Equities research analysts expect IPG Photonics Co. (NASDAQ:IPGP) to report $2.22 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for IPG Photonics’ earnings, with the highest EPS estimate coming in at $2.27 and the lowest estimate coming in at $2.19. IPG Photonics reported earnings per share of $1.91 during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.2%. The firm is scheduled to issue its next 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 fiscal year, with EPS estimates ranging from $8.35 to $8.65. For the next financial year, analysts forecast that the business will report earnings of $9.49 per share, with EPS estimates ranging from $9.10 to $10.21. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for IPG Photonics.
IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, May 1st. The semiconductor company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. IPG Photonics had a return on equity of 21.59% and a net margin of 25.56%. The firm had revenue of $359.90 million for the quarter, compared to analyst estimates of $346.35 million. During the same quarter in the previous year, the company posted $1.38 EPS. The business’s revenue was up 25.9% on a year-over-year basis.
A number of equities research analysts have commented on the company. Zacks Investment Research lowered IPG Photonics from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. BidaskClub upgraded IPG Photonics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 12th. Stifel Nicolaus assumed coverage on IPG Photonics in a research report on Thursday, May 10th. They issued a “buy” rating and a $282.00 price target on the stock. ValuEngine upgraded IPG Photonics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Benchmark reiterated a “buy” rating and issued a $262.00 price target on shares of IPG Photonics in a research report on Monday, May 21st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. IPG Photonics currently has an average rating of “Buy” and a consensus target price of $274.00.
Shares of IPG Photonics traded down $6.63, reaching $215.70, during trading on Friday, according to Marketbeat Ratings. The company had a trading volume of 25,539 shares, compared to its average volume of 338,282. IPG Photonics has a 12 month low of $142.58 and a 12 month high of $264.11. The firm has a market capitalization of $11.81 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 2.16 and a beta of 1.91. The company has a current ratio of 9.54, a quick ratio of 7.71 and a debt-to-equity ratio of 0.02.
In related news, major shareholder Valentin Gapontsev Trust I sold 20,000 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $233.73, for a total transaction of $4,674,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Trevor Ness sold 6,000 shares of the company’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $250.44, for a total value of $1,502,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,255 shares of company stock worth $10,528,512. 33.40% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in IPGP. Wolverine Asset Management LLC bought a new position in IPG Photonics in the fourth quarter worth approximately $102,000. Summit Trail Advisors LLC boosted its holdings in IPG Photonics by 13,274.9% in the first quarter. Summit Trail Advisors LLC now owns 103,923 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 103,146 shares in the last quarter. Tiverton Asset Management LLC bought a new position in IPG Photonics in the first quarter worth approximately $171,000. C M Bidwell & Associates Ltd. boosted its holdings in IPG Photonics by 41.7% in the first quarter. C M Bidwell & Associates Ltd. now owns 850 shares of the semiconductor company’s stock worth $198,000 after acquiring an additional 250 shares in the last quarter. Finally, Bank of Hawaii bought a new position in IPG Photonics in the fourth quarter worth approximately $200,000. Institutional investors own 57.51% of the company’s stock.
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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