Analysts expect IPG Photonics Corporation (NASDAQ:IPGP) to report sales of $366.23 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for IPG Photonics Corporation’s earnings, with estimates ranging from $360.00 million to $372.10 million. IPG Photonics Corporation reported sales of $266.02 million in the same quarter last year, which indicates a positive year over year growth rate of 37.7%. The company is expected to report its next earnings report before the market opens on Tuesday, October 31st.

According to Zacks, analysts expect that IPG Photonics Corporation will report full-year sales of $366.23 million for the current year, with estimates ranging from $1.34 billion to $1.35 billion. For the next financial year, analysts expect that the firm will report sales of $1.47 billion per share, with estimates ranging from $1.44 billion to $1.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow IPG Photonics Corporation.

IPG Photonics Corporation (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.28. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. The company had revenue of $369.37 million during the quarter, compared to analyst estimates of $333.06 million. During the same period in the prior year, the firm earned $1.25 earnings per share. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year.

IPGP has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and set a $220.00 target price on shares of IPG Photonics Corporation in a research note on Tuesday, October 10th. ValuEngine cut IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research cut IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $170.00 price objective (up previously from $165.00) on shares of IPG Photonics Corporation in a research note on Friday, September 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective (up previously from $182.00) on shares of IPG Photonics Corporation in a research note on Friday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. IPG Photonics Corporation has an average rating of “Buy” and a consensus price target of $162.25.

In other news, CFO Timothy Pv Mammen sold 11,600 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $166.98, for a total value of $1,936,968.00. Following the sale, the chief financial officer now directly owns 42,700 shares in the company, valued at $7,130,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $198.79, for a total value of $1,888,505.00. Following the completion of the sale, the senior vice president now owns 16,957 shares in the company, valued at $3,370,882.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,017 shares of company stock worth $10,647,886. 33.80% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. APG Asset Management N.V. purchased a new stake in shares of IPG Photonics Corporation in the third quarter valued at $6,329,000. Oakbrook Investments LLC purchased a new stake in shares of IPG Photonics Corporation in the third quarter valued at $514,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of IPG Photonics Corporation in the third quarter valued at $498,000. Fulton Bank N.A. purchased a new stake in shares of IPG Photonics Corporation in the third quarter valued at $202,000. Finally, BRILLIANCE ASSET MANAGEMENT Ltd purchased a new stake in shares of IPG Photonics Corporation in the second quarter valued at $31,827,000. Institutional investors and hedge funds own 59.08% of the company’s stock.

Shares of IPG Photonics Corporation (IPGP) opened at 202.55 on Monday. The company has a 50-day moving average of $186.57 and a 200-day moving average of $155.24. IPG Photonics Corporation has a 1-year low of $82.12 and a 1-year high of $204.29. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 33.92 and a beta of 1.68.

ILLEGAL ACTIVITY WARNING: This story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/23/366-23-million-in-sales-expected-for-ipg-photonics-corporation-ipgp-this-quarter.html.

IPG Photonics Corporation Company Profile

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

Get a free copy of the Zacks research report on IPG Photonics Corporation (IPGP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for IPG Photonics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.