Wall Street brokerages expect IPG Photonics Co. (NASDAQ:IPGP) to post sales of $314.28 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for IPG Photonics’ earnings, with the lowest sales estimate coming in at $308.34 million and the highest estimate coming in at $318.60 million. IPG Photonics reported sales of $361.06 million during the same quarter last year, which indicates a negative year-over-year growth rate of 13%. The company is scheduled to report its next quarterly earnings report on Friday, February 15th.

On average, analysts expect that IPG Photonics will report full-year sales of $1.44 billion for the current financial year, with estimates ranging from $1.44 billion to $1.45 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.44 billion, with estimates ranging from $1.34 billion to $1.53 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms 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 for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $356.35 million for the quarter, compared to the consensus estimate of $355.48 million. During the same period in the prior year, the business earned $2.11 EPS. The company’s quarterly revenue was down 9.2% compared to the same quarter last year.

Several brokerages have recently commented on IPGP. ValuEngine downgraded IPG Photonics from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. BidaskClub downgraded IPG Photonics from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Raymond James raised IPG Photonics from a “market perform” rating to a “strong-buy” rating in a report on Friday, September 21st. Benchmark reduced their target price on IPG Photonics from $170.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Finally, DA Davidson reduced their target price on IPG Photonics to $200.00 in a report on Monday, October 8th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $219.75.

In other news, CAO Thomas J. Burgomaster sold 637 shares of the firm’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 sale, the chief accounting officer now directly owns 6,037 shares of the company’s stock, valued at approximately $548,461.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas J. Burgomaster sold 294 shares of the firm’s stock in a transaction dated Sunday, December 2nd. The stock was sold at an average price of $93.70, for a total value of $27,547.80. Following the sale, the chief accounting officer now directly 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 three months, insiders sold 1,131 shares of company stock valued at $103,915. Company insiders own 33.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sturgeon Ventures LLP raised its stake in shares of IPG Photonics by 13.4% during the 2nd quarter. Sturgeon Ventures LLP now owns 20,754 shares of the semiconductor company’s stock worth $4,556,000 after purchasing an additional 2,454 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of IPG Photonics by 14.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 33,345 shares of the semiconductor company’s stock worth $7,357,000 after purchasing an additional 4,233 shares in the last quarter. Redwood Investments LLC purchased a new stake in shares of IPG Photonics during the 2nd quarter worth about $490,000. Janus Henderson Group PLC raised its stake in shares of IPG Photonics by 47.7% during the 2nd quarter. Janus Henderson Group PLC now owns 593,969 shares of the semiconductor company’s stock worth $131,048,000 after purchasing an additional 191,959 shares in the last quarter. Finally, Equity Investment Corp purchased a new stake in shares of IPG Photonics during the 3rd quarter worth about $307,000. 60.76% of the stock is owned by institutional investors.

IPGP stock traded down $0.85 during trading hours on Friday, hitting $137.63. 16,699 shares of the stock traded hands, compared to its average volume of 868,788. IPG Photonics has a one year low of $107.59 and a one year high of $264.11. The stock has a market capitalization of $7.39 billion, a P/E ratio of 18.93, a P/E/G ratio of 2.03 and a beta of 1.77. The company has a quick ratio of 6.81, a current ratio of 8.64 and a debt-to-equity ratio of 0.02.

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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