II-VI - IIVI Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for II-VI in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" IIVI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IIVI, but not buy additional shares or sell existing shares.
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12 brokerages have issued 1-year price objectives for II-VI's shares. Their IIVI share price forecasts range from $47.00 to $110.00. On average, they predict the company's share price to reach $77.92 in the next twelve months. This suggests a possible upside of 46.3% from the stock's current price.
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II-VI's stock was trading at $68.33 at the beginning of the year. Since then, IIVI shares have decreased by 22.1% and is now trading at $53.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
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II-VI will be holding an earnings conference call on Wednesday, August 24th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

II-VI Incorporated (NASDAQ:IIVI) announced its earnings results on Tuesday, November, 9th. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. The scientific and technical instruments company had revenue of $795.10 million for the quarter, compared to analyst estimates of $809.79 million. II-VI had a net margin of 8.44% and a trailing twelve-month return on equity of 13.85%. II-VI's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share.

II-VI updated its fourth quarter 2022 earnings guidance on Tuesday, June, 7th. The company provided earnings per share guidance of $0.85-$1.00 for the period, compared to the consensus EPS estimate of $0.92. The company issued revenue guidance of $840.00 million-$880.00 million, compared to the consensus revenue estimate of $835.84 million.

12 employees have rated II-VI Chief Executive Officer Dr. Vincent D. (Chuck) Mattera, Jr. on Glassdoor.com. Dr. Vincent D. (Chuck) Mattera, Jr. has an approval rating of 91% among the company's employees. This puts Dr. Vincent D. (Chuck) Mattera, Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other II-VI investors own include NVIDIA (NVDA), Walt Disney (DIS), Block (SQ), Lumentum (LITE), Advanced Micro Devices (AMD), Salesforce (CRM), Trade Desk (TTD), Alibaba Group (BABA), QUALCOMM (QCOM) and Tesla (TSLA).

II-VI trades on the NASDAQ under the ticker symbol "IIVI."

II-VI's stock is owned by a variety of retail and institutional investors. Top institutional investors include Walleye Trading LLC (0.00%), Waters Parkerson & CO. LLC (0.37%), Twin Tree Management LP (0.00%), Rhumbline Advisers (0.29%), Braun Stacey Associates Inc. (0.27%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Christopher Koeppen, Enrico Digirolomo, Francis J Kramer, Francis J Kramer, Giovanni Barbarossa, Howard H Xia, Jo Anne Schwendinger, Joseph J Corasanti, Marc Y E Pelaez, Mary Jane Raymond, Vincent D Mattera Jr and Walter Robert Bashaw II.
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Shares of IIVI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IIVI stock can currently be purchased for approximately $53.25.

II-VI (NASDAQ:IIVI) has a market capitalization of $5.67 billion and generates $3.11 billion in revenue each year. The scientific and technical instruments company earns $297.55 million in net income (profit) each year or $1.81 on an earnings per share basis.

The company employs 22,961 workers across the globe.

II-VI was founded in 1971.

II-VI's mailing address is 375 SAXONBURG BOULEVARD, SAXONBURG PA, 16056. The official website for the company is www.ii-vi.com. The scientific and technical instruments company can be reached via phone at (724) 352-4455, via email at info@ii-vi.com, or via fax at 724-352-5284.