II-VI (IIVI) Earns News Sentiment Score of 0.20
Press coverage about II-VI (NASDAQ:IIVI) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. II-VI earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.0506195101217 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- II-VI Incorporated (IIVI) Sees Significant Growth in Short Interest (americanbankingnews.com)
- Salesforce.com, inc. (CRM) registers a price change of -1.28% while II-VI Incorporated (IIVI) finishes with a flow … – Stocks Gallery (stocksgallery.com)
- II-VI’s (IIVI) Buy Rating Reiterated at Benchmark Co. (americanbankingnews.com)
- II-VI Incorporated (IIVI) shares are clocking price at $38.10 with change of 0.66% – Street Observer (press release) (streetobserver.com)
- Bitcoin value falls as China plans to close local exchanges (wisdomsave.com)
II-VI (IIVI) opened at 39.30 on Friday. The firm has a market capitalization of $2.49 billion, a P/E ratio of 26.55 and a beta of 0.07. II-VI has a one year low of $22.31 and a one year high of $41.10. The company has a 50-day moving average price of $36.51 and a 200-day moving average price of $34.65.
II-VI (NASDAQ:IIVI) last posted its quarterly earnings data on Monday, August 7th. The scientific and technical instruments company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.17. II-VI had a return on equity of 12.94% and a net margin of 9.80%. The company had revenue of $273.70 million for the quarter, compared to the consensus estimate of $249.90 million. During the same period in the previous year, the business earned $0.40 EPS. II-VI’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities research analysts anticipate that II-VI will post $1.83 EPS for the current year.
A number of equities analysts have recently commented on IIVI shares. BidaskClub downgraded II-VI from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Benchmark Co. reissued a “buy” rating and set a $44.00 price objective on shares of II-VI in a research report on Wednesday. ValuEngine raised II-VI from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of II-VI in a research report on Wednesday, August 9th. Finally, Northland Securities set a $45.00 price objective on II-VI and gave the stock a “buy” rating in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $44.25.
In other news, Director Francis J. Kramer sold 20,000 shares of II-VI stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $40.00, for a total value of $800,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David G. Wagner sold 4,444 shares of II-VI stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $36.00, for a total value of $159,984.00. Following the completion of the transaction, the vice president now owns 45,284 shares of the company’s stock, valued at approximately $1,630,224. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.
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.
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