Intevac (IVAC) to Release Earnings on Monday

Intevac (NASDAQ:IVAC) will be posting its quarterly earnings results after the market closes on Monday, April 30th. Analysts expect Intevac to post earnings of $0.03 per share for the quarter.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings results on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.01. The company had revenue of $24.80 million during the quarter, compared to analysts’ expectations of $24.80 million. Intevac had a return on equity of 4.89% and a net margin of 3.65%. The business’s quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. On average, analysts expect Intevac to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

How to Become a New Pot Stock Millionaire

Shares of IVAC stock opened at $6.25 on Monday. The stock has a market capitalization of $139.75, a PE ratio of 36.76 and a beta of 0.88. Intevac has a 1-year low of $6.00 and a 1-year high of $14.15.

Several equities research analysts have recently weighed in on the company. ValuEngine cut Intevac from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Zacks Investment Research raised Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. B. Riley raised Intevac to a “buy” rating in a research note on Thursday, January 18th. Maxim Group reissued a “buy” rating and issued a $12.00 price target on shares of Intevac in a research note on Thursday, February 1st. Finally, Noble Financial reissued a “buy” rating on shares of Intevac in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.10.

In other Intevac news, Director David S. Dury bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $6.23 per share, for a total transaction of $31,150.00. Following the transaction, the director now directly owns 34,000 shares in the company, valued at $211,820. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder April Fund Ltd. 21 bought 88,183 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average price of $6.81 per share, for a total transaction of $600,526.23. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 370,964 shares of company stock worth $2,382,072. 13.90% of the stock is owned by corporate insiders.

An institutional investor recently raised its position in Intevac stock. State Street Corp boosted its position in Intevac, Inc. (NASDAQ:IVAC) by 1,307.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 246,157 shares of the electronics maker’s stock after acquiring an additional 228,670 shares during the period. State Street Corp owned 1.13% of Intevac worth $2,732,000 as of its most recent SEC filing. Institutional investors own 70.26% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Intevac (IVAC) to Release Earnings on Monday” was posted by Week Herald and is owned by of Week Herald. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://weekherald.com/2018/04/23/intevac-ivac-to-release-earnings-on-monday.html.

About Intevac

Intevac, Inc (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives.

Earnings History for Intevac (NASDAQ:IVAC)

Receive News & Ratings for Intevac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intevac and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply