IPG Photonics Co. (NASDAQ:IPGP) Expected to Post Earnings of $0.20 Per Share

Wall Street analysts forecast that IPG Photonics Co. (NASDAQ:IPGP) will post earnings of $0.20 per share for the current quarter, according to Zacks. Four analysts have issued estimates for IPG Photonics’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.15. IPG Photonics posted earnings per share of $1.02 in the same quarter last year, which would indicate a negative year over year growth rate of 80.4%. The business is expected to report its next quarterly earnings report on Tuesday, May 5th.

On average, analysts expect that IPG Photonics will report full year earnings of $3.20 per share for the current financial year, with EPS estimates ranging from $1.84 to $4.65. For the next financial year, analysts expect that the company will report earnings of $4.54 per share, with EPS estimates ranging from $3.67 to $5.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Thursday, February 13th. The semiconductor company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). IPG Photonics had a return on equity of 10.09% and a net margin of 13.71%. The business had revenue of $306.60 million during the quarter, compared to analysts’ expectations of $285.77 million. During the same quarter in the previous year, the firm earned $1.40 EPS. IPG Photonics’s quarterly revenue was down 7.1% on a year-over-year basis.

A number of equities analysts have recently weighed in on IPGP shares. Northcoast Research restated a “neutral” rating on shares of IPG Photonics in a research note on Tuesday. DA Davidson restated an “outperform” rating and issued a $170.00 target price on shares of IPG Photonics in a research note on Friday, February 14th. TheStreet downgraded IPG Photonics from a “b-” rating to a “c+” rating in a research note on Tuesday, January 7th. BidaskClub upgraded IPG Photonics from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. IPG Photonics presently has a consensus rating of “Hold” and a consensus price target of $160.82.

Shares of NASDAQ IPGP traded down $3.06 during midday trading on Friday, reaching $140.87. The company’s stock had a trading volume of 476,758 shares, compared to its average volume of 469,142. IPG Photonics has a 12-month low of $113.67 and a 12-month high of $182.17. The firm has a 50 day moving average price of $139.83 and a 200-day moving average price of $136.27. The stock has a market capitalization of $7.21 billion, a P/E ratio of 42.05, a PEG ratio of 13.77 and a beta of 2.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.88 and a quick ratio of 7.90.

In related news, major shareholder Valentin Gapontsev Trust I sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $141.06, for a total value of $1,128,480.00. Following the transaction, the insider now owns 7,533,928 shares in the company, valued at $1,062,735,883.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 33.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Orion Portfolio Solutions LLC bought a new stake in IPG Photonics during the 4th quarter valued at $31,000. TRUE Private Wealth Advisors bought a new stake in IPG Photonics during the 4th quarter valued at $36,000. Lenox Wealth Advisors LLC raised its holdings in IPG Photonics by 213.4% during the 4th quarter. Lenox Wealth Advisors LLC now owns 257 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 175 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of IPG Photonics by 222.1% in the third quarter. Meeder Asset Management Inc. now owns 277 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 191 shares during the period. Finally, Cerebellum GP LLC bought a new position in shares of IPG Photonics in the third quarter worth $50,000. 64.66% of the stock is currently owned by institutional investors and hedge funds.

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

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