$0.01 EPS Expected for Intevac, Inc. (NASDAQ:IVAC) This Quarter
Analysts expect that Intevac, Inc. (NASDAQ:IVAC) will post $0.01 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Intevac’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.00. Intevac posted earnings of ($0.02) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The business is expected to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Intevac will report full-year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.14. For the next fiscal year, analysts forecast that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.20 to $0.51. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Intevac.
Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, July 31st. The electronics maker reported $0.05 EPS for the quarter. The business had revenue of $31 million during the quarter, compared to analysts’ expectations of $28.76 million. Intevac had a net margin of 4.68% and a return on equity of 7.29%. The firm’s quarterly revenue was up 108.1% compared to the same quarter last year. During the same period last year, the company posted ($0.18) earnings per share.
A number of research analysts have issued reports on the company. BidaskClub upgraded Intevac from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Roth Capital set a $14.00 target price on Intevac and gave the company a “buy” rating in a research report on Friday, July 28th. Maxim Group reissued a “buy” rating and set a $15.00 price target on shares of Intevac in a research note on Tuesday, May 2nd. Zacks Investment Research lowered Intevac from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, B. Riley reissued a “buy” rating and set a $16.00 price target on shares of Intevac in a research note on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.60.
Intevac (NASDAQ IVAC) traded up 3.41% during mid-day trading on Friday, hitting $9.10. 118,114 shares of the company traded hands. The company has a market capitalization of $198.22 million, a price-to-earnings ratio of 36.84 and a beta of 1.02. The company’s 50-day moving average price is $10.93 and its 200 day moving average price is $11.63. Intevac has a one year low of $5.60 and a one year high of $14.15.
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Hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. purchased a new stake in shares of Intevac during the second quarter worth approximately $117,000. Acadian Asset Management LLC purchased a new stake in shares of Intevac during the first quarter worth approximately $127,000. Nationwide Fund Advisors raised its stake in shares of Intevac by 695.2% in the second quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock worth $137,000 after buying an additional 10,797 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of Intevac by 218.2% in the first quarter. Acrospire Investment Management LLC now owns 17,075 shares of the electronics maker’s stock worth $213,000 after buying an additional 11,709 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of Intevac during the second quarter worth approximately $225,000. 66.07% of the stock is currently owned by hedge funds and other institutional investors.
Intevac, Inc (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives.
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