II-VI - IIVI Stock Forecast, Price & News

II-VI Incorporated develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates through two segments, Compound Semiconductors and Photonic Solutions. The Compound Semiconductors segment provides optical and electro-optical components and materials used in high-power CO2 lasers, fiber-lasers, and direct diode lasers for materials processing applications; infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; semiconductor lasers and detectors for optical interconnects and sensing applications; engineered materials for thermoelectric, ceramics, and silicon carbide various applications; and compound semiconductor epitaxial wafers for applications in optical and wireless communication. The Photonic Solutions segment manufactures transceivers for data centers and telecom optical networks; pump lasers, optical amplifiers, wavelength selective switches, and advanced components for telecom networks; and crystal materials, optics, lasers, and optoelectronic modules in a range of applications, including optical communications, life sciences, and consumer electronics markets. The company serves original equipment manufacturers, laser end users, system integrators of high-power lasers, U.S. government prime contractors, and various U.S. government agencies, as well as manufacturers of equipment and devices for industrial, optical communications, consumer electronics, and security and monitoring applications. II-VI Incorporated was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.

Analyst Ratings Changes

Several equities analysts recently commented on IIVI shares. TheStreet downgraded shares of II-VI from a "b-" rating to a "c" rating in a research note on Friday, July 1st. Barclays decreased their price target on shares of II-VI from $65.00 to $47.00 and set an "underweight" rating for the company in a research report on Monday, July 25th. Craig Hallum decreased their price target on shares of II-VI from $85.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, July 1st. Raymond James decreased their price target on shares of II-VI from $82.00 to $81.00 and set an "outperform" rating for the company in a research report on Tuesday, July 5th. Finally, Susquehanna Bancshares decreased their price objective on shares of II-VI to $58.00 in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $77.62.

II-VI Stock Up 0.4 %

Shares of II-VI stock traded up $0.21 during trading hours on Monday, reaching $53.20. The company's stock had a trading volume of 1,928,393 shares, compared to its average volume of 1,531,417. II-VI has a one year low of $45.78 and a one year high of $75.05. The company has a market capitalization of $5.66 billion, a P/E ratio of 29.39, a P/E/G ratio of 1.39 and a beta of 1.45. The stock's fifty day simple moving average is $53.49 and its two-hundred day simple moving average is $61.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.58 and a current ratio of 1.99.

II-VI (NASDAQ:IIVI - Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The scientific and technical instruments company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.11. II-VI had a net margin of 8.44% and a return on equity of 13.85%. The firm had revenue of $827.72 million for the quarter, compared to analyst estimates of $804.79 million. During the same period last year, the firm earned $0.80 earnings per share. The business's quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts forecast that II-VI will post 3.16 earnings per share for the current year.