Intevac (IVAC) Releases Q4 Earnings Guidance
Intevac (NASDAQ:IVAC) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.00 for the period, compared to the Thomson Reuters consensus estimate of ($0.06). The company issued revenue guidance of $24.8 million, compared to the consensus revenue estimate of $24.58 million.
Shares of Intevac (IVAC) opened at $6.75 on Thursday. The stock has a market capitalization of $147.08, a PE ratio of 21.77 and a beta of 0.85. Intevac has a 12-month low of $6.20 and a 12-month high of $14.15.
Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $26.70 million for 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%. Intevac’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS. research analysts predict that Intevac will post 0.12 earnings per share for the current year.
A hedge fund recently raised its stake in Intevac stock. State Street Corp lifted its holdings in shares of Intevac, Inc. (NASDAQ:IVAC) by 1,307.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. 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 1.13% of Intevac worth $2,732,000 at the end of the most recent reporting period. Institutional investors own 70.11% of the company’s stock.
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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