II-VI (IIVI) to Release Earnings on Monday

II-VI (NASDAQ:IIVI) is scheduled to release its earnings data before the market opens on Monday, January 22nd. II-VI has set its Q2 guidance at $0.35-0.38 EPS.

II-VI (NASDAQ:IIVI) last posted its quarterly earnings results on Tuesday, October 31st. The scientific and technical instruments company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). II-VI had a net margin of 9.89% and a return on equity of 12.25%. The firm had revenue of $261.50 million during the quarter, compared to the consensus estimate of $255.20 million. During the same quarter in the prior year, the business earned $0.35 EPS. II-VI’s revenue was up 18.1% on a year-over-year basis. On average, analysts expect II-VI to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

II-VI (NASDAQ:IIVI) opened at $51.45 on Monday. The company has a current ratio of 3.89, a quick ratio of 2.63 and a debt-to-equity ratio of 0.43. II-VI has a 1-year low of $27.25 and a 1-year high of $52.55. The stock has a market capitalization of $3,210.00, a PE ratio of 33.41 and a beta of 0.03.

A number of brokerages have issued reports on IIVI. BidaskClub upgraded II-VI from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. raised their target price on II-VI from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Needham & Company LLC raised their target price on II-VI from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 13th. ValuEngine lowered II-VI from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $58.00 price target (up previously from $50.00) on shares of II-VI in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. II-VI presently has an average rating of “Buy” and an average price target of $50.64.

In other news, VP David G. Wagner sold 6,577 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $47.63, for a total transaction of $313,262.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mary Jane Raymond sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the chief financial officer now directly owns 53,415 shares in the company, valued at approximately $2,403,675. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,712 shares of company stock worth $1,699,046. 3.80% of the stock is currently owned by insiders.

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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.

Earnings History for II-VI (NASDAQ:IIVI)

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