Analysts expect Intevac, Inc. (NASDAQ:IVAC) to report ($0.07) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Intevac’s earnings, with estimates ranging from ($0.07) to ($0.06). Intevac reported earnings per share of $0.13 during the same quarter last year, which suggests a negative year over year growth rate of 153.8%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Intevac will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.12. For the next fiscal year, analysts expect that the business will report earnings of $0.37 per share, with EPS estimates ranging from $0.35 to $0.39. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Intevac.

Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $26.70 million during the quarter, compared to the consensus estimate of $25.50 million. Intevac had a return on equity of 8.80% and a net margin of 5.97%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) EPS.

Several brokerages recently weighed in on IVAC. B. Riley restated a “buy” rating and set a $16.00 target price on shares of Intevac in a research note on Sunday, August 6th. Zacks Investment Research downgraded Intevac from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Noble Financial upgraded Intevac from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Benchmark restated a “hold” rating on shares of Intevac in a research note on Tuesday, October 31st. Finally, Maxim Group restated a “buy” rating and set a $13.00 target price on shares of Intevac in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Intevac has a consensus rating of “Hold” and an average target price of $12.60.

Shares of Intevac (IVAC) traded down $0.25 during trading hours on Monday, reaching $7.15. The company had a trading volume of 79,917 shares, compared to its average volume of 171,559. Intevac has a 1 year low of $6.20 and a 1 year high of $14.15. The company has a market cap of $161.24, a P/E ratio of 24.67 and a beta of 0.85.

Large investors have recently made changes to their positions in the stock. D.A. Davidson & CO. bought a new stake in Intevac during the 2nd quarter valued at approximately $117,000. Nationwide Fund Advisors raised its holdings in Intevac by 695.2% in the 2nd quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock valued at $137,000 after acquiring an additional 10,797 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Intevac in the 2nd quarter valued at approximately $191,000. The Manufacturers Life Insurance Company raised its holdings in Intevac by 1,393.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,568 shares of the electronics maker’s stock valued at $195,000 after acquiring an additional 16,392 shares in the last quarter. Finally, Rhumbline Advisers acquired a new position in Intevac in the 2nd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 70.23% of the company’s stock.

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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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Earnings History and Estimates for Intevac (NASDAQ:IVAC)

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