II-VI Incorporated Stock News

Wall Street analysts predict that II-VI Incorporated (NASDAQ:IIVI) will report earnings of $0.88 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for II-VIs earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $0.92. II-VI posted earnings per share of $1.08 []

PITTSBURGH, Dec. 10, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) (the Company or II-VI) announced today the completion of its previously announced offering of $990 million aggregate principal amount of 5.000% senior notes due 2029 (the Notes) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the Act). The Notes are guaranteed by each of the Companys domestic subsidiaries that guarantee its existing credit agreement.

Brokerages expect II-VI Incorporated (NASDAQ:IIVI) to report $0.88 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have provided estimates for II-VIs earnings. The lowest EPS estimate is $0.85 and the highest is $0.92. II-VI posted earnings of $1.08 per share during the same quarter last year, which suggests a negative []

TheStreet upgraded shares of II-VI (NASDAQ:IIVI) from a c+ rating to a b rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports. Several other analysts also recently issued reports on IIVI. Deutsche Bank Aktiengesellschaft downgraded II-VI from a buy rating to a hold rating and set a $75.00 price objective on the []

PITTSBURGH, Dec. 02, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) (the Company or II-VI) announced today that it plans to offer $990 million aggregate principal amount of senior notes due 2029 (the Notes) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the Act). The Notes will be guaranteed by each of the Companys material wholly owned domestic subsidiaries, subject to customary exceptions.

Shares of II-VI Incorporated (NASDAQ:IIVI) have been assigned a consensus rating of Buy from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The []

PITTSBURGH, Nov. 23, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a leader in engineered materials and optoelectronic components, today announced that Dr. Julie Sheridan Eng and Chris Cole have been elected by the Optica Board of Directors to its 2022 Fellows Class. Julie is Senior Vice President & General Manager, Optoelectronic Devices & Modules Business Unit, for II-VI, and Chris is II-VI Adviser.

Wall Street brokerages expect II-VI Incorporated (NASDAQ:IIVI) to announce $816.42 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for II-VIs earnings, with estimates ranging from $810.90 million to $823.00 million. II-VI posted sales of $786.57 million in the same quarter last year, which suggests a positive year-over-year []

Zacks Investment Research cut shares of II-VI (NASDAQ:IIVI) from a hold rating to a sell rating in a research report sent to investors on Tuesday, Zacks.com reports. According to Zacks, II-VI Incorporated designs, manufactures and markets optical and opto-electronic components, devices and materials for infrared, near-infrared, visible light, x-ray and gamma ray instrumentation. The Companys []

II-VI Incorporated (NASDAQ:IIVI) Director Joseph J. Corasanti sold 8,620 shares of II-VI stock in a transaction dated Friday, November 12th. The stock was 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 available at this hyperlink. IIVI opened []

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II-VI (NASDAQ:IIVI) was downgraded by Zacks Investment Research from a hold rating to a sell rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. According to Zacks, II-VI Incorporated designs, manufactures and markets optical and opto-electronic components, devices and materials for infrared, near-infrared, visible light, x-ray and gamma ray instrumentation. []

The II-VI Incorporated (NASDAQ:IIVI) share price has had a bad week, falling 15%. But that scarcely detracts from the...

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