Q4 2018 EPS Estimates for IPG Photonics Co. Decreased by Analyst (IPGP)

IPG Photonics Co. (NASDAQ:IPGP) – Equities researchers at Northcoast Research dropped their Q4 2018 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 $1.42 for the quarter, down from their prior estimate of $1.97. Northcoast Research has a “Hold” rating on the stock. Northcoast Research also issued estimates for IPG Photonics’ Q1 2019 earnings at $1.73 EPS, Q4 2019 earnings at $1.53 EPS and FY2019 earnings at $7.32 EPS.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.01). The company had revenue of $356.35 million during the quarter, compared to analyst estimates of $355.48 million. IPG Photonics had a net margin of 25.58% and a return on equity of 20.30%. IPG Photonics’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 EPS.

Several other equities research analysts have also recently issued reports on the company. Raymond James raised IPG Photonics from a “market perform” rating to a “strong-buy” rating in a research note on Friday, September 21st. Zacks Investment Research cut IPG Photonics from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. ValuEngine cut IPG Photonics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Longbow Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Friday, September 28th. Finally, Bank of America started coverage on IPG Photonics in a research note on Friday, October 19th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. IPG Photonics currently has an average rating of “Hold” and a consensus target price of $219.75.

IPGP stock opened at $145.83 on Friday. The company has a quick ratio of 6.94, a current ratio of 8.64 and a debt-to-equity ratio of 0.02. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.98 and a beta of 1.80. IPG Photonics has a 52-week low of $107.59 and a 52-week high of $264.11.

A number of large investors have recently added to or reduced their stakes in IPGP. Millennium Management LLC boosted its holdings in IPG Photonics by 49.7% in the first quarter. Millennium Management LLC now owns 23,699 shares of the semiconductor company’s stock valued at $5,531,000 after purchasing an additional 7,869 shares during the period. CIBC World Markets Inc. purchased a new position in IPG Photonics in the first quarter valued at $336,000. Dorsey Wright & Associates boosted its holdings in IPG Photonics by 104.0% in the second quarter. Dorsey Wright & Associates now owns 20,950 shares of the semiconductor company’s stock valued at $4,622,000 after purchasing an additional 10,679 shares during the period. IFM Investors Pty Ltd boosted its holdings in IPG Photonics by 61.2% in the second quarter. IFM Investors Pty Ltd now owns 1,636 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 621 shares during the period. Finally, Empowered Funds LLC boosted its holdings in IPG Photonics by 26.9% in the second quarter. Empowered Funds LLC now owns 6,278 shares of the semiconductor company’s stock valued at $1,342,000 after purchasing an additional 1,331 shares during the period. Hedge funds and other institutional investors own 58.21% of the company’s stock.

In other news, CAO Thomas J. Burgomaster sold 637 shares of the firm’s stock in a transaction on Sunday, November 11th. The stock was sold at an average price of $90.85, for a total transaction of $57,871.45. Following the completion of the transaction, the chief accounting officer now directly owns 6,037 shares in the company, valued at $548,461.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Thomas J. Burgomaster sold 294 shares of the firm’s stock in a transaction on Sunday, December 2nd. The stock was sold at an average price of $93.70, for a total value of $27,547.80. Following the transaction, the chief accounting officer now owns 6,037 shares of the company’s stock, valued at $565,666.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,131 shares of company stock valued at $103,915. Company insiders own 33.80% 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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Earnings History and Estimates for IPG Photonics (NASDAQ:IPGP)

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