Brokerages expect that IPG Photonics Co. (NASDAQ:IPGP) will announce earnings of $1.43 per share for the current quarter, Zacks reports. Four analysts have made estimates for IPG Photonics’ earnings, with the lowest EPS estimate coming in at $1.37 and the highest estimate coming in at $1.48. IPG Photonics posted earnings of $2.24 per share in the same quarter last year, which suggests a negative year over year growth rate of 36.2%. The business is scheduled to report its next quarterly earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that IPG Photonics will report full-year earnings of $5.78 per share for the current fiscal year, with EPS estimates ranging from $5.35 to $6.08. For the next fiscal year, analysts forecast that the business will report earnings of $6.98 per share, with EPS estimates ranging from $6.30 to $7.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover IPG Photonics.
IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.02). IPG Photonics had a return on equity of 16.09% and a net margin of 24.94%. The company had revenue of $315.00 million for the quarter, compared to analyst estimates of $308.75 million. During the same period last year, the business earned $1.93 EPS. The business’s quarterly revenue was down 12.5% compared to the same quarter last year.
IPGP has been the subject of several recent analyst reports. BidaskClub raised IPG Photonics from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Zacks Investment Research upgraded IPG Photonics from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Benchmark restated a “buy” rating and set a $165.00 target price on shares of IPG Photonics in a report on Thursday, February 14th. Cascend Securities reaffirmed a “buy” rating and issued a $200.00 price target (up from $180.00) on shares of IPG Photonics in a research note on Wednesday, May 1st. Finally, Canaccord Genuity increased their target price on IPG Photonics from $138.00 to $180.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $185.90.
In related news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $162.59, for a total value of $1,625,900.00. Following the completion of the sale, the insider now owns 7,555,999 shares of the company’s stock, valued at $1,228,529,877.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Igor Samartsev sold 800 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $172.10, for a total value of $137,680.00. The disclosure for this sale can be found here. Insiders sold 15,825 shares of company stock worth $2,618,936 in the last 90 days. Company insiders own 33.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in IPGP. CSat Investment Advisory L.P. raised its stake in IPG Photonics by 133.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 508 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 290 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in shares of IPG Photonics during the first quarter worth about $59,000. ETF Managers Group LLC grew its holdings in shares of IPG Photonics by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock worth $63,000 after buying an additional 75 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of IPG Photonics by 89.4% during the first quarter. Stephens Inc. AR now owns 498 shares of the semiconductor company’s stock worth $76,000 after buying an additional 235 shares during the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of IPG Photonics by 68.3% during the first quarter. First Hawaiian Bank now owns 673 shares of the semiconductor company’s stock worth $102,000 after buying an additional 273 shares during the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.
NASDAQ:IPGP traded down $5.48 during trading hours on Friday, hitting $131.83. 15,400 shares of the company traded hands, compared to its average volume of 476,022. The company has a current ratio of 8.54, a quick ratio of 6.55 and a debt-to-equity ratio of 0.02. IPG Photonics has a one year low of $104.64 and a one year high of $245.00. The stock has a market cap of $7.10 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.92 and a beta of 2.07.
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.
Recommended Story: Understanding debt-to-equity ratio in fundamental analysis
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.