New Lifetime High For Integra Lifesciences Holdings (IART)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Integra Lifesciences Holdings ( IART) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Integra Lifesciences Holdings as such a stock due to the following factors:

  • IART has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.1 million.
  • IART has traded 557 shares today.
  • IART is trading at a new lifetime high.

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More details on IART:

Integra LifeSciences Holdings Corporation develops, manufactures, and markets surgical implants and medical instruments for use in neurosurgery, extremity reconstruction, orthopedics, and general surgery. The company operates in five segments: U.S. Neurosurgery; U.S. Extremities; U.S. IART has a PE ratio of 57. Currently there are 6 analysts that rate Integra Lifesciences Holdings a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for Integra Lifesciences Holdings has been 177,200 shares per day over the past 30 days. Integra Lifesciences has a market cap of $2.3 billion and is part of the health care sector and health services industry. The stock has a beta of 0.74 and a short float of 10% with 14.37 days to cover. Shares are up 25.4% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Integra Lifesciences Holdings as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:
  • INTEGRA LIFESCIENCES HLDGS reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, INTEGRA LIFESCIENCES HLDGS turned its bottom line around by earning $1.04 versus -$0.81 in the prior year. This year, the market expects an improvement in earnings ($3.24 versus $1.04).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Health Care Equipment & Supplies industry. The net income increased by 280.1% when compared to the same quarter one year prior, rising from $2.21 million to $8.38 million.
  • IART's revenue growth trails the industry average of 22.2%. Since the same quarter one year prior, revenues slightly increased by 8.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.90, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. To add to this, IART has a quick ratio of 1.63, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Net operating cash flow has significantly increased by 180.95% to $31.62 million when compared to the same quarter last year. In addition, INTEGRA LIFESCIENCES HLDGS has also vastly surpassed the industry average cash flow growth rate of 5.22%.

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