II-VI (NASDAQ:IIVI) issued an update on its second quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.750-$0.950 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.930. The company issued revenue guidance of $790 million-$840 million, compared to the consensus revenue estimate of $844.64 million.
Shares of IIVI traded up $0.19 during mid-day trading on Thursday, reaching $64.37. The company’s stock had a trading volume of 1,067,214 shares, compared to its average volume of 1,591,863. II-VI has a 1-year low of $54.35 and a 1-year high of $100.44. The stock has a market cap of $6.83 billion, a P/E ratio of 25.96, a PEG ratio of 1.42 and a beta of 1.50. The business has a 50-day simple moving average of $60.75 and a two-hundred day simple moving average of $64.79. The company has a current ratio of 2.97, a quick ratio of 2.24 and a debt-to-equity ratio of 0.32.
II-VI (NASDAQ:IIVI) last released its quarterly earnings data on Tuesday, November 9th. The scientific and technical instruments company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.04. II-VI had a return on equity of 14.00% and a net margin of 10.27%. The company had revenue of $795.10 million during the quarter, compared to analysts’ expectations of $809.79 million. During the same period last year, the firm posted $0.38 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. Research analysts anticipate that II-VI will post 3.1 EPS for the current year.
In other II-VI news, Director Joseph J. Corasanti sold 8,620 shares of the business’s stock in a transaction on Friday, November 12th. The shares were sold at an average price of $64.76, for a total transaction of $558,231.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.
II-VI, Inc engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets.
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