IPG Photonics Co. (NASDAQ:IPGP) – Equities researchers at Northcoast Research reduced their Q2 2019 earnings per share (EPS) estimates for shares of IPG Photonics in a research note issued on Wednesday, October 31st. Northcoast Research analyst T. Hayes now forecasts that the semiconductor company will post earnings per share of $2.23 for the quarter, down from their previous estimate of $2.53. Northcoast Research has a “Hold” rating on the stock. Northcoast Research also issued estimates for IPG Photonics’ Q3 2019 earnings at $1.83 EPS.
A number of other equities research analysts also recently issued reports on IPGP. BidaskClub upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. ValuEngine downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Needham & Company LLC reduced their price objective on shares of IPG Photonics from $280.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Stifel Nicolaus reduced their price objective on shares of IPG Photonics from $282.00 to $228.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Finally, DA Davidson reduced their price objective on shares of IPG Photonics to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $219.75.
Shares of IPG Photonics stock opened at $141.69 on Thursday. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.98 and a beta of 1.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.94 and a current ratio of 8.64. IPG Photonics has a 12-month low of $107.59 and a 12-month high of $264.11.
IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.01). The firm had revenue of $356.35 million for the quarter, compared to analyst estimates of $355.48 million. IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.11 earnings per share.
In other news, CAO Thomas J. Burgomaster sold 294 shares of the firm’s stock in a transaction that occurred on Sunday, December 2nd. The shares were sold at an average price of $93.70, for a total value of $27,547.80. Following the sale, the chief accounting officer now directly owns 6,037 shares in the company, valued at approximately $565,666.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Thomas J. Burgomaster sold 637 shares of the firm’s stock in a transaction that occurred on Sunday, November 11th. The shares were sold at an average price of $90.85, for a total transaction of $57,871.45. Following the completion of the sale, the chief accounting officer now owns 6,037 shares in the company, valued at $548,461.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,131 shares of company stock worth $103,915. 33.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of IPGP. Psagot Investment House Ltd. acquired a new stake in IPG Photonics during the 2nd quarter worth approximately $124,000. NumerixS Investment Technologies Inc acquired a new stake in IPG Photonics during the 2nd quarter worth approximately $128,000. Signet Financial Management LLC boosted its position in IPG Photonics by 556.7% during the 2nd quarter. Signet Financial Management LLC now owns 683 shares of the semiconductor company’s stock worth $151,000 after buying an additional 579 shares during the period. Pendal Group Ltd acquired a new stake in IPG Photonics during the 2nd quarter worth approximately $162,000. Finally, Centaurus Financial Inc. acquired a new stake in IPG Photonics during the 2nd quarter worth approximately $177,000. Institutional investors and hedge funds own 58.21% 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.
See Also: Earnings Per Share (EPS)
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