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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IIVI shares. Susquehanna Bancshares dropped their price objective on shares of II-VI to $58.00 in a report on Monday, July 25th. TheStreet cut II-VI from a "b-" rating to a "c" rating in a report on Friday, July 1st. Morgan Stanley dropped their price target on shares of II-VI from $82.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, June 14th. Craig Hallum reduced their target price on II-VI from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, July 1st. Finally, Cowen reduced their target price on shares of II-VI to $110.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $79.93.

II-VI Trading Up 0.6 %

II-VI stock traded up $0.33 during trading hours on Thursday, hitting $52.48. The company had a trading volume of 36,544 shares, compared to its average volume of 1,355,564. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.58 and a current ratio of 1.99. The company has a 50-day moving average price of $53.06 and a two-hundred day moving average price of $61.13. The firm has a market cap of $5.59 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.33 and a beta of 1.45. II-VI has a 1 year low of $45.78 and a 1 year high of $75.05.

II-VI (NASDAQ:IIVI - Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The scientific and technical instruments company reported $0.83 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $804.79 million. During the same quarter in the previous year, the business posted $0.80 EPS. II-VI's revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that II-VI will post 3.16 earnings per share for the current year.