II-VI (NASDAQ:IIVI) is set to issue its quarterly earnings data 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 posted its earnings results on Tuesday, October 31st. The scientific and technical instruments company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The firm had revenue of $261.50 million during the quarter, compared to analysts’ expectations of $255.20 million. II-VI had a return on equity of 12.25% and a net margin of 9.89%. II-VI’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. 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 $52.95 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.89 and a quick ratio of 2.63. The company has a market capitalization of $3,360.00, a PE ratio of 34.38 and a beta of 0.03. II-VI has a 52-week low of $27.25 and a 52-week high of $53.08.
In other II-VI news, VP David G. Wagner sold 6,577 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $47.63, for a total transaction of $313,262.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Mary Jane Raymond sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the chief financial officer now owns 53,415 shares in the company, valued at $2,403,675. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,712 shares of company stock worth $1,699,046. Company insiders own 3.80% of the company’s stock.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded II-VI from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday, September 27th. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of II-VI in a research report on Wednesday, November 1st. B. Riley upped their price objective on II-VI from $39.50 to $40.50 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Benchmark restated a “buy” rating and set a $52.00 price objective (up from $44.00) on shares of II-VI in a research report on Wednesday, November 1st. Finally, Craig Hallum restated a “buy” rating and set a $58.00 price objective (up from $50.00) on shares of II-VI in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. II-VI presently has an average rating of “Buy” and a consensus target price of $50.64.
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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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