Intevac (NASDAQ:IVAC) Releases Earnings Results, Misses Estimates By $0.01 EPS

Intevac (NASDAQ:IVAC) announced its earnings results on Monday. The electronics maker reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.01), MarketWatch Earnings reports. Intevac had a net margin of 4.91% and a return on equity of 5.41%.

Shares of NASDAQ:IVAC traded down $0.10 during midday trading on Tuesday, hitting $6.25. 39,790 shares of the stock were exchanged, compared to its average volume of 187,751. The stock has a market cap of $150.66 million, a P/E ratio of 29.57 and a beta of 0.96. Intevac has a twelve month low of $4.79 and a twelve month high of $8.46. The company has a 50 day moving average price of $6.70 and a 200-day moving average price of $6.54.

In other news, EVP Timothy Justyn sold 9,683 shares of Intevac stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of $7.50, for a total transaction of $72,622.50. Following the completion of the transaction, the executive vice president now owns 112,181 shares of the company’s stock, valued at approximately $841,357.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.40% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research report on Wednesday, April 7th.

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, and Europe. It operates in two segments, Thin-Film Equipment and Photonics. The Thin-Film Equipment segment designs, develops, and markets thin-film processing systems for hard disk drive media, display cover panel, and solar photovoltaic markets.

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Earnings History for Intevac (NASDAQ:IVAC)

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