IPG Photonics (IPGP) to Release Quarterly Earnings on Tuesday

IPG Photonics (NASDAQ:IPGP) will be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. IPG Photonics has set its Q1 guidance at $0.30-0.60 EPS and its Q1 2024 guidance at 0.300-0.600 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.06). IPG Photonics had a net margin of 17.00% and a return on equity of 9.18%. The business had revenue of $298.89 million for the quarter, compared to the consensus estimate of $287.03 million. During the same quarter in the previous year, the company earned ($1.91) EPS. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, analysts expect IPG Photonics to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

IPG Photonics Price Performance

Shares of IPG Photonics stock opened at $88.40 on Friday. IPG Photonics has a one year low of $83.00 and a one year high of $141.85. The stock’s 50-day moving average is $87.73 and its 200 day moving average is $94.27. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 17.50 and a beta of 1.19.

IPG Photonics announced that its Board of Directors has approved a stock repurchase plan on Tuesday, February 13th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Citigroup downgraded IPG Photonics from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $111.00 to $74.00 in a research note on Thursday, February 15th. Seaport Res Ptn reaffirmed a “buy” rating on shares of IPG Photonics in a research note on Thursday, January 25th. Finally, Stifel Nicolaus dropped their price target on IPG Photonics from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.20.

Insider Transactions at IPG Photonics

In other news, Director Eric Meurice sold 629 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $100.00, for a total value of $62,900.00. Following the completion of the sale, the director now directly owns 16,491 shares of the company’s stock, valued at $1,649,100. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $85.68, for a total transaction of $856,800.00. Following the completion of the sale, the insider now directly owns 7,219,599 shares of the company’s stock, valued at $618,575,242.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Meurice sold 629 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $100.00, for a total value of $62,900.00. Following the sale, the director now directly owns 16,491 shares of the company’s stock, valued at $1,649,100. The disclosure for this sale can be found here. Insiders sold a total of 29,629 shares of company stock valued at $2,588,040 over the last ninety days. 37.10% of the stock is currently owned by insiders.

IPG Photonics Company Profile

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.