II-VI (IIVI) Receiving Somewhat Positive Media Coverage, Study Shows
Press coverage about II-VI (NASDAQ:IIVI) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. II-VI earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the scientific and technical instruments company an impact score of 46.1174391044483 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- II-VI Incorporated (IIVI) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- Monocrystalline Transparent Ceramics Global Market By Different levels & Geography Forecast 2023 (emailwire.com)
- Zacks: Analysts Anticipate II-VI Incorporated (IIVI) Will Announce Quarterly Sales of $255.05 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate II-VI Incorporated (IIVI) Will Announce Earnings of $0.36 Per Share (americanbankingnews.com)
- Analysts focus on Buy position: II-VI Incorporated (IIVI) – Street Observer (press release) (streetobserver.com)
A number of equities research analysts recently weighed in on IIVI shares. Needham & Company LLC boosted their price objective on shares of II-VI from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. Benchmark Co. reaffirmed a “buy” rating on shares of II-VI in a research report on Sunday, June 25th. Northland Securities started coverage on shares of II-VI in a research report on Thursday, July 6th. They set an “outperform” rating and a $45.00 price objective for the company. BidaskClub raised shares of II-VI from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Craig Hallum started coverage on shares of II-VI in a research report on Monday, July 24th. They set a “buy” rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $44.92.
II-VI (NASDAQ IIVI) opened at 40.60 on Tuesday. II-VI has a 52-week low of $25.40 and a 52-week high of $42.50. The firm has a 50-day moving average of $39.28 and a 200 day moving average of $35.35. The company has a market cap of $2.57 billion, a PE ratio of 27.43 and a beta of 0.09.
II-VI (NASDAQ:IIVI) last announced its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.17. II-VI had a net margin of 9.80% and a return on equity of 12.94%. The firm had revenue of $273.70 million during the quarter, compared to the consensus estimate of $249.90 million. During the same period last year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts expect that II-VI will post $1.83 earnings per share for the current fiscal year.
In related news, Director Francis J. Kramer sold 20,000 shares of II-VI stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $40.00, for a total transaction of $800,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.watchlistnews.com/ii-vi-iivi-receiving-somewhat-positive-media-coverage-study-shows/1636193.html.
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.
Receive News & Ratings for II-VI Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for II-VI Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.