II-VI (IIVI) to Release Quarterly Earnings on Monday

II-VI (NASDAQ:IIVI) is set to release its 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 issued its quarterly earnings results on Tuesday, October 31st. The scientific and technical instruments company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). The company had revenue of $261.50 million during the quarter, compared to analyst estimates of $255.20 million. II-VI had a net margin of 9.89% and a return on equity of 12.25%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. 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 firm has a market capitalization of $3,300.00, a PE ratio of 34.38 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. II-VI has a one year low of $27.25 and a one year high of $53.08.

In related news, CFO Mary Jane Raymond sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was 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 $2,403,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David G. Wagner sold 6,577 shares of the firm’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 value of $313,262.51. The disclosure for this sale can be found here. Insiders have sold 36,712 shares of company stock valued at $1,699,046 in the last ninety days. 3.80% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on IIVI. BidaskClub raised II-VI from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Zacks Investment Research raised II-VI from a “hold” rating to a “strong-buy” rating and set a $46.00 price target for the company in a research note on Wednesday, September 27th. Benchmark reissued a “buy” rating and issued a $52.00 price target (up previously from $44.00) on shares of II-VI in a research note on Wednesday, November 1st. B. Riley increased their price target on II-VI from $39.50 to $40.50 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of II-VI in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. II-VI has an average rating of “Buy” and an average target price of $50.64.

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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.

Earnings History for II-VI (NASDAQ:IIVI)

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