II-VI Incorporated (IIVI) Scheduled to Post Earnings on Tuesday
II-VI Incorporated (NASDAQ:IIVI) will post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect II-VI to post earnings of $0.36 per share for the quarter. II-VI has set its Q1 guidance at $0.37-0.41 EPS.
II-VI (NASDAQ:IIVI) last posted its earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.17. II-VI had a net margin of 9.80% and a return on equity of 12.94%. The firm had revenue of $273.70 million during the quarter, compared to analysts’ expectations of $249.90 million. During the same period last year, the company posted $0.40 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts expect II-VI to post $1.92 EPS for the current fiscal year and $2.57 EPS for the next fiscal year.
II-VI Incorporated (NASDAQ IIVI) traded up 1.678% during midday trading on Tuesday, hitting $43.925. 376,273 shares of the stock traded hands. The firm’s 50-day moving average is $40.14 and its 200-day moving average is $35.64. II-VI Incorporated has a 52-week low of $25.55 and a 52-week high of $44.33. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 29.679 and a beta of 0.09.
A number of analysts recently weighed in on the stock. Benchmark Co. reaffirmed a “buy” rating and issued a $40.00 price objective on shares of II-VI in a research note on Tuesday, July 4th. Northland Securities assumed coverage on shares of II-VI in a research note on Thursday, July 6th. They issued an “outperform” rating and a $45.00 price objective for the company. BidaskClub raised shares of II-VI from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Craig Hallum assumed coverage on shares of II-VI in a research note on Monday, July 24th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, B. Riley lowered shares of II-VI from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $35.75 to $39.50 in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. II-VI has an average rating of “Buy” and a consensus price target of $44.92.
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In related news, Director Francis J. Kramer sold 25,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $42.00, for a total value of $1,050,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by corporate insiders.
II-VI Company Profile
II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The II-VI Laser Solutions segment designs, manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names.
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