Zacks: Brokerages Expect IPG Photonics Corporation (IPGP) Will Post Quarterly Sales of $347.15 Million

Analysts predict that IPG Photonics Corporation (NASDAQ:IPGP) will report $347.15 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for IPG Photonics’ earnings, with estimates ranging from $340.00 million to $355.00 million. IPG Photonics posted sales of $280.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.9%. The company is expected to issue its next quarterly earnings report on Tuesday, February 13th.

On average, analysts expect that IPG Photonics will report full-year sales of $347.15 million for the current year, with estimates ranging from $1.39 billion to $1.40 billion. For the next financial year, analysts forecast that the business will report sales of $1.53 billion per share, with estimates ranging from $1.47 billion to $1.60 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.32. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The company had revenue of $392.62 million for the quarter, compared to the consensus estimate of $367.27 million. During the same period last year, the business posted $1.29 EPS. The company’s revenue was up 47.6% on a year-over-year basis.

A number of research firms recently weighed in on IPGP. Zacks Investment Research downgraded IPG Photonics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub downgraded IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. DA Davidson lifted their price target on IPG Photonics to $235.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Needham & Company LLC boosted their target price on IPG Photonics from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $180.33.

In other news, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $208.17, for a total value of $2,081,700.00. Following the completion of the transaction, the senior vice president now directly owns 22,906 shares of the company’s stock, valued at $4,768,342.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Igor Samartsev sold 8,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $221.59, for a total value of $1,772,720.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,500 shares of company stock worth $5,742,925. 33.80% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. Advantage Investment Management LLC raised its holdings in shares of IPG Photonics by 366.5% in the third quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock worth $173,000 after acquiring an additional 733 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of IPG Photonics by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,380 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 131 shares during the last quarter. Elefante Mark B acquired a new position in shares of IPG Photonics in the third quarter worth $201,000. Fulton Bank N.A. acquired a new position in shares of IPG Photonics in the third quarter worth $202,000. Finally, MML Investors Services LLC acquired a new position in shares of IPG Photonics in the second quarter worth $221,000. 56.38% of the stock is owned by institutional investors.

Shares of IPG Photonics (NASDAQ IPGP) opened at $233.24 on Thursday. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. IPG Photonics has a 12 month low of $95.04 and a 12 month high of $248.23. The firm has a market capitalization of $11,920.95, a P/E ratio of 34.35, a P/E/G ratio of 2.43 and a beta of 1.71.

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IPG Photonics 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.

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

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