IPG Photonics (IPGP) Set to Announce Quarterly Earnings on Friday

IPG Photonics (NASDAQ:IPGP) is set to announce its earnings results before the market opens on Friday, February 16th. Analysts expect the company to announce earnings of $1.71 per share for the quarter.

Shares of IPG Photonics (NASDAQ:IPGP) opened at $226.98 on Friday. IPG Photonics has a 12-month low of $111.51 and a 12-month high of $264.11. The firm has a market capitalization of $12,220.00, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.65 and a beta of 1.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46.

In related news, CFO Timothy Pv Mammen sold 2,500 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $261.53, for a total transaction of $653,825.00. Following the completion of the transaction, the chief financial officer now owns 33,600 shares of the company’s stock, valued at approximately $8,787,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 22,906 shares of the company’s stock, valued at approximately $4,768,342.02. The disclosure for this sale can be found here. Insiders have sold a total of 49,500 shares of company stock valued at $11,979,620 in the last three months. 33.80% of the stock is owned by insiders.

A number of analysts have weighed in on IPGP shares. Zacks Investment Research cut IPG Photonics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target (up previously from $182.00) on shares of IPG Photonics in a research report on Friday, October 20th. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of IPG Photonics in a research report on Wednesday, November 1st. DA Davidson boosted their price objective on IPG Photonics to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, ValuEngine cut IPG Photonics from a “buy” rating to a “hold” rating in a research report 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. IPG Photonics currently has a consensus rating of “Buy” and a consensus price target of $196.30.

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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.

Earnings History for IPG Photonics (NASDAQ:IPGP)

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