Intevac (IVAC) Scheduled to Post Quarterly Earnings on Tuesday

Intevac (NASDAQ:IVAC) is scheduled to be announcing its earnings results after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 earnings per share for the quarter. Intevac had a return on equity of 8.80% and a net margin of 5.97%. The company had revenue of $26.70 million for the quarter, compared to analysts’ expectations of $25.50 million. During the same period last year, the firm earned ($0.02) earnings per share. Intevac’s quarterly revenue was up 18.1% on a year-over-year basis. On average, analysts expect Intevac to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Intevac (NASDAQ IVAC) opened at $7.20 on Tuesday. Intevac has a 52 week low of $6.20 and a 52 week high of $14.15. The firm has a market capitalization of $156.88, a price-to-earnings ratio of 22.50 and a beta of 0.85.

A number of analysts have weighed in on IVAC shares. Benchmark restated a “hold” rating on shares of Intevac in a research note on Tuesday, October 31st. Maxim Group restated a “buy” rating and issued a $13.00 price target on shares of Intevac in a research note on Wednesday, October 11th. Noble Financial upgraded Intevac from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut Intevac from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, B. Riley restated a “buy” rating and issued a $14.00 price target on shares of Intevac in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.60.

A hedge fund recently raised its stake in Intevac stock. State Street Corp grew its position in shares of Intevac, Inc. (NASDAQ:IVAC) by 1,307.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 246,157 shares of the electronics maker’s stock after purchasing an additional 228,670 shares during the quarter. State Street Corp owned approximately 1.13% of Intevac worth $2,732,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 70.10% of the company’s stock.

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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)

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