Analysts Offer Predictions for II-VI, Inc.’s Q3 2018 Earnings (IIVI)

II-VI, Inc. (NASDAQ:IIVI) – Research analysts at B. Riley dropped their Q3 2018 earnings estimates for shares of II-VI in a research report issued on Friday. B. Riley analyst D. Kang now anticipates that the scientific and technical instruments company will earn $0.37 per share for the quarter, down from their previous estimate of $0.38. B. Riley has a “Neutral” rating and a $40.50 price objective on the stock. B. Riley also issued estimates for II-VI’s Q4 2018 earnings at $0.44 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.64 EPS and FY2019 earnings at $2.22 EPS.

II-VI (NASDAQ:IIVI) last issued its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $281.50 million during the quarter, compared to the consensus estimate of $277.16 million. II-VI had a return on equity of 11.30% and a net margin of 8.08%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share.

IIVI has been the subject of a number of other research reports. Zacks Investment Research downgraded II-VI from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Benchmark reaffirmed a “buy” rating and set a $52.00 target price (up previously from $44.00) on shares of II-VI in a report on Wednesday, November 1st. BidaskClub downgraded II-VI from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. lifted 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. Finally, Craig Hallum reaffirmed a “buy” rating and set a $58.00 target price (up previously from $50.00) on shares of II-VI in a report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $52.44.

Shares of II-VI (NASDAQ:IIVI) opened at $41.83 on Monday. The company has a quick ratio of 2.63, a current ratio of 3.89 and a debt-to-equity ratio of 0.43. II-VI has a twelve month low of $27.25 and a twelve month high of $53.08. The firm has a market capitalization of $2,610.00 and a PE ratio of 31.69.

A number of hedge funds have recently made changes to their positions in IIVI. Nationwide Fund Advisors raised its position in II-VI by 0.8% during the second quarter. Nationwide Fund Advisors now owns 41,893 shares of the scientific and technical instruments company’s stock valued at $1,437,000 after acquiring an additional 339 shares in the last quarter. Argent Capital Management LLC purchased a new position in II-VI during the second quarter valued at approximately $1,610,000. Piedmont Investment Advisors LLC purchased a new position in II-VI during the second quarter valued at approximately $407,000. Bridge City Capital LLC raised its position in II-VI by 8.7% during the third quarter. Bridge City Capital LLC now owns 41,025 shares of the scientific and technical instruments company’s stock valued at $1,688,000 after acquiring an additional 3,280 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its position in II-VI by 83.0% during the third 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 in the last quarter. Institutional investors own 80.49% of the company’s stock.

In related news, Director Howard H. Xia sold 4,135 shares of II-VI stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $51.58, for a total transaction of $213,283.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David G. Wagner sold 6,577 shares of II-VI stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $47.63, for a total value of $313,262.51. The disclosure for this sale can be found here. Insiders own 3.80% 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.

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

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