Equities research analysts expect IPG Photonics (NASDAQ:IPGP) to announce earnings of $2.22 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for IPG Photonics’ earnings. The highest EPS estimate is $2.27 and the lowest is $2.19. IPG Photonics reported earnings of $1.91 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 16.2%. The business is expected to announce its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that IPG Photonics will report full-year earnings of $8.48 per share for the current year, with EPS estimates ranging from $8.35 to $8.65. For the next financial year, analysts forecast that the firm will post earnings of $9.49 per share, with EPS estimates ranging from $9.10 to $10.21. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover IPG Photonics.
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IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, May 1st. The semiconductor company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.13. The firm had revenue of $359.90 million during the quarter, compared to analysts’ expectations of $346.35 million. IPG Photonics had a net margin of 25.56% and a return on equity of 21.59%. IPG Photonics’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS.
IPGP has been the subject of several recent analyst reports. ValuEngine raised shares of IPG Photonics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 26th. Benchmark reaffirmed a “buy” rating and issued a $255.00 target price (up from $230.00) on shares of IPG Photonics in a research note on Tuesday, February 20th. Northcoast Research reaffirmed a “buy” rating and issued a $290.00 target price on shares of IPG Photonics in a research note on Wednesday, January 31st. Finally, Needham & Company LLC lifted their target price on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. IPG Photonics has an average rating of “Buy” and a consensus price target of $238.50.
In other news, Director John R. Peeler sold 2,266 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $252.95, for a total transaction of $573,184.70. Following the completion of the sale, the director now directly owns 9,270 shares of the company’s stock, valued at approximately $2,344,846.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John R. Peeler sold 2,734 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $250.80, for a total transaction of $685,687.20. Following the sale, the director now directly owns 9,738 shares of the company’s stock, valued at $2,442,290.40. The disclosure for this sale can be found here. Insiders have sold a total of 62,255 shares of company stock valued at $15,234,504 over the last three months. Corporate insiders own 33.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates grew its stake in shares of IPG Photonics by 29.9% during the 4th quarter. Raymond James & Associates now owns 25,175 shares of the semiconductor company’s stock valued at $5,391,000 after buying an additional 5,796 shares during the period. Bank of Montreal Can boosted its position in IPG Photonics by 243.5% during the 4th quarter. Bank of Montreal Can now owns 37,529 shares of the semiconductor company’s stock worth $8,036,000 after purchasing an additional 26,605 shares during the period. Deutsche Bank AG boosted its position in IPG Photonics by 157.7% during the 4th quarter. Deutsche Bank AG now owns 200,599 shares of the semiconductor company’s stock worth $42,952,000 after purchasing an additional 122,759 shares during the period. BlackRock Inc. boosted its position in IPG Photonics by 20.1% during the 4th quarter. BlackRock Inc. now owns 3,874,614 shares of the semiconductor company’s stock worth $829,672,000 after purchasing an additional 648,145 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new stake in IPG Photonics during the 4th quarter worth $3,967,000. 56.06% of the stock is owned by institutional investors.
IPGP stock traded down $4.28 during midday trading on Friday, hitting $242.46. The stock had a trading volume of 328,200 shares, compared to its average volume of 568,669. The stock has a market capitalization of $13.56 billion, a P/E ratio of 33.40, a PEG ratio of 2.48 and a beta of 1.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.71 and a current ratio of 9.54. IPG Photonics has a 12-month low of $135.52 and a 12-month high of $264.11.
About IPG Photonics
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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