II-VI, Inc. (IIVI) Expected to Post Quarterly Sales of $276.99 Million

Equities analysts expect II-VI, Inc. (NASDAQ:IIVI) to announce sales of $276.99 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for II-VI’s earnings. The highest sales estimate is $277.00 million and the lowest is $276.98 million. II-VI posted sales of $231.82 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.5%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that II-VI will report full year sales of $276.99 million for the current fiscal year, with estimates ranging from $1.12 billion to $1.15 billion. For the next year, analysts anticipate that the business will report sales of $1.29 billion per share, with estimates ranging from $1.28 billion to $1.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for II-VI.

II-VI (NASDAQ:IIVI) last posted its earnings results on Tuesday, October 31st. The scientific and technical instruments company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). The firm 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 firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS.

A number of brokerages have recently commented on IIVI. Needham & Company LLC increased their price target on shares of II-VI from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 13th. Northland Securities lowered shares of II-VI from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. BidaskClub raised shares of II-VI from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. upped their price objective on shares of II-VI from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research lowered shares of II-VI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.06.

In related news, VP David G. Wagner sold 6,577 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Howard H. Xia sold 4,135 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $51.58, for a total transaction of $213,283.30. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

A number of large investors have recently modified their holdings of IIVI. Pinebridge Investments L.P. grew its holdings in II-VI by 1.9% in the second quarter. Pinebridge Investments L.P. now owns 7,237 shares of the scientific and technical instruments company’s stock valued at $249,000 after purchasing an additional 137 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of II-VI during the second quarter valued at $407,000. SG Americas Securities LLC boosted its position in II-VI by 73.0% during the fourth quarter. SG Americas Securities LLC now owns 12,642 shares of the scientific and technical instruments company’s stock valued at $594,000 after purchasing an additional 5,333 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in II-VI by 4.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 23,600 shares of the scientific and technical instruments company’s stock valued at $1,108,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in II-VI by 0.8% during the second quarter. Nationwide Fund Advisors now owns 41,893 shares of the scientific and technical instruments company’s stock valued at $1,437,000 after purchasing an additional 339 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Shares of II-VI (NASDAQ IIVI) traded up $0.22 during mid-day trading on Monday, hitting $42.87. 282,567 shares of the company were exchanged, compared to its average volume of 728,165. II-VI has a 12 month low of $27.25 and a 12 month high of $53.08. The company has a quick ratio of 2.63, a current ratio of 3.89 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2,775.49, a PE ratio of 27.69 and a beta of 0.03.

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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.

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Earnings History and Estimates for II-VI (NASDAQ:IIVI)

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