Brokerages expect that IPG Photonics Corporation (NASDAQ:IPGP) will post sales of $347.15 million for the current quarter, according to Zacks. Four analysts have issued estimates for IPG Photonics’ earnings. The highest sales estimate is $355.00 million and the lowest is $340.00 million. IPG Photonics reported sales of $280.12 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.9%. The company is expected to announce its next earnings results on Tuesday, February 13th.

On average, analysts expect that IPG Photonics will report full-year sales of $347.15 million for the current financial year, with estimates ranging from $1.39 billion to $1.40 billion. For the next year, analysts forecast that the business will report sales of $1.53 billion per share, with estimates ranging from $1.47 billion to $1.60 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.32. The firm had revenue of $392.62 million during the quarter, compared to analysts’ expectations of $367.27 million. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The business’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS.

Several equities analysts recently commented on IPGP shares. DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of IPG Photonics in a research note on Tuesday, October 10th. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of IPG Photonics in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 target price for the company in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price (up from $182.00) on shares of IPG Photonics in a research note on Friday, October 20th. Finally, ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $180.33.

In other news, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $198.79, for a total value of $1,888,505.00. Following the sale, the senior vice president now owns 16,957 shares of the company’s stock, valued at approximately $3,370,882.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Trevor Ness sold 10,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the completion of the sale, the senior vice president now directly owns 22,906 shares in the company, valued at approximately $4,768,342.02. The disclosure for this sale can be found here. Corporate insiders own 33.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. AXA grew its holdings in shares of IPG Photonics by 31.0% in the 3rd quarter. AXA now owns 400,774 shares of the semiconductor company’s stock worth $74,167,000 after purchasing an additional 94,837 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of IPG Photonics by 84.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 30,250 shares of the semiconductor company’s stock worth $5,598,000 after purchasing an additional 13,830 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of IPG Photonics in the 3rd quarter worth about $1,374,000. Belpointe Asset Management LLC bought a new stake in shares of IPG Photonics in the 3rd quarter worth about $1,114,000. Finally, Insight Capital Research & Management Inc. bought a new stake in shares of IPG Photonics in the 3rd quarter worth about $2,197,000. 56.38% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics (NASDAQ:IPGP) traded up $4.59 during trading hours on Tuesday, reaching $212.65. 459,100 shares of the company traded hands, compared to its average volume of 361,163. The firm has a market cap of $11,155.32, a PE ratio of 30.64, a P/E/G ratio of 2.48 and a beta of 1.70. IPG Photonics has a 1 year low of $95.04 and a 1 year high of $248.23. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02.

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

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