Headlines about II-VI (NASDAQ:IIVI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. II-VI earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 46.141256512389 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- ETFs with exposure to II-VI, Inc. : December 8, 2017 (finance.yahoo.com)
- II-VI Incorporated (IIVI) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Zacks: Analysts Expect II-VI Incorporated (IIVI) to Post $0.37 EPS (americanbankingnews.com)
- II-VI, Inc. :IIVI-US: Earnings Analysis: Q1, 2018 By the Numbers : December 7, 2017 (finance.yahoo.com)
- II-VI, Inc. – Value Analysis (NASDAQ:IIVI) : December 6, 2017 (finance.yahoo.com)
II-VI (IIVI) opened at $44.20 on Friday. The company has a current ratio of 3.89, a quick ratio of 2.63 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 $52.55. The stock has a market capitalization of $2,710.00, a PE ratio of 26.17 and a beta of 0.03.
II-VI (NASDAQ:IIVI) last released its quarterly 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 return on equity of 12.25% and a net margin of 9.89%. The company had revenue of $261.50 million for the quarter, compared to analysts’ expectations of $255.20 million. During the same period in the prior year, the business earned $0.35 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. sell-side analysts forecast that II-VI will post 1.55 EPS for the current year.
Several research firms recently commented on IIVI. B. Riley increased their target price on II-VI from $39.50 to $40.50 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Zacks Investment Research raised II-VI from a “sell” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Friday, November 3rd. Needham & Company LLC increased their target price on II-VI from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, November 13th. BidaskClub lowered II-VI from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Craig Hallum reaffirmed a “buy” rating and set a $58.00 price objective (up previously from $50.00) on shares of II-VI in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. II-VI presently has an average rating of “Buy” and a consensus price target of $50.64.
In related news, VP David G. Wagner sold 6,577 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $47.63, for a total value of $313,262.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mary Jane Raymond sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the sale, the chief financial officer now owns 53,415 shares of the company’s stock, valued at approximately $2,403,675. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,712 shares of company stock worth $2,749,046. Corporate insiders own 3.80% of the company’s stock.
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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