Media coverage about II-VI (NASDAQ:IIVI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. II-VI earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the scientific and technical instruments company an impact score of 44.5761203161968 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- II-VI, Inc. breached its 50 day moving average in a Bearish Manner : IIVI-US : August 18, 2017 (finance.yahoo.com)
- $253.11 Million in Sales Expected for II-VI Incorporated (IIVI) This Quarter (americanbankingnews.com)
- Analysts Expect II-VI Incorporated (IIVI) Will Post Earnings of $0.35 Per Share (americanbankingnews.com)
- See what the IHS Markit Score report has to say about II-VI Inc. (finance.yahoo.com)
Several brokerages recently weighed in on IIVI. BidaskClub downgraded shares of II-VI from a “hold” rating to a “sell” rating in a report on Monday, August 14th. B. Riley reiterated a “neutral” rating and issued a $39.50 price target on shares of II-VI in a research note on Thursday, August 10th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of II-VI in a research note on Wednesday, August 9th. Benchmark Co. boosted their price target on shares of II-VI from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, Northland Securities set a $45.00 price target on shares of II-VI and gave the stock a “buy” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $44.25.
II-VI (NASDAQ:IIVI) last posted its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.17. The firm had revenue of $273.70 million for the quarter, compared to analyst estimates of $249.90 million. II-VI had a net margin of 9.80% and a return on equity of 12.94%. II-VI’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. On average, equities analysts forecast that II-VI will post $1.83 EPS for the current fiscal year.
In related news, Director Francis J. Kramer sold 20,000 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $40.00, for a total transaction of $800,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David G. Wagner sold 4,444 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $36.00, for a total transaction of $159,984.00. Following the transaction, the vice president now owns 45,284 shares in the company, valued at $1,630,224. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/08/19/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-ii-vi-nasdaqiivi-share-price-updated-updated.html.
II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The II-VI Laser Solutions segment designs, manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names.
What are top analysts saying about II-VI Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for II-VI Incorporated and related companies.