Equities research analysts predict that Intevac, Inc. (NASDAQ:IVAC) will report sales of $24.90 million for the current quarter, Zacks reports. Two analysts have provided estimates for Intevac’s earnings, with the highest sales estimate coming in at $25.30 million and the lowest estimate coming in at $24.50 million. Intevac reported sales of $28.98 million during the same quarter last year, which indicates a negative year-over-year growth rate of 14.1%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Intevac will report full year sales of $24.90 million for the current fiscal year, with estimates ranging from $112.00 million to $112.58 million. For the next year, analysts expect that the company will report sales of $138.50 million per share, with estimates ranging from $135.00 million to $142.00 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Intevac.

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

Several research analysts have commented on the company. Zacks Investment Research downgraded Intevac from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. B. Riley restated a “buy” rating and set a $14.00 price objective on shares of Intevac in a report on Tuesday, October 31st. Benchmark restated a “hold” rating on shares of Intevac in a report on Tuesday, October 31st. Noble Financial upgraded Intevac from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Maxim Group restated a “buy” rating and set a $13.00 price objective on shares of Intevac in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Intevac has a consensus rating of “Buy” and an average price target of $12.60.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVAC. Schwab Charles Investment Management Inc. purchased a new position in Intevac during the 2nd quarter worth $363,000. Rhumbline Advisers purchased a new position in shares of Intevac in the 2nd quarter valued at $225,000. Bank of New York Mellon Corp increased its holdings in shares of Intevac by 234.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 56,761 shares of the electronics maker’s stock valued at $630,000 after acquiring an additional 39,814 shares during the period. Teachers Advisors LLC purchased a new position in shares of Intevac in the 2nd quarter valued at $382,000. Finally, TIAA CREF Investment Management LLC purchased a new position in shares of Intevac in the 2nd quarter valued at $577,000. Institutional investors own 70.10% of the company’s stock.

Shares of Intevac (NASDAQ IVAC) traded up $0.05 during mid-day trading on Wednesday, hitting $6.70. The company had a trading volume of 25,824 shares, compared to its average volume of 135,603. Intevac has a 52-week low of $6.20 and a 52-week high of $14.15. The company has a market cap of $145.99, a price-to-earnings ratio of 20.94 and a beta of 0.85.

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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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