bijou - Bank of America Rich Newitter - Truist Securities Joanne Wuensch - Citi Matthew O'Brien - Piper Sandler Kristen Stewart - CL King Suraj Kalia - Oppenheimer Operator Hello, and welcome to the Integer Holdings Corporation Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.
Although the revenue and EPS for Integer (ITGR) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.