Equities analysts expect that Intevac, Inc. (NASDAQ:IVAC) will report sales of $17.90 million for the current quarter, according to Zacks. Two analysts have issued estimates for Intevac’s earnings, with the highest sales estimate coming in at $18.00 million and the lowest estimate coming in at $17.80 million. Intevac posted sales of $30.39 million in the same quarter last year, which suggests a negative year over year growth rate of 41.1%. The company is scheduled to report its next earnings results on Monday, May 7th.
On average, analysts expect that Intevac will report full-year sales of $17.90 million for the current financial year, with estimates ranging from $124.20 million to $124.50 million. For the next year, analysts anticipate that the firm will report sales of $150.00 million per share. Zacks’ sales calculations are an average based on a survey of research firms that cover Intevac.
Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Wednesday, January 31st. The electronics maker reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. The business had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $24.80 million. Intevac had a net margin of 3.65% and a return on equity of 4.89%. The business’s revenue was down 14.5% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS.
Shares of Intevac (NASDAQ:IVAC) opened at $6.30 on Tuesday. The company has a market cap of $135.09, a P/E ratio of 36.47 and a beta of 0.90. Intevac has a one year low of $6.10 and a one year high of $14.15.
In related news, major shareholder April Fund Ltd. 21 purchased 21,300 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $6.32 per share, with a total value of $134,616.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David S. Dury purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $6.23 per share, for a total transaction of $31,150.00. Following the purchase, the director now directly owns 34,000 shares in the company, valued at approximately $211,820. The disclosure for this purchase can be found here. Insiders purchased a total of 246,723 shares of company stock worth $1,613,930 in the last three months. 16.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in IVAC. Royce & Associates LP lifted its holdings in Intevac by 24.2% in the 4th quarter. Royce & Associates LP now owns 1,741,646 shares of the electronics maker’s stock valued at $11,930,000 after purchasing an additional 338,871 shares in the last quarter. State Street Corp lifted its holdings in Intevac by 1,307.7% in the 2nd quarter. State Street Corp now owns 246,157 shares of the electronics maker’s stock valued at $2,732,000 after purchasing an additional 228,670 shares in the last quarter. Algert Global LLC lifted its holdings in Intevac by 65.6% in the 3rd quarter. Algert Global LLC now owns 248,552 shares of the electronics maker’s stock valued at $2,100,000 after purchasing an additional 98,468 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new position in Intevac in the 2nd quarter valued at $577,000. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in Intevac by 32.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 171,000 shares of the electronics maker’s stock valued at $1,171,000 after purchasing an additional 41,670 shares in the last quarter. Institutional investors own 70.17% of the company’s stock.
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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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