II-VI (NASDAQ:IIVI) issued an update on its second quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.750-$0.950 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.930. The company issued revenue guidance of $790 million-$840 million, compared to the consensus revenue estimate of $844.64 million.
Shares of II-VI stock traded up $0.19 on Thursday, hitting $64.37. 1,067,214 shares of the company’s stock were exchanged, compared to its average volume of 1,591,863. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.24 and a current ratio of 2.97. II-VI has a 1 year low of $54.35 and a 1 year high of $100.44. The company has a 50-day simple moving average of $60.75 and a 200-day simple moving average of $64.79. The stock has a market capitalization of $6.83 billion, a PE ratio of 25.96, a PEG ratio of 1.42 and a beta of 1.50.
II-VI (NASDAQ:IIVI) last posted its earnings results on Tuesday, November 9th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $795.10 million for the quarter, compared to the consensus estimate of $809.79 million. II-VI had a net margin of 10.27% and a return on equity of 14.00%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. On average, analysts expect that II-VI will post 3.1 EPS for the current fiscal year.
In other news, Director Joseph J. Corasanti sold 8,620 shares of the firm’s stock in a transaction dated Friday, November 12th. The shares were sold at an average price of $64.76, for a total value of $558,231.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.
II-VI, Inc engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets.
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