Brokerages expect IPG Photonics Co. (NASDAQ:IPGP) to report $287.03 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for IPG Photonics’ earnings, with the lowest sales estimate coming in at $282.90 million and the highest estimate coming in at $291.16 million. IPG Photonics posted sales of $330.05 million in the same quarter last year, which suggests a negative year over year growth rate of 13%. The business is scheduled to report its next earnings report on Tuesday, February 11th.
On average, analysts expect that IPG Photonics will report full year sales of $1.31 billion for the current fiscal year, with estimates ranging from $1.29 billion to $1.35 billion. For the next fiscal year, analysts expect that the business will post sales of $1.33 billion, with estimates ranging from $1.25 billion to $1.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for IPG Photonics.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.12). IPG Photonics had a net margin of 19.45% and a return on equity of 11.50%. The business had revenue of $329.14 million during the quarter, compared to the consensus estimate of $336.93 million. During the same period last year, the firm earned $1.84 EPS. The business’s revenue for the quarter was down 7.6% on a year-over-year basis.
Several analysts have recently issued reports on IPGP shares. Canaccord Genuity set a $150.00 price target on shares of IPG Photonics and gave the company a “hold” rating in a research report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Tuesday, October 29th. Zacks Investment Research raised shares of IPG Photonics from a “sell” rating to a “hold” rating and set a $115.00 price target on the stock in a research report on Tuesday, October 1st. Raymond James lowered their price target on shares of IPG Photonics from $204.00 to $190.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Susquehanna Bancshares set a $127.00 price target on shares of IPG Photonics and gave the company a “hold” rating in a research report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. IPG Photonics currently has an average rating of “Buy” and a consensus price target of $161.31.
In related news, CTO Igor Samartsev sold 800 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $134.65, for a total transaction of $107,720.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 33.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of IPGP. Pinebridge Investments L.P. grew its stake in IPG Photonics by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,373 shares of the semiconductor company’s stock worth $1,137,000 after buying an additional 83 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in IPG Photonics by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,344 shares of the semiconductor company’s stock worth $725,000 after buying an additional 84 shares in the last quarter. State of Michigan Retirement System grew its stake in IPG Photonics by 1.2% in the 3rd quarter. State of Michigan Retirement System now owns 8,600 shares of the semiconductor company’s stock worth $1,166,000 after buying an additional 100 shares in the last quarter. Flinton Capital Management LLC grew its stake in IPG Photonics by 7.6% in the 2nd quarter. Flinton Capital Management LLC now owns 2,272 shares of the semiconductor company’s stock worth $350,000 after buying an additional 160 shares in the last quarter. Finally, Garrison Asset Management LLC grew its stake in IPG Photonics by 1.0% in the 2nd quarter. Garrison Asset Management LLC now owns 17,577 shares of the semiconductor company’s stock worth $2,711,000 after buying an additional 167 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ IPGP traded down $4.33 during midday trading on Monday, hitting $136.52. The company’s stock had a trading volume of 357,700 shares, compared to its average volume of 475,845. The stock has a fifty day moving average price of $136.76 and a 200 day moving average price of $136.79. IPG Photonics has a one year low of $104.64 and a one year high of $182.17. The company has a current ratio of 9.08, a quick ratio of 7.05 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 11.29 and a beta of 2.17.
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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