Wall Street analysts expect IPG Photonics Co. (NASDAQ:IPGP) to report $1.04 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for IPG Photonics’ earnings. The highest EPS estimate is $1.08 and the lowest is $1.00. IPG Photonics posted earnings per share of $1.93 in the same quarter last year, which indicates a negative year-over-year growth rate of 46.1%. The business is expected to report its next quarterly earnings report on Tuesday, May 7th.
On average, analysts expect that IPG Photonics will report full year earnings of $5.79 per share for the current financial year, with EPS estimates ranging from $5.50 to $6.00. For the next financial year, analysts forecast that the business will report earnings of $6.81 per share, with EPS estimates ranging from $6.65 to $7.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover IPG Photonics.
IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, February 12th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.03). IPG Photonics had a net margin of 27.67% and a return on equity of 18.66%. The business had revenue of $330.10 million during the quarter, compared to analyst estimates of $314.91 million. During the same period last year, the firm posted $1.86 earnings per share. IPG Photonics’s quarterly revenue was down 8.6% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. Parnassus Investments CA grew its holdings in IPG Photonics by 100.0% during the fourth quarter. Parnassus Investments CA now owns 1,000,000 shares of the semiconductor company’s stock worth $113,290,000 after buying an additional 500,000 shares in the last quarter. Mackenzie Financial Corp grew its holdings in IPG Photonics by 307.3% during the third quarter. Mackenzie Financial Corp now owns 864,514 shares of the semiconductor company’s stock worth $134,925,000 after buying an additional 652,276 shares in the last quarter. FMR LLC grew its holdings in IPG Photonics by 77.9% during the third quarter. FMR LLC now owns 743,049 shares of the semiconductor company’s stock worth $115,967,000 after buying an additional 325,425 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in IPG Photonics by 4.0% during the fourth quarter. Eagle Asset Management Inc. now owns 719,444 shares of the semiconductor company’s stock worth $81,505,000 after buying an additional 27,622 shares in the last quarter. Finally, Norges Bank bought a new stake in IPG Photonics during the fourth quarter worth $68,325,000. Hedge funds and other institutional investors own 67.50% of the company’s stock.
Shares of IPGP opened at $166.56 on Monday. IPG Photonics has a 52-week low of $104.64 and a 52-week high of $261.77. The company has a current ratio of 7.35, a quick ratio of 5.70 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 3.80 and a beta of 1.84.
IPG Photonics Company Profile
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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