Benchmark Co. analyst Mark Miller maintained a Buy rating on Ii-Vi Inc. on Wednesday, setting a price target of $90, which is approximately 40.17% above the present share price of $64.21.
Miller expects Ii-Vi Inc. to post earnings per share (EPS) of $0.62 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in II-VI (NASDAQ:IIVI), with an average price target of $78.5.
The analysts price targets range from a high of $102 to a low of $56.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $808.01 million and a net profit of $97.19 million. The company's market cap is $6.82 billion.
According to TipRanks.com, Benchmark Co. analyst Mark Miller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.2% and a 67.12% success rate.
II-VI, Inc. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following three segments: Laser Solutions, Photonics, and Performance Products. The Laser Solutions segment designs, manufactures, and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name. The Photonics segment manufactures crystal materials, optics, microchip lasers, and optoelectronic modules for use in optical communications networks and other diverse consumer, life sciences, and commercial applications. The Performance Products segment designs, manufactures, and markets infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications. The company was founded Carl J. Johnson in 1971 and is headquartered in 1971 and is headquartered in Saxonburg, PA.