Analysts Anticipate IPG Photonics Co. (IPGP) Will Post Earnings of $2.22 Per Share

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.

Get a free copy of the Zacks research report on IPG Photonics (IPGP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.


Leave a Reply