Intevac (IVAC) Scheduled to Post Quarterly Earnings on Monday

Intevac (NASDAQ:IVAC) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 29th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.

Intevac (NASDAQ:IVAC) last released its quarterly earnings data on Monday, July 30th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.11. Intevac had a negative net margin of 4.30% and a negative return on equity of 5.40%. The company had revenue of $26.10 million during the quarter, compared to the consensus estimate of $24.75 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, analysts expect Intevac to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ IVAC opened at $4.38 on Friday. Intevac has a 1 year low of $4.21 and a 1 year high of $9.15. The firm has a market capitalization of $99.82 million, a price-to-earnings ratio of 25.76 and a beta of 0.90.



Intevac declared that its board has initiated a stock repurchase plan on Monday, August 20th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the electronics maker to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

IVAC has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Intevac from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Wednesday, October 17th. Benchmark upgraded shares of Intevac from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Tuesday, July 31st. Noble Financial restated a “hold” rating on shares of Intevac in a research note on Tuesday, July 31st. ValuEngine upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, B. Riley decreased their price objective on shares of Intevac from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.75.

About Intevac

Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, Europe, and internationally. It operates in two segments, Thin-Film Equipment and Photonics. The Thin-film Equipment segment designs, manufactures, markets, and services disk sputtering, etch and deposition, and disk lubrication systems; and offers upgrades, spares, and consumables, as well as provides process and applications support, customer training, installation, start-up assistance, and post-installation support services.

Featured Story: Conference Calls and Individual Investors

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