Analysts Anticipate IPG Photonics Co. (NASDAQ:IPGP) to Post $1.07 EPS


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Wall Street analysts expect that IPG Photonics Co. (NASDAQ:IPGP) will report earnings of $1.07 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for IPG Photonics’ earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $0.97. IPG Photonics posted earnings of $0.40 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 167.5%. The firm is expected to announce its next earnings report before the market opens on Tuesday, May 4th.

On average, analysts expect that IPG Photonics will report full-year earnings of $5.23 per share for the current year, with EPS estimates ranging from $5.00 to $5.50. For the next financial year, analysts forecast that the firm will post earnings of $6.55 per share, with EPS estimates ranging from $6.21 to $7.35. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, May 4th. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.09 by $0.17. The company had revenue of $345.59 million during the quarter, compared to analyst estimates of $324.11 million. IPG Photonics had a return on equity of 7.76% and a net margin of 9.04%. The business’s revenue was up 38.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS.

Several research analysts have recently commented on the company. Canaccord Genuity lifted their target price on IPG Photonics from $177.00 to $240.00 and gave the stock a “hold” rating in a research report on Monday, March 1st. DA Davidson boosted their price objective on IPG Photonics from $210.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 17th. Needham & Company LLC upgraded IPG Photonics from a “hold” rating to a “buy” rating and set a $280.00 price objective for the company in a research report on Tuesday, January 19th. Benchmark restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 17th. Finally, Zacks Investment Research lowered IPG Photonics from a “buy” rating to a “hold” rating and set a $229.00 price objective for the company. in a research report on Tuesday, January 5th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $230.75.

Shares of IPGP traded down $22.08 during mid-day trading on Tuesday, hitting $189.49. The stock had a trading volume of 879,756 shares, compared to its average volume of 296,009. The company has a market cap of $10.14 billion, a PE ratio of 96.19 and a beta of 1.48. The company’s fifty day simple moving average is $219.53 and its two-hundred day simple moving average is $218.78. The company has a quick ratio of 8.25, a current ratio of 10.09 and a debt-to-equity ratio of 0.01. IPG Photonics has a fifty-two week low of $136.20 and a fifty-two week high of $262.55.

In other IPG Photonics news, CFO Timothy Pv Mammen sold 1,666 shares of the business’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $213.70, for a total transaction of $356,024.20. Following the completion of the transaction, the chief financial officer now owns 46,309 shares in the company, valued at approximately $9,896,233.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Trevor Ness sold 2,938 shares of the business’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $225.10, for a total value of $661,343.80. Following the completion of the sale, the senior vice president now directly owns 19,121 shares in the company, valued at approximately $4,304,137.10. The disclosure for this sale can be found here. Insiders have sold a total of 5,104 shares of company stock valued at $1,123,888 in the last quarter. 34.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of IPGP. BlackRock Inc. raised its stake in shares of IPG Photonics by 20.3% in the 4th quarter. BlackRock Inc. now owns 2,896,731 shares of the semiconductor company’s stock worth $648,260,000 after buying an additional 489,602 shares in the last quarter. Norges Bank bought a new stake in shares of IPG Photonics in the 4th quarter worth $85,485,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of IPG Photonics by 204.6% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 379,015 shares of the semiconductor company’s stock worth $79,949,000 after buying an additional 254,567 shares in the last quarter. FMR LLC raised its stake in shares of IPG Photonics by 342.7% in the 1st quarter. FMR LLC now owns 235,257 shares of the semiconductor company’s stock worth $35,708,000 after buying an additional 182,112 shares in the last quarter. Finally, Robeco Schweiz AG raised its position in shares of IPG Photonics by 66.1% during the first quarter. Robeco Schweiz AG now owns 435,100 shares of the semiconductor company’s stock worth $91,780,000 after purchasing an additional 173,200 shares during the period. 63.36% of the stock is currently owned by institutional investors.

IPG Photonics Company Profile

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 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; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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

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