IPG Photonics Corporation (IPGP) Expected to Post Earnings of $1.79 Per Share
Analysts predict that IPG Photonics Corporation (NASDAQ:IPGP) will announce earnings per share (EPS) of $1.79 for the current quarter, according to Zacks. Four analysts have made estimates for IPG Photonics Corporation’s earnings, with estimates ranging from $1.70 to $1.85. IPG Photonics Corporation posted earnings per share of $1.29 in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.8%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, October 31st.
According to Zacks, analysts expect that IPG Photonics Corporation will report full year earnings of $6.60 per share for the current year, with EPS estimates ranging from $6.45 to $6.70. For the next fiscal year, analysts anticipate that the firm will post earnings of $7.14 per share, with EPS estimates ranging from $6.43 to $7.80. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow IPG Photonics Corporation.
IPG Photonics Corporation (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.28. The firm had revenue of $369.37 million for the quarter, compared to the consensus estimate of $333.06 million. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. The firm’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS.
IPGP has been the topic of a number of research reports. DA Davidson restated a “buy” rating and set a $220.00 price target on shares of IPG Photonics Corporation in a research note on Tuesday, October 10th. Needham & Company LLC restated a “buy” rating and set a $210.00 price target (up previously from $182.00) on shares of IPG Photonics Corporation in a research note on Friday. ValuEngine downgraded IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $170.00 price target (up previously from $165.00) on shares of IPG Photonics Corporation in a research note on Friday, September 1st. Finally, Canaccord Genuity raised their price target on IPG Photonics Corporation from $152.00 to $162.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $162.25.
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IPG Photonics Corporation (NASDAQ IPGP) traded up 0.85% during mid-day trading on Friday, reaching $202.55. The company’s stock had a trading volume of 328,955 shares. The firm has a 50-day moving average of $186.57 and a 200-day moving average of $155.24. IPG Photonics Corporation has a 52 week low of $83.27 and a 52 week high of $204.29. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 33.92 and a beta of 1.68.
In other news, SVP Angelo P. Lopresti sold 11,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $163.33, for a total value of $1,919,127.50. Following the completion of the sale, the senior vice president now directly owns 49,515 shares of the company’s stock, valued at approximately $8,087,284.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alexander Ovtchinnikov sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $160.30, for a total value of $1,923,600.00. Following the completion of the sale, the senior vice president now directly owns 83,595 shares of the company’s stock, valued at $13,400,278.50. The disclosure for this sale can be found here. Insiders have sold a total of 63,017 shares of company stock valued at $10,647,886 over the last ninety days. 33.80% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of IPGP. BlackRock Inc. lifted its holdings in shares of IPG Photonics Corporation by 15,820.1% in the 1st quarter. BlackRock Inc. now owns 2,957,324 shares of the semiconductor company’s stock valued at $356,949,000 after buying an additional 2,938,748 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of IPG Photonics Corporation by 50,089.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 326,735 shares of the semiconductor company’s stock valued at $47,409,000 after buying an additional 326,084 shares during the period. Vanguard Group Inc. lifted its holdings in shares of IPG Photonics Corporation by 8.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after buying an additional 245,876 shares during the period. BRILLIANCE ASSET MANAGEMENT Ltd acquired a new stake in shares of IPG Photonics Corporation in the 2nd quarter valued at approximately $31,827,000. Finally, Clearbridge Investments LLC lifted its holdings in shares of IPG Photonics Corporation by 25.6% in the 1st quarter. Clearbridge Investments LLC now owns 934,882 shares of the semiconductor company’s stock valued at $112,840,000 after buying an additional 190,514 shares during the period. 59.08% of the stock is owned by institutional investors and hedge funds.
IPG Photonics Corporation Company Profile
IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.
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