IPG Photonics Corporation (NASDAQ:IPGP) Releases Q3 Earnings Guidance

IPG Photonics Corporation (NASDAQ:IPGP) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.70-1.90 for the period, compared to the Thomson Reuters consensus estimate of $1.59. The company issued revenue guidance of $350-375 million, compared to the consensus revenue estimate of $318.62 million.

Several research firms recently commented on IPGP. Benchmark Co. reaffirmed a buy rating and issued a $180.00 price target on shares of IPG Photonics Corporation in a report on Wednesday, August 2nd. Needham & Company LLC reissued a buy rating and set a $182.00 target price (up previously from $160.00) on shares of IPG Photonics Corporation in a research note on Tuesday, August 1st. Canaccord Genuity raised their target price on IPG Photonics Corporation from $152.00 to $162.00 and gave the stock a hold rating in a research note on Wednesday, August 2nd. Longbow Research raised IPG Photonics Corporation from a neutral rating to a buy rating and set a $175.00 target price for the company in a research note on Tuesday, June 6th. Finally, Stifel Nicolaus lifted their price objective on IPG Photonics Corporation from $135.00 to $145.00 and gave the company a hold rating in a research note on Friday, June 30th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $141.00.

IPG Photonics Corporation (NASDAQ IPGP) opened at 165.90 on Friday. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 27.78 and a beta of 1.70. The company has a 50-day moving average price of $156.93 and a 200-day moving average price of $134.95. IPG Photonics Corporation has a 12-month low of $80.52 and a 12-month high of $170.39.

IPG Photonics Corporation (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.28. The company had revenue of $369.37 million during the quarter, compared to analysts’ expectations of $333.06 million. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. On average, equities research analysts forecast that IPG Photonics Corporation will post $6.62 earnings per share for the current year.

In other news, SVP Eugene A. Shcherbakov sold 8,500 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $154.28, for a total transaction of $1,311,380.00. Following the transaction, the senior vice president now owns 16,957 shares of the company’s stock, valued at $2,616,125.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Trevor Ness sold 5,000 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $145.69, for a total transaction of $728,450.00. Following the transaction, the senior vice president now directly owns 17,906 shares in the company, valued at approximately $2,608,725.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,699 shares of company stock valued at $9,851,274. 34.20% of the stock is currently owned by corporate insiders.

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IPG Photonics Corporation 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.

Earnings History and Estimates for IPG Photonics Corporation (NASDAQ:IPGP)

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