IPG Photonics Co. (NASDAQ:IPGP) Expected to Post Earnings of $1.30 Per Share

Brokerages expect that IPG Photonics Co. (NASDAQ:IPGP) will report $1.30 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for IPG Photonics’ earnings. IPG Photonics reported earnings per share of $1.29 in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.8%. The firm is expected to announce its next earnings report on Friday, October 29th.

On average, analysts expect that IPG Photonics will report full-year earnings of $5.12 per share for the current fiscal year, with EPS estimates ranging from $5.10 to $5.13. For the next year, analysts forecast that the firm will report earnings of $6.41 per share, with EPS estimates ranging from $6.25 to $6.73. Zacks’ earnings per share averages are an average based on a survey of analysts that cover IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, August 3rd. The semiconductor company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.10). The business had revenue of $371.66 million for the quarter, compared to analyst estimates of $380.88 million. IPG Photonics had a return on equity of 10.32% and a net margin of 16.24%. IPG Photonics’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS.

IPGP has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $205.00 target price on shares of IPG Photonics in a report on Wednesday, August 25th. Citigroup lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating and dropped their target price for the company from $274.50 to $190.00 in a report on Friday, August 6th. TheStreet upgraded shares of IPG Photonics from a “c+” rating to a “b-” rating in a report on Friday, June 25th. Benchmark lifted their price target on shares of IPG Photonics from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, June 30th. Finally, DA Davidson decreased their price target on shares of IPG Photonics from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, August 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, IPG Photonics currently has a consensus rating of “Hold” and a consensus target price of $220.18.

IPGP stock traded down $1.15 during midday trading on Wednesday, hitting $172.03. The stock had a trading volume of 4,311 shares, compared to its average volume of 315,237. The firm has a market cap of $9.20 billion, a P/E ratio of 41.93 and a beta of 1.33. The company has a current ratio of 8.95, a quick ratio of 7.37 and a debt-to-equity ratio of 0.01. IPG Photonics has a 1-year low of $156.63 and a 1-year high of $262.55. The business has a fifty day moving average price of $186.78 and a two-hundred day moving average price of $202.16.

In other IPG Photonics news, major shareholder Fibre Devices Ltd Ip sold 1,800 shares of the company’s stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $220.06, for a total value of $396,108.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Trevor Ness sold 2,600 shares of the company’s stock in a transaction dated Monday, August 2nd. The stock was sold at an average price of $220.07, for a total transaction of $572,182.00. The disclosure for this sale can be found here. Insiders own 32.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of IPG Photonics by 342.7% during the 1st quarter. FMR LLC now owns 235,257 shares of the semiconductor company’s stock valued at $35,708,000 after buying an additional 182,112 shares in the last quarter. AE Wealth Management LLC bought a new stake in IPG Photonics during the 1st quarter worth approximately $532,000. Janney Montgomery Scott LLC increased its holdings in IPG Photonics by 10.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,022 shares of the semiconductor company’s stock worth $216,000 after acquiring an additional 95 shares during the period. US Bancorp DE increased its holdings in IPG Photonics by 5.5% during the 1st quarter. US Bancorp DE now owns 13,997 shares of the semiconductor company’s stock worth $2,953,000 after acquiring an additional 726 shares during the period. Finally, Robeco Schweiz AG increased its holdings in IPG Photonics by 66.1% during the 1st quarter. Robeco Schweiz AG now owns 435,100 shares of the semiconductor company’s stock worth $91,780,000 after acquiring an additional 173,200 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

About IPG Photonics

IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include lasers, beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals.

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Earnings History and Estimates for IPG Photonics (NASDAQ:IPGP)

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