II-VI Incorporated Company Profile (NASDAQ:IIVI)

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

II-VI Incorporated (NASDAQ:IIVI) posted its earnings results on Monday, August, 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.17. The firm earned $273.70 million during the quarter, compared to analysts' expectations of $249.90 million. II-VI Incorporated had a return on equity of 12.94% and a net margin of 9.80%. The company's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. View II-VI Incorporated's Earnings History.

II-VI Incorporated is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for II-VI Incorporated.

II-VI Incorporated issued an update on its first quarter earnings guidance on Monday, August, 7th. The company provided earnings per share guidance of $0.37-0.41 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $250-260 million, compared to the consensus revenue estimate of $243.56 million.

5 analysts have issued 1 year target prices for II-VI Incorporated's stock. Their forecasts range from $39.50 to $50.00. On average, they expect II-VI Incorporated's share price to reach $44.70 in the next year. View Analyst Ratings for II-VI Incorporated.

Here are some recent quotes from research analysts about II-VI Incorporated stock:

• 1. Benchmark Co. analysts commented, "We believe NUS will be aggressive on share repurchases this year and are setting up for a strong finish to the year and credible growth in 2018. F/X, at present, appears to be neutral to positive starting in 4Q17. More details discussed herein… VALUATION: We’ve made no changes to our estimates at this time, but expect that as the year rolls forward our revisions will be to the upside. And the 4Q17 will be a big quarter for NUS in our opinion. Our price target moves to $80 per share or 22x 2018 EPS. The shares rose 26% in 2016 and 26.6% YTD. The return to meaningful sales growth will be the driver of multiple expansion, we believe. Organic sales growth of 5.3% to 7.2% is impressive. Free cash flow yield is 6.3%. It trades at 18.6x 2017 EPS and 9.8x EV/EBITDA. Given its organic growth, its fine balance sheet and strong cash generation, NUS is cheap by all normal measures of value in our view. RISKS: The strong dollar has been the biggest risk to estimates. In 2016 top-line was trimmed 2% from the strong dollar. The company sees 3% pressure from F/X for 2017. As an MLM, NUS has regulatory risk as well, though we believe the NUS business model to be ethical and legal around the world." (6/25/2017)
• 2. According to Zacks Investment Research, "II-VI Incorporated designs, manufactures and markets optical and opto-electronic components, devices and materials for infrared, near-infrared, visible light, x-ray and gamma ray instrumentation. The Company's infrared optics business manufactures optical and opto-electronic components sold under the II-VI brand name and used primarily in CO2 lasers. The Company's near-infrared optics business manufactures near-infrared & visible light products for industrial, scientific, military & medical instruments and laser gain materials and products for solid-state YAG and YLF lasers at the Company's VLOC subsidiary. The Company's military infrared optics business manufactures infrared products for military applications under the Exotic Electro-Optics brand name. " (3/28/2017)

II-VI Incorporated saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,167,659 shares, an increase of 49.6% from the August 15th total of 2,117,244 shares. Based on an average trading volume of 943,843 shares, the days-to-cover ratio is currently 3.4 days. Currently, 5.6% of the company's shares are short sold.

Some companies that are related to II-VI Incorporated include Sonoco Products Company (SON), Bemis Company (BMS), Graphic Packaging Holding Company (GPK), MSC Industrial Direct Company (MSM), Owens-Illinois (OI), Terex Corporation (TEX), Timken Company (The) (TKR), Barnes Group (B), Valmont Industries (VMI), Regal Beloit Corporation (RBC), Belden (BDC), Worthington Industries (WOR), Silgan Holdings (SLGN), Kennametal (KMT), Manitowoc Food Service (WBT), Cimpress N.V (CMPR), Aggreko PLC (ARGKF) and Enersys (ENS).

II-VI Incorporated's management team includes the folowing people:

• Vincent D. Mattera Jr., President, Chief Executive Officer, Director
• Mary Jane Raymond, Chief Financial Officer, Treasurer, Assistant Secretary
• Gary Alan Kapusta, Chief Operating Officer
• Giovanni Barbarossa Ph.D., Chief Technology Officer, President - Laser Solutions Segment
• David G. Wagner, Vice President - Human Resources
• Jo Anne Schwendinger, General Counsel, Secretary
• Francis J. Kramer, Non-Executive Chairman of the Board
• Marc Y. E. Pelaez, Lead Independent Director
• Joseph J. Corasanti, Independent Director
• Thomas E. Mistler, Independent Director

II-VI Incorporated's stock is owned by many different of institutional and retail investors. Top institutional investors include Rhumbline Advisers (0.21%), Foundry Partners LLC (0.14%), Kornitzer Capital Management Inc. KS (0.12%), Canada Pension Plan Investment Board (0.08%), Argent Capital Management LLC (0.07%) and Nationwide Fund Advisors (0.07%). Company insiders that own II-VI Incorporated stock include David G Wagner, Francis J Kramer, Howard H Xia, Joseph J Corasanti, Marc Y E Pelaez, Peter W Sognefest, Thomas E Mistler, Vincent D Mattera Jr and Wendy F Dicicco. View Institutional Ownership Trends for II-VI Incorporated.

II-VI Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Canada Pension Plan Investment Board, Foundry Partners LLC and Pillar Pacific Capital Management LLC. Company insiders that have sold II-VI Incorporated stock in the last year include David G Wagner, Francis J Kramer, Howard H Xia, Marc Y E Pelaez, Vincent D Mattera Jr and Wendy F Dicicco. View Insider Buying and Selling for II-VI Incorporated.

II-VI Incorporated's stock was bought by a variety of institutional investors in the last quarter, including Kornitzer Capital Management Inc. KS, Argent Capital Management LLC, Bridge City Capital LLC, Piedmont Investment Advisors LLC, SG Americas Securities LLC, Rhumbline Advisers, Aperio Group LLC and Nationwide Fund Advisors. Company insiders that have bought II-VI Incorporated stock in the last two years include Howard H Xia and Joseph J Corasanti. View Insider Buying and Selling for II-VI Incorporated.

Shares of II-VI Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of II-VI Incorporated stock can currently be purchased for approximately $40.40.