The II-VI Incorporated (IIVI) shares are trading at lower $46.66 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $52.25.
To add more color to this target, the company’s high over the last year is $51.90 and the low is $19.00. Over the last 52 weeks, IIVI is down -10.10% while the S&P 500 is down -0.63%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, IIVI reported a profit of $245.93 million. II-VI Incorporated also saw revenues increase to $627.04 million. In addition, IIVI has free cash flow of $12.52 million as of 03-2020. The company’s EBITDA came in at $113.34 million which compares well with its peers.
IIVI booked profit margins of -4.50%, its Return on Equity (ROE) is -4.90%, and its Return on Assets is -2.00%. All told, it is clear that, IIVI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. IIVI has a short ratio of 6.53 and outstanding shares of 91.08M.
IIVI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.44 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.99. II-VI Incorporated IIVI also noted assets of $5.11 billion at the end of the last quarter. Investors should also keep an eye on sector updates as IIVI has historically followed its peers on positive news.
All told, II-VI Incorporated IIVI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, IIVI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
II-VI Incorporated IIVI is now commanding a market cap of 4.91B and a float of 88.17M. IIVI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of IIVI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in IIVI, either long or short, and we have not been compensated for this article.