IPG Photonics Corporation (NASDAQ:IPGP) is set to issue its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $1.79 per share for the quarter. IPG Photonics Corporation has set its Q3 guidance at $1.70-1.90 EPS.
IPG Photonics Corporation (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.28. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. The company had revenue of $369.37 million during the quarter, compared to analysts’ expectations of $333.06 million. During the same quarter in the prior year, the company earned $1.25 EPS. The firm’s revenue was up 46.1% on a year-over-year basis. On average, analysts expect IPG Photonics Corporation to post $6.63 EPS for the current fiscal year and $7.17 EPS for the next fiscal year.
Shares of IPG Photonics Corporation (IPGP) traded down 0.92% during midday trading on Monday, hitting $206.38. 226,582 shares of the stock were exchanged. The company has a market capitalization of $11.11 billion, a P/E ratio of 34.56 and a beta of 1.68. The firm has a 50-day moving average of $191.00 and a 200-day moving average of $158.38. IPG Photonics Corporation has a 1-year low of $92.88 and a 1-year high of $211.73.
In other IPG Photonics Corporation news, SVP Angelo P. Lopresti sold 11,750 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $163.33, for a total transaction of $1,919,127.50. Following the transaction, the senior vice president now owns 49,515 shares in the company, valued at $8,087,284.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alexander Ovtchinnikov sold 12,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $160.30, for a total transaction of $1,923,600.00. Following the transaction, the senior vice president now owns 83,595 shares in the company, valued at approximately $13,400,278.50. The disclosure for this sale can be found here. Insiders have sold 63,017 shares of company stock worth $10,647,886 in the last quarter. Company insiders own 33.80% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of IPG Photonics Corporation from a “hold” rating to a “strong-buy” rating and set a $240.00 price target on the stock in a research report on Friday. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target (up previously from $182.00) on shares of IPG Photonics Corporation in a research report on Friday, October 20th. DA Davidson restated a “buy” rating and issued a $220.00 price target on shares of IPG Photonics Corporation in a research report on Tuesday, October 10th. ValuEngine cut shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $170.00 price target (up previously from $165.00) on shares of IPG Photonics Corporation in a research report on Friday, September 1st. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $170.89.
About IPG Photonics Corporation
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.
What are top analysts saying about IPG Photonics Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for IPG Photonics Corporation and related companies.