Ii-vi Incorp: (NASD: IIVI)

$16.42

0.29 (1.80%)

Volume 167,467

May 17 04:00 PM ET

Zacks Rank: 3-Hold

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.6%
#2	Buy	18.71%
#3	Hold	10.12%
#4	Sell	4.32%
#5	Strong Sell	2.16%
S&P	500	9.93%

Overview Quote

            Stock Activity
        
		Day Low - High
		16.14 - 16.45
	
		52wk Low - High
		14.38 - 20.00
	
		Previous Close
		16.13
	
		Avg. Volume
		355,237
	
		Industry
		LASERS-SYS/COMP
	
		Market Cap
		1.02 B
	
		Div - Yield
		0.00 - 0.00
	
		Beta
		1.45
	
		PE (Forward)
		16.99
	
		Current Year Est.
		0.97
	
		Quarterly Earnings ESP 
		0.00%
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

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		Zacks Rank  Short-Term: 1-3 Months
                                                                
                                                                Zacks #1 Rank Strong Buys
                                                                
                                                            This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below. 

                                                                        Zacks Rank
                                                                        Definition
                                                                        Annualized Return
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.6%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.71%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        10.12%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.32%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        2.16%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.93%
                                                                    
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		3
Hold

		Zacks Recommendation  Long-Term: 6+ Months
                                                                
                                                                All Outperform Rated Stocks
                                                                
                                                            Zacks Recommendations are an excellent predictor of stock price movement over a 6+ month time frame. The recommendations come from the Zacks Equity Research group which combines the Zacks Rank with the insights from their team of over 50 equity analysts. The result is superior long term stock ratings.
The Zacks Recommendations are split into 3 groups: Buy, Hold and Sell. Our Buy recommendations have generated returns of 34.4% in 2006, and 16.69% in 2007. When Zacks Premium members click on the recommendation it will launch them to the Zacks Equity Research report for the stock.    More on these reports below.

                                                                    Difference Between Zacks Rank and Zacks Recommendation

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		Underperform
	
		Zacks Industry Rank Which industries are set to outperform or underperform the market? You'll find the answer here. We have broken down all industries into over 200 classifications. Then ranked these industries using the most powerful indicator we know (the Zacks Rank). The higher the industry rank, the better the industry should perform in the future. Once you have found an attractive industry then check out the Rank in Industry to find the best stocks within the industry.
When Zacks Premium members click on the Zacks Industry Rank link they will see the full listing of industries and their current rankings.

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                                                                Zacks Industry Rank - All current industry ranks. 

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		56 out of 265
	
		Equity Research Report The Zacks Recommendations and Zacks Target Prices are just two of the valuable resources you'll find in the reports created by the Zacks Equity Research group. When Zacks Premium members click on this link they will taken to a page that gives them access to the Zacks Equity Research report for the stock.

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Updated as of 05/16/2013

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                Key Earnings Data
            
                            PE (Forward)
                            16.99
                        
                            PEG Ratio
                            1.31
                        
                            Current Year Est.
                            0.97
                        
                            Current Quarter Estimate
                            0.23
                        
                            Most Accurate Estimate
                            0.23
                        
                            Earnings ESP 
                            0.00%
                        
                            Next Earnings Report Date
                            08-08-2013
                        
                            EPS Last Year
                            0.92
                        
                            Expected Earnings Growth
                            13.00%
                        
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

            Company Description
        
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 Company's infrared optics business manufactures optical and opto-electronic components sold under the II-VI brand name and used primarily in CO2 lasers. The Company's near-infrared optics business manufactures near-infrared & visible light products for industrial, scientific, military & medical instruments and laser gain materials and products for solid-state YAG and YLF lasers at the Company's VLOC subsidiary. The Company's military infrared optics business manufactures infrared products for military applications under the Exotic Electro-Optics brand name.   
Full IIVI Company Report

        
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            <a href="#"><img id="dart_image_1" src="http://b7d61a7c6b8c307bf531-a92a66b9587e2a0aa805bd4e70b98407.r95.cf2.rackcdn.com/images/zacks/logos/zacks_logo_230x76.png" width="336" height="280" border="0" alt="" /></a>        
Turn Earnings Surprises into quick profits.
 
IIVI Chart  by YCharts

Earnings Estimates

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (06/2013)	Next Year (06/2014)
Average Estimate	0.23	0.23	0.97	1.05
Number of Estimates	3	3	3	3
Low Estimate	0.22	0.20	0.88	1.00
High Estimate	0.25	0.25	1.13	NA
Year Ago EPS	0.26	0.21	1.07	0.97
EPS Growth	-10.26%	7.94%	-9.66%	8.97%

More IIVI Estimates

Average Earnings Estimates for IIVI

EPS Growth for IIVI

Industry Analysis

Name	Symbol	Previous Close
II-VI INCORP	IIVI	16.42
ELECTRO SCI IND	ESIO	11.31
PHOTOMEDEX INC	PHMD	16.13
BIOLASE TECH	BIOL	4.80
CUTERA INC	CUTR	9.20
CYNOSURE INC-A	CYNO	24.15
GSI GROUP INC	GSIG	8.22
IPG PHOTONICS	IPGP	61.78
IRIDEX CORP	IRIX	6.12
MICROVISION INC	MVIS	2.65

Sector:Computer and Technology>> Industry:LASERS-SYS/COMP

COMPARE TICKER vs. Its Peers

Zacks Commentary

Oclaro to Sell Assets

Nov 28, 2012

Company News for June 18, 2012

Jun 18, 2012

Report for IIVI

May 16, 2013

More IIVI Zacks Commentary

Financials

EPS TTM	0.92
Sales	535
Net Income	55
Price/Earnings	17.85
Price/Book	1.63
Price/Cash Flow	10.02
Price/Sales	1.89

More IIVI Financials

News

IQE plc : IQE and II-VI Inc. launch 150mm GaN HEMT epi wafers on SiC substrates - Thomson Reuters One

May 13, 2013

Exotic Electro-Optics and LightWorks Optics Merge Operations - Close-Up Media

May 2, 2013

II-VI Inc Makes a Move: Down 2.8% - Financial News Network Online - Market Movers

May 1, 2013

Exotic Electro-Optics and LightWorks Optics Merge Operations; New Company Renamed LightWorks Optical Systems - Businesswire

Apr 30, 2013

Shares of II-VI Inc Under Pressure, Down 1.9% - Financial News Network Online - Market Movers

Apr 26, 2013

II-VI IncCorporate Event Announcement Notice - Wall Street Horizon

Apr 24, 2013

II-VI Increases Sales but Misses Estimates on Earnings - TheMotleyFool

Apr 24, 2013

BRIEF: Increased operations, federal tax credit boost profit at II-IV - Mcclatchy-Tribune Information Services -- Unrestricted

Apr 23, 2013

See All News Stories on IIVI

Broker Recommendations

Current ABR	2.40
ABR (Last Week)	2.40
# of recs in ABR	5
Average Target Price	18.28
Industry Rank by ABR	56 out of 265
Rank in Industry	3 out of 13

More IIVI Broker Recommendations

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Ii-vi Incorp: (NASD: IIVI)

$16.42

0.29 (1.80%)

Volume 167,467

May 17 04:00 PM ET

Stock Activity

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks #1 Rank Strong Buys

Zacks Recommendation Long-Term: 6+ Months

All Outperform Rated Stocks

Zacks Industry Rank

Equity Research Report

Key Earnings Data

Company Description