Equities analysts expect that IPG Photonics Co. (NASDAQ:IPGP) will report $356.56 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for IPG Photonics’ earnings, with estimates ranging from $352.90 million to $359.50 million. IPG Photonics reported sales of $413.61 million in the same quarter last year, which would suggest a negative year over year growth rate of 13.8%. The business is scheduled to announce its next quarterly earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that IPG Photonics will report full-year sales of $1.42 billion for the current fiscal year, with estimates ranging from $1.40 billion to $1.44 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.54 billion, with estimates ranging from $1.51 billion to $1.58 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover IPG Photonics.
IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, April 30th. The semiconductor company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.02). IPG Photonics had a net margin of 24.94% and a return on equity of 16.09%. The company had revenue of $315.00 million for the quarter, compared to the consensus estimate of $308.75 million. During the same quarter last year, the business earned $1.93 earnings per share. IPG Photonics’s quarterly revenue was down 12.5% on a year-over-year basis.
Several equities analysts have weighed in on the company. Bank of America upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Monday, April 22nd. Needham & Company LLC raised their target price on IPG Photonics from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Cascend Securities restated a “buy” rating and set a $200.00 target price (up from $180.00) on shares of IPG Photonics in a report on Wednesday, May 1st. Benchmark lowered IPG Photonics from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, BidaskClub upgraded IPG Photonics from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. IPG Photonics presently has an average rating of “Hold” and an average price target of $185.90.
In other news, SVP Trevor Ness sold 5,025 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $170.22, for a total value of $855,355.50. Following the sale, the senior vice president now directly owns 25,657 shares of the company’s stock, valued at $4,367,334.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Igor Samartsev sold 800 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $172.10, for a total value of $137,680.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,825 shares of company stock worth $2,618,936. 33.90% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. CSat Investment Advisory L.P. grew its position in IPG Photonics by 133.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 508 shares of the semiconductor company’s stock worth $58,000 after buying an additional 290 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in IPG Photonics during the first quarter worth about $59,000. ETF Managers Group LLC grew its position in IPG Photonics by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock worth $63,000 after buying an additional 75 shares in the last quarter. Stephens Inc. AR grew its position in IPG Photonics by 89.4% during the first quarter. Stephens Inc. AR now owns 498 shares of the semiconductor company’s stock worth $76,000 after buying an additional 235 shares in the last quarter. Finally, First Hawaiian Bank grew its position in IPG Photonics by 68.3% during the first quarter. First Hawaiian Bank now owns 673 shares of the semiconductor company’s stock worth $102,000 after buying an additional 273 shares in the last quarter. 66.43% of the stock is currently owned by institutional investors.
NASDAQ IPGP traded up $0.52 during trading on Friday, hitting $131.01. 322,383 shares of the company traded hands, compared to its average volume of 485,336. IPG Photonics has a 12 month low of $104.64 and a 12 month high of $261.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.54 and a quick ratio of 6.55. The firm has a market cap of $6.96 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 2.94 and a beta of 1.87.
About IPG Photonics
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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