II-VI Inc. (NASDAQ:IIVI) will issue its Q217 quarterly earnings data on Tuesday, January 24th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $225.88 million for the quarter.
II-VI (NASDAQ:IIVI) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.12. II-VI had a net margin of 7.51% and a return on equity of 11.37%. The firm had revenue of $244.30 million for the quarter, compared to the consensus estimate of $220.04 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts expect II-VI to post $1.13 EPS for the current fiscal year and $1.59 EPS for the next fiscal year.
II-VI Inc. (NASDAQ:IIVI) opened at 30.20 on Friday. II-VI Inc. has a 1-year low of $16.65 and a 1-year high of $32.45. The stock’s 50 day moving average is $30.10 and its 200-day moving average is $25.26. The company has a market capitalization of $1.88 billion, a P/E ratio of 29.32 and a beta of 0.30.
IIVI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of II-VI from a “sell” rating to a “hold” rating in a research report on Wednesday, October 5th. B. Riley raised shares of II-VI from a “neutral” rating to a “buy” rating and set a $33.50 target price on the stock in a research note on Wednesday, October 26th. Needham & Company LLC lifted their target price on shares of II-VI from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 24th. Finally, Benchmark Co. lifted their target price on shares of II-VI from $23.50 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, October 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $31.13.
In other news, Director Wendy F. Dicicco sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $29.36, for a total value of $129,184.00. Following the sale, the director now directly owns 30,546 shares of the company’s stock, valued at approximately $896,830.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Howard H. Xia sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $30.67, for a total transaction of $122,680.00. Following the completion of the sale, the director now directly owns 28,996 shares in the company, valued at $889,307.32. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P increased its stake in II-VI by 116,300.5% in the second quarter. Loomis Sayles & Co. L P now owns 494,702 shares of the company’s stock worth $9,281,000 after buying an additional 494,277 shares during the period. BlackRock Fund Advisors increased its stake in shares of II-VI by 9.4% in the second quarter. BlackRock Fund Advisors now owns 3,503,885 shares of the company’s stock valued at $65,733,000 after buying an additional 301,308 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of II-VI by 18.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,718,384 shares of the company’s stock valued at $32,237,000 after buying an additional 271,193 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of II-VI by 10.8% in the second quarter. Teachers Advisors Inc. now owns 685,896 shares of the company’s stock valued at $12,867,000 after buying an additional 66,642 shares during the last quarter. Finally, State Street Corp increased its stake in shares of II-VI by 6.2% in the second quarter. State Street Corp now owns 1,121,829 shares of the company’s stock valued at $21,048,000 after buying an additional 65,883 shares during the last quarter. 72.63% of the stock is currently owned by institutional investors and hedge funds.
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.