II-VI (IIVI) to Release Earnings on Monday
II-VI (NASDAQ:IIVI) will post its quarterly earnings results 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 announced its earnings results on Tuesday, October 31st. The scientific and technical instruments company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analyst estimates of $255.20 million. During the same period in the prior year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, analysts expect II-VI to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of II-VI (NASDAQ IIVI) opened at $51.45 on Monday. 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 P/E ratio of 33.41 and a beta of 0.03. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.89 and a quick ratio of 2.63.
IIVI has been the subject of a number of analyst reports. Needham & Company LLC raised their price target on II-VI from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 13th. boosted their price target on II-VI from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. BidaskClub upgraded II-VI from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded II-VI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Craig Hallum restated a “buy” rating and issued a $58.00 price target (up from $50.00) on shares of II-VI in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.64.
In other II-VI news, CFO Mary Jane Raymond sold 1,000 shares of II-VI stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,415 shares of the company’s stock, valued at approximately $2,403,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Francis J. Kramer sold 25,000 shares of II-VI stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $45.10, for a total value of $1,127,500.00. Following the completion of the transaction, the director now directly owns 286,259 shares of the company’s stock, valued at $12,910,280.90. The disclosure for this sale can be found here. Insiders sold a total of 36,712 shares of company stock valued at $1,699,046 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.
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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.
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