IPG Photonics (NASDAQ:IPGP – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.050-0.350 for the period, compared to the consensus earnings per share estimate of 0.200. The company issued revenue guidance of $210.0 million-$240.0 million, compared to the consensus revenue estimate of $227.1 million. IPG Photonics also updated its Q4 guidance to $0.05-0.35 EPS.
IPG Photonics Stock Performance
NASDAQ IPGP traded down $2.35 during trading hours on Thursday, hitting $80.96. The company had a trading volume of 386,307 shares, compared to its average volume of 267,146. IPG Photonics has a 52 week low of $61.86 and a 52 week high of $111.11. The firm has a 50 day simple moving average of $71.68 and a 200 day simple moving average of $79.25. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -23.27 and a beta of 1.00.
IPG Photonics (NASDAQ:IPGP – Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. IPG Photonics had a return on equity of 5.99% and a net margin of 12.67%. The business had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue was down 22.6% compared to the same quarter last year. On average, research analysts forecast that IPG Photonics will post 1.38 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Stock Report on IPGP
IPG Photonics Company Profile
IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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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