II-VI (IIVI) Receives News Sentiment Rating of 0.33

News stories about II-VI (NASDAQ:IIVI) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. II-VI earned a daily sentiment score of 0.33 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.6270771733296 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

A number of brokerages have recently commented on IIVI. BidaskClub upgraded II-VI from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. B. Riley boosted their target price on shares of II-VI from $39.50 to $40.50 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of II-VI from a “sell” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Friday, November 3rd. Needham & Company LLC boosted their target price on shares of II-VI from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 13th. Finally, Craig Hallum reissued a “buy” rating and set a $58.00 target price (up from $50.00) on shares of II-VI in a research note on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.64.

Shares of II-VI (NASDAQ:IIVI) traded up $0.50 during trading hours on Friday, reaching $44.95. 1,007,321 shares of the company’s stock traded hands, compared to its average volume of 929,836. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.63 and a current ratio of 3.89. II-VI has a 52 week low of $27.25 and a 52 week high of $52.55. The firm has a market cap of $2,803.58, a P/E ratio of 27.08 and a beta of 0.03.

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 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 for the quarter, compared to analyst estimates of $255.20 million. During the same period last year, the firm earned $0.35 earnings per share. II-VI’s revenue for the quarter was up 18.1% compared to the same quarter last year. analysts expect that II-VI will post 1.55 EPS for the current year.

In other news, CFO Mary Jane Raymond sold 1,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 53,415 shares of the company’s stock, valued at $2,403,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Francis J. Kramer sold 25,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $42.00, for a total transaction of $1,050,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,712 shares of company stock worth $2,749,046. Company insiders own 3.80% of the company’s stock.

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II-VI Company Profile

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.

Insider Buying and Selling by Quarter for II-VI (NASDAQ:IIVI)

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