Wall Street analysts expect IPG Photonics Co. (NASDAQ:IPGP) to report $347.73 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for IPG Photonics’ earnings. The highest sales estimate is $350.00 million and the lowest is $341.01 million. IPG Photonics reported sales of $285.85 million in the same quarter last year, which indicates a positive year over year growth rate of 21.6%. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that IPG Photonics will report full year sales of $347.73 million for the current fiscal year, with estimates ranging from $1.55 billion to $1.61 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.75 billion per share, with estimates ranging from $1.70 billion to $1.87 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for IPG Photonics.
IPG Photonics (NASDAQ:IPGP) last released its earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The company had revenue of $361.10 million for the quarter, compared to analysts’ expectations of $345.63 million. During the same quarter in the previous year, the company earned $1.39 EPS. IPG Photonics’s revenue for the quarter was up 28.9% on a year-over-year basis.
In other IPG Photonics news, Director John R. Peeler sold 2,734 shares of IPG Photonics stock in a transaction on Friday, March 9th. The shares were sold at an average price of $250.80, for a total value of $685,687.20. Following the sale, the director now directly owns 9,738 shares in the company, valued at approximately $2,442,290.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Angelo P. Lopresti sold 9,500 shares of IPG Photonics stock in a transaction 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 sale, the senior vice president now owns 46,765 shares in the company, valued at $12,228,579.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,734 shares of company stock worth $13,626,232. 33.80% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harding Loevner LP increased its holdings in shares of IPG Photonics by 86.6% in the 3rd quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock worth $167,055,000 after buying an additional 1,311,384 shares during the last quarter. BlackRock Inc. increased its holdings in shares of IPG Photonics by 20.1% in the 4th quarter. BlackRock Inc. now owns 3,874,614 shares of the semiconductor company’s stock worth $829,672,000 after buying an additional 648,145 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of IPG Photonics in the 4th quarter worth about $134,367,000. Jackson Square Partners LLC bought a new stake in shares of IPG Photonics in the 3rd quarter worth about $85,354,000. Finally, BRILLIANCE ASSET MANAGEMENT Ltd increased its holdings in shares of IPG Photonics by 142.5% in the 3rd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 531,811 shares of the semiconductor company’s stock worth $98,417,000 after buying an additional 312,467 shares during the last quarter. Institutional investors own 57.14% of the company’s stock.
IPG Photonics (NASDAQ:IPGP) opened at $254.72 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.27 and a current ratio of 8.82. IPG Photonics has a one year low of $116.80 and a one year high of $264.11. The firm has a market cap of $13,475.11, a price-to-earnings ratio of 34.34, a P/E/G ratio of 2.48 and a beta of 1.84.
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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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