II-VI, Inc. (IIVI) CFO Mary Jane Raymond Sells 4,000 Shares
II-VI, Inc. (NASDAQ:IIVI) CFO Mary Jane Raymond sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $44.88, for a total value of $179,520.00. Following the completion of the sale, the chief financial officer now directly owns 47,368 shares in the company, valued at $2,125,875.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ:IIVI traded up $0.45 during trading on Friday, reaching $45.25. The stock had a trading volume of 533,840 shares, compared to its average volume of 642,050. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.22 and a quick ratio of 2.45. The firm has a market capitalization of $2.75 billion, a PE ratio of 26.31, a P/E/G ratio of 1.27 and a beta of 0.02. II-VI, Inc. has a 1-year low of $34.05 and a 1-year high of $53.08.
II-VI (NASDAQ:IIVI) last issued its quarterly earnings results on Tuesday, August 7th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.13. The firm had revenue of $321.10 million for the quarter, compared to analyst estimates of $301.45 million. II-VI had a return on equity of 10.09% and a net margin of 7.59%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. analysts expect that II-VI, Inc. will post 2.17 earnings per share for the current year.
Several brokerages have commented on IIVI. BidaskClub raised II-VI from a “sell” rating to a “hold” rating in a report on Friday, June 8th. Morgan Stanley set a $48.00 price objective on II-VI and gave the company a “hold” rating in a report on Wednesday. Piper Jaffray Companies raised their price objective on II-VI to $57.00 and gave the company an “overweight” rating in a report on Tuesday. ValuEngine raised II-VI from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Cowen reissued a “buy” rating and issued a $64.00 price objective on shares of II-VI in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.54.
II-VI Company Profile
II-VI Incorporated provides engineered materials and optoelectronic components worldwide. The company is a vertically integrated manufacturing company that develops innovative products for various applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets.
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