IPG Photonics Co. (IPGP) Expected to Post Earnings of $1.04 Per Share

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 equities analysts have issued reports on IPGP shares. TheStreet lowered IPG Photonics from a “b-” rating to a “c+” rating in a research note on Friday, December 28th. BidaskClub raised IPG Photonics from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 10th. Benchmark reissued a “buy” rating and issued a $165.00 price target on shares of IPG Photonics in a research note on Thursday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $157.00 price target (down from $160.00) on shares of IPG Photonics in a research note on Tuesday, December 18th. Finally, Cascend Securities started coverage on IPG Photonics in a research note on Monday, February 11th. They issued a “buy” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. IPG Photonics presently has an average rating of “Hold” and an average price target of $190.91.

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

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