$364.40 Million in Sales Expected for IPG Photonics Co. (NASDAQ:IPGP) This Quarter

Wall Street analysts predict that IPG Photonics Co. (NASDAQ:IPGP) will post $364.40 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for IPG Photonics’ earnings. The lowest sales estimate is $363.10 million and the highest is $365.70 million. IPG Photonics posted sales of $318.44 million during the same quarter last year, which suggests a positive year over year growth rate of 14.4%. The company is scheduled to report its next quarterly earnings report on Friday, October 29th.

According to Zacks, analysts expect that IPG Photonics will report full-year sales of $1.45 billion for the current financial year, with estimates ranging from $1.43 billion to $1.47 billion. For the next financial year, analysts forecast that the business will report sales of $1.66 billion, with estimates ranging from $1.65 billion to $1.67 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 issued its quarterly earnings data on Tuesday, August 3rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by ($0.10). The business had revenue of $371.66 million during the quarter, compared to the consensus estimate of $380.88 million. IPG Photonics had a net margin of 16.24% and a return on equity of 10.32%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS.

IPGP has been the topic of a number of recent analyst reports. TheStreet upgraded IPG Photonics from a “c+” rating to a “b-” rating in a research report on Friday, June 25th. Canaccord Genuity lowered their target price on IPG Photonics from $240.00 to $192.00 and set a “hold” rating on the stock in a research note on Monday, August 9th. Benchmark lifted their price objective on IPG Photonics from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, June 30th. Citigroup downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $274.50 to $190.00 in a research note on Friday, August 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $205.00 price target on shares of IPG Photonics in a report on Wednesday, August 25th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $220.18.

Shares of NASDAQ IPGP traded down $5.15 during trading hours on Friday, hitting $166.57. The company had a trading volume of 763,166 shares, compared to its average volume of 316,569. The firm’s 50 day moving average is $185.48 and its 200-day moving average is $201.75. IPG Photonics has a 1-year low of $156.63 and a 1-year high of $262.55. The stock has a market capitalization of $8.91 billion, a P/E ratio of 40.33 and a beta of 1.33. The company has a quick ratio of 7.37, a current ratio of 8.95 and a debt-to-equity ratio of 0.01.

In other news, SVP Trevor Ness sold 2,600 shares of IPG Photonics stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $220.07, for a total transaction of $572,182.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Fibre Devices Ltd Ip sold 1,800 shares of the company’s stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $220.06, for a total transaction of $396,108.00. The disclosure for this sale can be found here. 32.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. lifted its stake in IPG Photonics by 0.8% in the 2nd quarter. Alliancebernstein L.P. now owns 3,197,739 shares of the semiconductor company’s stock valued at $673,987,000 after acquiring an additional 26,540 shares in the last quarter. Invesco Ltd. boosted its position in shares of IPG Photonics by 4.9% in the second quarter. Invesco Ltd. now owns 1,501,449 shares of the semiconductor company’s stock valued at $316,459,000 after acquiring an additional 70,601 shares during the period. State Street Corp grew its position in IPG Photonics by 1.3% during the second quarter. State Street Corp now owns 1,391,285 shares of the semiconductor company’s stock worth $293,241,000 after buying an additional 18,325 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in IPG Photonics by 3.4% during the first quarter. Artisan Partners Limited Partnership now owns 891,635 shares of the semiconductor company’s stock worth $188,082,000 after purchasing an additional 29,554 shares during the period. Finally, Geode Capital Management LLC lifted its stake in IPG Photonics by 4.0% during the second quarter. Geode Capital Management LLC now owns 675,089 shares of the semiconductor company’s stock worth $141,915,000 after purchasing an additional 25,726 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors.

IPG Photonics Company Profile

IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include lasers, beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals.

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

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