Wall Street analysts expect that II-VI Incorporated (NASDAQ:IIVI) will post $0.37 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for II-VI’s earnings. II-VI posted earnings of $0.49 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 24.5%. The firm is scheduled to report its next earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that II-VI will report full-year earnings of $1.55 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $2.18 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for II-VI.

II-VI (NASDAQ:IIVI) last announced its quarterly earnings data on Tuesday, October 31st. The scientific and technical instruments company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The business had revenue of $261.50 million during the quarter, compared to analyst estimates of $255.20 million. II-VI had a net margin of 9.89% and a return on equity of 12.25%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS.

A number of brokerages recently issued reports on IIVI. B. Riley reiterated a “neutral” rating and issued a $39.50 price target on shares of II-VI in a research note on Thursday, August 10th. BidaskClub downgraded shares of II-VI from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of II-VI in a research note on Wednesday, August 9th. ValuEngine downgraded shares of II-VI from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of II-VI from a “hold” rating to a “strong-buy” rating and set a $46.00 price target for the company in a research note on Wednesday, September 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.64.

Shares of II-VI (NASDAQ:IIVI) traded up $0.75 during mid-day trading on Thursday, hitting $43.45. 777,600 shares of the company were exchanged, compared to its average volume of 687,852. II-VI has a 52-week low of $27.25 and a 52-week high of $52.55. The company has a quick ratio of 2.63, a current ratio of 3.89 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $2,663.22, a PE ratio of 25.72 and a beta of 0.03.

In other news, Director Francis J. Kramer sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $42.00, for a total transaction of $1,050,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David G. Wagner sold 6,577 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $47.63, for a total transaction of $313,262.51. The disclosure for this sale can be found here. Insiders sold 61,712 shares of company stock valued at $2,749,046 in the last quarter. 3.80% of the stock is owned by insiders.

Several large investors have recently modified their holdings of IIVI. Assetmark Inc. lifted its position in shares of II-VI by 157.5% during the 3rd quarter. Assetmark Inc. now owns 137,616 shares of the scientific and technical instruments company’s stock worth $5,663,000 after buying an additional 84,176 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of II-VI by 83.0% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 137,480 shares of the scientific and technical instruments company’s stock valued at $5,657,000 after acquiring an additional 62,335 shares during the period. EAM Investors LLC acquired a new position in shares of II-VI in the 3rd quarter valued at $2,252,000. Argent Capital Management LLC acquired a new position in shares of II-VI in the 2nd quarter valued at $1,610,000. Finally, Bridge City Capital LLC acquired a new position in shares of II-VI in the 2nd quarter valued at $1,295,000. Institutional investors and hedge funds own 80.54% of the company’s stock.

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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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Earnings History and Estimates for II-VI (NASDAQ:IIVI)

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