Intevac (IVAC) Scheduled to Post Quarterly Earnings on Tuesday

Intevac (NASDAQ:IVAC) will be announcing its earnings results after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 EPS for the quarter. The business had revenue of $26.70 million during the quarter, compared to analyst estimates of $25.50 million. Intevac had a return on equity of 8.80% and a net margin of 5.97%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the business posted ($0.02) earnings per share. On average, analysts expect Intevac to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Intevac (NASDAQ:IVAC) opened at $7.20 on Tuesday. The stock has a market capitalization of $156.88, a price-to-earnings ratio of 22.50 and a beta of 0.85. Intevac has a 52 week low of $6.20 and a 52 week high of $14.15.

An institutional investor recently raised its position in Intevac stock. State Street Corp increased its stake in Intevac, Inc. (NASDAQ:IVAC) by 1,307.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,157 shares of the electronics maker’s stock after acquiring an additional 228,670 shares during the period. State Street Corp owned approximately 1.13% of Intevac worth $2,732,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 70.10% of the company’s stock.

Several brokerages have recently issued reports on IVAC. Zacks Investment Research cut Intevac from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. B. Riley reiterated a “buy” rating and issued a $14.00 price objective on shares of Intevac in a research note on Tuesday, October 31st. Benchmark reiterated a “hold” rating on shares of Intevac in a research note on Tuesday, October 31st. Noble Financial upgraded Intevac from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Maxim Group reiterated a “buy” rating and issued a $13.00 price objective on shares of Intevac in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Intevac currently has an average rating of “Buy” and an average price target of $12.60.

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About Intevac

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.

Earnings History for Intevac (NASDAQ:IVAC)

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