IPG Photonics Corporation (IPGP) to Release Quarterly Earnings on Tuesday

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.

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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.

Earnings History for IPG Photonics Corporation (NASDAQ:IPGP)

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