IPG Photonics Corp. (IPGP) Set to Announce Quarterly Earnings on Friday
IPG Photonics Corp. (NASDAQ:IPGP) is scheduled to issue its Q313 quarterly earnings data on Friday, November 1st. Analysts expect the company to announce earnings of $0.84 per share and revenue of $172.72 million for the quarter.
IPG Photonics Corp. (NASDAQ:IPGP) opened at 64.81 on Thursday. IPG Photonics Corp. has a 52-week low of $54.20 and a 52-week high of $70.11. The stock’s 50-day moving average is $60.62 and its 200-day moving average is $59.8. The company has a market cap of $3.340 billion and a P/E ratio of 22.08.
On the ratings front, analysts at Noble Financial upgraded shares of IPG Photonics Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 5th. They now have a $66.00 price target on the stock, down previously from $72.00. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. IPG Photonics Corp. currently has a consensus rating of “Buy” and an average price target of $67.71.
In other IPG Photonics Corp. news, SVP Eugene A. Shcherbakov unloaded 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $64.26, for a total transaction of $220,861.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
IPG Photonics Corporation (NASDAQ:IPGP) is the developer and manufacturer of a range of fiber lasers, fiber amplifiers and diode lasers that are used in numerous applications in diverse end markets.
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