Brokerages expect Intevac, Inc. (NASDAQ:IVAC) to post earnings per share (EPS) of ($0.06) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Intevac’s earnings. Intevac reported earnings per share of $0.13 during the same quarter last year, which would suggest a negative year-over-year growth rate of 146.2%. The firm is expected to announce its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Intevac will report full-year earnings of $0.12 per share for the current financial year. For the next year, analysts expect that the company will post earnings of $0.39 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Intevac.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 EPS for the quarter. The firm had revenue of $26.70 million for the quarter, compared to the consensus estimate of $25.50 million. Intevac had a net margin of 5.97% and a return on equity of 8.80%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) earnings per share.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. B. Riley reissued a “buy” rating and set a $14.00 price target on shares of Intevac in a research note on Tuesday, October 31st. Benchmark reissued a “hold” rating on shares of Intevac in a research note on Tuesday, October 31st. Maxim Group reissued a “buy” rating and set a $12.00 price target on shares of Intevac in a research note on Friday, October 27th. Finally, Noble Financial raised shares of Intevac from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Intevac currently has a consensus rating of “Buy” and a consensus target price of $12.60.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd increased its stake in shares of Intevac by 19.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 27,324 shares of the electronics maker’s stock worth $304,000 after buying an additional 4,446 shares during the period. D.A. Davidson & CO. purchased a new position in shares of Intevac in the second quarter worth $117,000. Nationwide Fund Advisors increased its stake in shares of Intevac by 695.2% in the second quarter. Nationwide Fund Advisors now owns 12,350 shares of the electronics maker’s stock worth $137,000 after buying an additional 10,797 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Intevac by 1,393.9% in the second quarter. The Manufacturers Life Insurance Company now owns 17,568 shares of the electronics maker’s stock worth $195,000 after buying an additional 16,392 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Intevac in the second quarter worth $191,000. 70.10% of the stock is currently owned by institutional investors.

Intevac (NASDAQ IVAC) traded up $0.10 during mid-day trading on Monday, hitting $6.80. 78,200 shares of the company’s stock traded hands, compared to its average volume of 71,368. The stock has a market capitalization of $145.99, a P/E ratio of 21.25 and a beta of 0.85. Intevac has a 52-week low of $6.20 and a 52-week high of $14.15.

WARNING: This story was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.watchlistnews.com/1803563-2/1803563.html.

About Intevac

Intevac, Inc (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives.

Get a free copy of the Zacks research report on Intevac (IVAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Intevac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intevac and related companies with MarketBeat.com's FREE daily email newsletter.