Wall Street brokerages predict that II-VI, Inc. (NASDAQ:IIVI) will announce $0.65 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for II-VI’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.64. II-VI reported earnings of $0.36 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 80.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that II-VI will report full year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.68. For the next year, analysts anticipate that the firm will post earnings of $3.07 per share, with EPS estimates ranging from $2.83 to $3.33. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for II-VI.

II-VI (NASDAQ:IIVI) last issued its quarterly earnings results on Thursday, January 31st. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. II-VI had a net margin of 8.81% and a return on equity of 10.93%.

A number of analysts have weighed in on the stock. Piper Jaffray Companies reissued an “overweight” rating and issued a $50.00 price target on shares of II-VI in a report on Friday, February 1st. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of II-VI in a report on Friday, February 1st. Zacks Investment Research raised shares of II-VI from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, January 16th. ValuEngine downgraded shares of II-VI from a “buy” rating to a “hold” rating in a report on Sunday, March 3rd. Finally, BidaskClub downgraded shares of II-VI from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. II-VI currently has an average rating of “Hold” and a consensus price target of $49.09.

II-VI stock traded down $0.22 during mid-day trading on Monday, reaching $40.83. The company had a trading volume of 35,838 shares, compared to its average volume of 589,511. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.17 and a quick ratio of 2.00. II-VI has a 52 week low of $29.31 and a 52 week high of $50.75. The company has a market cap of $2.60 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.36 and a beta of 0.83.

In other news, VP David G. Wagner sold 13,200 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $42.14, for a total transaction of $556,248.00. Following the completion of the transaction, the vice president now directly owns 68,317 shares of the company’s stock, valued at approximately $2,878,878.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Francis J. Kramer sold 10,050 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $40.52, for a total transaction of $407,226.00. Following the transaction, the director now directly owns 172,697 shares of the company’s stock, valued at $6,997,682.44. The disclosure for this sale can be found here. Insiders have sold a total of 83,367 shares of company stock valued at $3,340,651 over the last ninety days. 4.00% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in IIVI. Advisory Services Network LLC lifted its holdings in II-VI by 750.0% during the 4th quarter. Advisory Services Network LLC now owns 850 shares of the scientific and technical instruments company’s stock valued at $28,000 after purchasing an additional 750 shares during the last quarter. Winslow Evans & Crocker Inc. acquired a new stake in shares of II-VI during the 4th quarter worth approximately $34,000. Doyle Wealth Management acquired a new stake in shares of II-VI during the 4th quarter worth approximately $49,000. FNY Investment Advisers LLC acquired a new stake in shares of II-VI during the 4th quarter worth approximately $116,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of II-VI during the 4th quarter worth approximately $130,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

About II-VI

II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company operates in three segments: II-VI Laser Solutions, II-VI Photonics, and II-VI Performance Products. The II-VI Laser Solutions segment offers optical and electro-optical components and materials primarily used in high-power CO2 lasers; fiber-delivered beam delivery systems, and processing tools and direct diode lasers for industrial lasers; direct diode laser modules, sub-systems, and systems; super-hard materials processing laser systems; and compound semiconductor epitaxial and gallium arsenide wafers.

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Earnings History and Estimates for II-VI (NASDAQ:IIVI)

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