Analysts Anticipate IPG Photonics Co. (IPGP) Will Announce Earnings of $1.43 Per Share

Analysts expect IPG Photonics Co. (NASDAQ:IPGP) to report $1.43 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for IPG Photonics’ earnings. The lowest EPS estimate is $1.40 and the highest is $1.46. IPG Photonics posted earnings per share of $1.86 in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.1%. The business is scheduled to announce its next quarterly earnings report on Friday, February 15th.

According to Zacks, analysts expect that IPG Photonics will report full-year earnings of $7.41 per share for the current fiscal year, with EPS estimates ranging from $7.37 to $7.44. For the next financial year, analysts anticipate that the company will report earnings of $7.17 per share, with EPS estimates ranging from $6.10 to $7.93. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover IPG Photonics.

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

Several brokerages recently commented on IPGP. ValuEngine downgraded shares of IPG Photonics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. BidaskClub downgraded shares of IPG Photonics from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Raymond James raised shares of IPG Photonics from a “market perform” rating to a “strong-buy” rating in a research note on Friday, September 21st. Susquehanna Bancshares began coverage on shares of IPG Photonics in a research note on Friday, November 30th. They issued a “neutral” rating and a $151.00 target price on the stock. Finally, Benchmark decreased their target price on shares of IPG Photonics from $170.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. IPG Photonics has an average rating of “Hold” and an average price target of $212.11.

In related news, CAO Thomas J. Burgomaster sold 294 shares of the company’s stock in a transaction dated Sunday, December 2nd. The shares were 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 in the company, valued at approximately $565,666.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Thomas J. Burgomaster sold 637 shares of the company’s stock in a transaction dated 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 owns 6,037 shares in the company, valued at approximately $548,461.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,131 shares of company stock worth $103,915. Company insiders own 33.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in IPGP. Dupont Capital Management Corp increased its position in shares of IPG Photonics by 25.4% during the 2nd quarter. Dupont Capital Management Corp now owns 4,377 shares of the semiconductor company’s stock valued at $966,000 after purchasing an additional 886 shares during the last quarter. Alps Advisors Inc. increased its position in shares of IPG Photonics by 110.8% during the 2nd quarter. Alps Advisors Inc. now owns 3,966 shares of the semiconductor company’s stock valued at $849,000 after purchasing an additional 2,085 shares during the last quarter. TD Asset Management Inc. increased its position in shares of IPG Photonics by 8.4% during the 2nd quarter. TD Asset Management Inc. now owns 12,887 shares of the semiconductor company’s stock valued at $2,843,000 after purchasing an additional 997 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of IPG Photonics by 8.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 135,405 shares of the semiconductor company’s stock valued at $29,874,000 after purchasing an additional 10,835 shares during the last quarter. Finally, Aviva PLC increased its position in shares of IPG Photonics by 2.6% during the 2nd quarter. Aviva PLC now owns 18,045 shares of the semiconductor company’s stock valued at $3,981,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 59.16% of the company’s stock.

Shares of IPGP stock traded down $7.61 during trading hours on Friday, hitting $123.77. 26,019 shares of the company’s stock were exchanged, compared to its average volume of 500,229. The company has a market capitalization of $7.33 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 2.01 and a beta of 1.76. IPG Photonics has a 12-month low of $107.59 and a 12-month high of $264.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.81 and a current ratio of 8.64.

IPG Photonics Company Profile

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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