Brokerages Expect IPG Photonics Corporation (IPGP) Will Announce Quarterly Sales of $347.15 Million

Equities research analysts expect that IPG Photonics Corporation (NASDAQ:IPGP) will report sales of $347.15 million for the current quarter, Zacks reports. Four analysts have made estimates for IPG Photonics’ earnings. The highest sales estimate is $355.00 million and the lowest is $340.00 million. IPG Photonics posted sales of $280.12 million in the same quarter last year, which suggests a positive year over year growth rate of 23.9%. The firm is expected to report its next earnings report on Tuesday, February 13th.

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

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, topping the Zacks’ 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 quarter in the previous year, the business earned $1.29 EPS. The company’s quarterly revenue was up 47.6% compared to the same quarter last year.

IPGP has been the topic of a number of research reports. DA Davidson reissued a “buy” rating and issued a $220.00 price objective on shares of IPG Photonics in a research note on Tuesday, October 10th. Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of IPG Photonics in a research note on Wednesday, November 1st. BidaskClub raised IPG Photonics from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. Zacks Investment Research raised IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 price objective on the stock in a research note on Friday, October 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective (up previously from $182.00) on shares of IPG Photonics in a research note on Friday, October 20th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $180.33.

In other news, CFO Timothy Pv Mammen sold 2,500 shares of IPG Photonics stock in a transaction on Friday, January 19th. The stock was sold at an average price of $261.53, for a total transaction of $653,825.00. Following the transaction, the chief financial officer now owns 33,600 shares in the company, valued at $8,787,408. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Trevor Ness sold 10,000 shares of IPG Photonics stock in a transaction on Monday, December 4th. The shares were sold at an average price of $208.17, for a total value of $2,081,700.00. Following the transaction, the senior vice president now owns 22,906 shares in the company, valued at approximately $4,768,342.02. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock worth $10,717,320 over the last ninety days. 33.80% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of IPG Photonics during the second quarter valued at $352,000. Prudential PLC grew its holdings in shares of IPG Photonics by 12.3% during the second quarter. Prudential PLC now owns 43,000 shares of the semiconductor company’s stock valued at $6,239,000 after buying an additional 4,700 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of IPG Photonics during the third quarter valued at $8,013,000. Alps Advisors Inc. grew its holdings in shares of IPG Photonics by 14.4% during the third quarter. Alps Advisors Inc. now owns 4,629 shares of the semiconductor company’s stock valued at $857,000 after buying an additional 582 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new position in shares of IPG Photonics during the third quarter valued at $1,374,000. Institutional investors and hedge funds own 56.38% of the company’s stock.

Shares of IPG Photonics (NASDAQ:IPGP) opened at $263.05 on Friday. IPG Photonics has a 12 month low of $100.34 and a 12 month high of $264.11. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $14,103.69, a price-to-earnings ratio of 38.74, a PEG ratio of 2.87 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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