Brokerages expect IPG Photonics Co. (NASDAQ:IPGP) to post earnings of $1.95 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for IPG Photonics’ earnings. The lowest EPS estimate is $1.91 and the highest is $2.03. IPG Photonics posted earnings per share of $2.11 during the same quarter last year, which would suggest a negative year over year growth rate of 7.6%. The business is scheduled to announce its next earnings report on Tuesday, October 30th.
According to Zacks, analysts expect that IPG Photonics will report full year earnings of $8.02 per share for the current fiscal year, with EPS estimates ranging from $8.00 to $8.08. For the next fiscal year, analysts expect that the company will report earnings of $8.69 per share, with EPS estimates ranging from $8.50 to $8.89. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover IPG Photonics.
IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, July 31st. The semiconductor company reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.01). IPG Photonics had a return on equity of 21.55% and a net margin of 25.96%. The business had revenue of $413.61 million for the quarter, compared to analysts’ expectations of $418.61 million. During the same period last year, the business earned $1.91 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis.
IPGP has been the subject of several recent research reports. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. ValuEngine cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Needham & Company LLC reduced their target price on shares of IPG Photonics from $280.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Finally, Stifel Nicolaus reduced their target price on shares of IPG Photonics from $282.00 to $228.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. IPG Photonics presently has a consensus rating of “Buy” and an average target price of $242.00.
Shares of IPG Photonics stock traded up $4.93 during trading on Friday, hitting $167.49. 25,272 shares of the company’s stock were exchanged, compared to its average volume of 592,211. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.73 and a quick ratio of 6.94. IPG Photonics has a 52-week low of $153.37 and a 52-week high of $264.11. The stock has a market cap of $8.63 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.67 and a beta of 1.78.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IPGP. Guggenheim Capital LLC increased its holdings in IPG Photonics by 276.2% in the first quarter. Guggenheim Capital LLC now owns 461,192 shares of the semiconductor company’s stock valued at $107,634,000 after buying an additional 338,606 shares in the last quarter. FMR LLC increased its holdings in IPG Photonics by 263.3% in the second quarter. FMR LLC now owns 417,624 shares of the semiconductor company’s stock valued at $92,141,000 after buying an additional 302,662 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd purchased a new stake in shares of IPG Photonics in the 1st quarter valued at approximately $64,250,000. Waddell & Reed Financial Inc. purchased a new stake in shares of IPG Photonics in the 2nd quarter valued at approximately $58,469,000. Finally, United Services Automobile Association raised its stake in shares of IPG Photonics by 396.1% in the 2nd quarter. United Services Automobile Association now owns 323,519 shares of the semiconductor company’s stock valued at $13,847,000 after acquiring an additional 258,306 shares during the period. 58.34% of the stock is owned by institutional investors.
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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