Intevac, Inc. (IVAC) Set to Announce Quarterly Earnings on Monday
Intevac, Inc. (NASDAQ:IVAC) will issue its quarterly earnings data after the market closes on Monday, October 30th.
Intevac (NASDAQ:IVAC) last announced its quarterly earnings data on Monday, July 31st. The electronics maker reported $0.05 earnings per share for the quarter. Intevac had a net margin of 4.68% and a return on equity of 7.29%. The company had revenue of $31.00 million during the quarter, compared to analyst estimates of $28.76 million. During the same period in the previous year, the business earned ($0.18) EPS. The firm’s revenue for the quarter was up 108.1% on a year-over-year basis. On average, analysts expect Intevac to post $0.12 EPS for the current fiscal year and $0.42 EPS for the next fiscal year.
Shares of Intevac, Inc. (NASDAQ:IVAC) traded down 2.147% during trading on Monday, reaching $7.975. 22,259 shares of the company were exchanged. Intevac, Inc. has a 1-year low of $5.60 and a 1-year high of $14.15. The company’s 50-day moving average is $8.49 and its 200 day moving average is $10.92. The firm has a market capitalization of $173.71 million, a PE ratio of 32.287 and a beta of 1.04.
An institutional investor recently raised its position in Intevac stock. State Street Corp increased its holdings in shares of Intevac, Inc. (NASDAQ:IVAC) by 1,307.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,157 shares of the electronics maker’s stock after purchasing an additional 228,670 shares during the period. State Street Corp owned approximately 1.13% of Intevac worth $2,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 70.14% of the company’s stock.
IVAC has been the subject of several recent analyst reports. Roth Capital set a $14.00 target price on shares of Intevac and gave the company a “buy” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Maxim Group restated a “buy” rating and issued a $13.00 target price on shares of Intevac in a research note on Wednesday, October 11th. Zacks Investment Research upgraded shares of Intevac from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Monday, July 17th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Intevac in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Intevac currently has a consensus rating of “Hold” and a consensus target price of $13.20.
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Intevac Company Profile
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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