Wall Street analysts forecast that II-VI, Inc. (NASDAQ:IIVI) will announce earnings of $0.37 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for II-VI’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.36. II-VI reported earnings per share of $0.49 during the same quarter last year, which would suggest a negative year over year growth rate of 24.5%. The firm is scheduled to report its next earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that II-VI will report full-year earnings of $1.55 per share for the current year. For the next financial year, analysts forecast that the firm will post earnings of $2.18 per share. Zacks’ EPS averages are an average based on a survey of analysts that cover II-VI.

II-VI (NASDAQ:IIVI) last released its quarterly earnings results on Tuesday, October 31st. The scientific and technical instruments company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). II-VI had a net margin of 9.89% and a return on equity of 12.25%. The business had revenue of $261.50 million during the quarter, compared to analyst estimates of $255.20 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 18.1% on a year-over-year basis.

IIVI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of II-VI from a “sell” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Friday, November 3rd. Craig Hallum reiterated a “buy” rating and issued a $58.00 price target (up from $50.00) on shares of II-VI in a research report on Wednesday, November 1st. Benchmark reiterated a “buy” rating and issued a $52.00 price target (up from $44.00) on shares of II-VI in a research report on Wednesday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of II-VI in a research report on Wednesday, November 1st. Finally, lifted their price target on shares of II-VI from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $50.64.

II-VI (NASDAQ IIVI) traded up $0.75 during midday trading on Wednesday, hitting $51.45. 279,252 shares of the stock were exchanged, compared to its average volume of 758,498. The company has a current ratio of 3.89, a quick ratio of 2.63 and a debt-to-equity ratio of 0.43. II-VI has a 52 week low of $27.25 and a 52 week high of $52.55. The firm has a market capitalization of $3,210.00, a P/E ratio of 33.41 and a beta of 0.03.

In other II-VI news, Director Francis J. Kramer sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $45.10, for a total transaction of $1,127,500.00. Following the completion of the transaction, the director now directly owns 286,259 shares in the company, valued at $12,910,280.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mary Jane Raymond sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the transaction, the chief financial officer now owns 53,415 shares of the company’s stock, valued at $2,403,675. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,712 shares of company stock valued at $1,699,046. Company insiders own 3.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in IIVI. Pinebridge Investments L.P. raised its position in II-VI by 1.9% during 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 in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of II-VI during the second quarter worth $407,000. Nationwide Fund Advisors grew its stake in shares of 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 worth $1,437,000 after buying an additional 339 shares during the last quarter. Argent Capital Management LLC bought a new stake in shares of II-VI during the second quarter worth $1,610,000. Finally, Bridge City Capital LLC grew its stake in shares of II-VI by 8.7% during the third quarter. Bridge City Capital LLC now owns 41,025 shares of the scientific and technical instruments company’s stock worth $1,688,000 after buying an additional 3,280 shares during the last quarter. Institutional investors and hedge funds own 80.52% of the company’s stock.

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About II-VI

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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