Zacks: Analysts Anticipate IPG Photonics Co. (NASDAQ:IPGP) Will Announce Earnings of $1.30 Per Share

Wall Street brokerages forecast that IPG Photonics Co. (NASDAQ:IPGP) will post $1.30 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for IPG Photonics’ earnings. IPG Photonics reported earnings per share of $1.29 during the same quarter last year, which suggests a positive year-over-year growth rate of 0.8%. The company is scheduled to issue its next earnings report on Friday, October 29th.

According to Zacks, analysts expect that IPG Photonics will report full-year earnings of $5.12 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.13. For the next financial year, analysts forecast that the company will report earnings of $6.41 per share, with EPS estimates ranging from $6.25 to $6.73. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, August 3rd. The semiconductor company reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.10). The firm had revenue of $371.66 million for the quarter, compared to analyst estimates of $380.88 million. IPG Photonics had a return on equity of 10.32% and a net margin of 16.24%. The business’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share.

Several equities research analysts have commented on IPGP shares. Benchmark upped their price target on IPG Photonics from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, June 30th. DA Davidson lowered their target price on IPG Photonics from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, August 4th. Needham & Company LLC reiterated a “buy” rating and issued a $205.00 target price on shares of IPG Photonics in a research note on Wednesday, August 25th. Citigroup lowered IPG Photonics from a “buy” rating to a “neutral” rating and lowered their target price for the company from $274.50 to $190.00 in a research note on Friday, August 6th. Finally, Canaccord Genuity lowered their target price on IPG Photonics from $240.00 to $192.00 and set a “hold” rating for the company in a research note on Monday, August 9th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $220.18.

NASDAQ:IPGP traded down $1.15 on Wednesday, hitting $172.03. 4,311 shares of the stock were exchanged, compared to its average volume of 315,237. The stock has a market cap of $9.20 billion, a PE ratio of 41.93 and a beta of 1.33. The company has a current ratio of 8.95, a quick ratio of 7.37 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $186.78 and a 200-day moving average of $202.16. IPG Photonics has a fifty-two week low of $156.63 and a fifty-two week high of $262.55.

In other IPG Photonics news, major shareholder Fibre Devices Ltd Ip sold 1,800 shares of the stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $220.06, for a total transaction of $396,108.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Trevor Ness sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $220.07, for a total value of $572,182.00. The disclosure for this sale can be found here. 32.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sowell Financial Services LLC lifted its holdings in shares of IPG Photonics by 25.4% in the 1st quarter. Sowell Financial Services LLC now owns 291 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 59 shares during the last quarter. Berman Capital Advisors LLC raised its stake in IPG Photonics by 82.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 133 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in IPG Photonics by 1.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,688 shares of the semiconductor company’s stock valued at $988,000 after acquiring an additional 61 shares in the last quarter. Arizona State Retirement System raised its stake in IPG Photonics by 0.6% during the 1st quarter. Arizona State Retirement System now owns 10,758 shares of the semiconductor company’s stock valued at $2,269,000 after acquiring an additional 68 shares in the last quarter. Finally, Brinker Capital Investments LLC raised its stake in IPG Photonics by 3.3% during the 2nd quarter. Brinker Capital Investments LLC now owns 2,308 shares of the semiconductor company’s stock valued at $486,000 after acquiring an additional 73 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Company Profile

IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include lasers, beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals.

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

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