Analysts Expect IPG Photonics Co. (IPGP) Will Announce Quarterly Sales of $347.15 Million

Brokerages expect IPG Photonics Co. (NASDAQ:IPGP) to post $347.15 million in sales for the current fiscal quarter, according to Zacks Investment Research. 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 reported sales of $280.12 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.9%. The business is scheduled to issue its next quarterly earnings report before the market opens on Friday, February 16th.

According to Zacks, analysts expect that IPG Photonics will report full-year sales of $347.15 million for the current financial year, with estimates ranging from $1.39 billion to $1.40 billion. For the next fiscal year, analysts expect 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 calculations are an average based on a survey of research analysts that cover IPG Photonics.

Several research analysts have recently commented on the stock. Needham & Company LLC raised their target price on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Northcoast Research reaffirmed a “buy” rating and set a $290.00 target price on shares of IPG Photonics in a report on Wednesday, January 31st. Zacks Investment Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 target price on the stock in a report on Friday, October 27th. DA Davidson lifted their price objective on shares of IPG Photonics to $235.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. IPG Photonics has an average rating of “Buy” and a consensus target price of $196.30.

In related news, CFO Timothy Pv Mammen sold 2,500 shares of IPG Photonics stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $261.53, for a total value of $653,825.00. Following the transaction, the chief financial officer now directly owns 33,600 shares of the company’s stock, valued at $8,787,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Angelo P. Lopresti sold 9,500 shares of IPG Photonics stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $261.49, for a total transaction of $2,484,155.00. Following the completion of the transaction, the senior vice president now directly owns 46,765 shares in the company, valued at $12,228,579.85. The disclosure for this sale can be found here. Insiders sold 49,500 shares of company stock worth $11,979,620 over the last three months. 33.80% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in IPG Photonics in the second quarter valued at approximately $352,000. Canada Pension Plan Investment Board acquired a new stake in IPG Photonics in the third quarter valued at approximately $8,013,000. Moors & Cabot Inc. acquired a new stake in IPG Photonics in the third quarter valued at approximately $1,374,000. Alps Advisors Inc. boosted its position in IPG Photonics by 14.4% in 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, Westpac Banking Corp acquired a new stake in IPG Photonics in the third quarter valued at approximately $6,274,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

IPG Photonics (NASDAQ:IPGP) opened at $242.54 on Wednesday. IPG Photonics has a fifty-two week low of $111.51 and a fifty-two week high of $264.11. The company has a market cap of $13,050.00, a P/E ratio of 35.67, a PEG ratio of 2.70 and a beta of 1.88. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02.

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About IPG Photonics

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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