$366.23 Million in Sales Expected for IPG Photonics Corporation (NASDAQ:IPGP) This Quarter

Wall Street brokerages expect that IPG Photonics Corporation (NASDAQ:IPGP) will report $366.23 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for IPG Photonics Corporation’s earnings. The lowest sales estimate is $360.00 million and the highest is $372.10 million. IPG Photonics Corporation posted sales of $266.02 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 37.7%. The business is expected to announce its next earnings report on Thursday, October 26th.

On average, analysts expect that IPG Photonics Corporation will report full year sales of $366.23 million for the current year, with estimates ranging from $1.23 billion to $1.35 billion. For the next financial year, analysts expect that the business will report sales of $1.45 billion per share, with estimates ranging from $1.37 billion to $1.54 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for IPG Photonics Corporation.

IPG Photonics Corporation (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.28. The business had revenue of $369.37 million during the quarter, compared to analyst estimates of $333.06 million. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. IPG Photonics Corporation’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS.

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

In other IPG Photonics Corporation news, SVP Angelo P. Lopresti sold 11,750 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $163.33, for a total value of $1,919,127.50. Following the sale, the senior vice president now directly owns 49,515 shares of the company’s stock, valued at approximately $8,087,284.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Timothy Pv Mammen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $162.87, for a total transaction of $1,628,700.00. Following the completion of the sale, the chief financial officer now directly owns 41,100 shares in the company, valued at $6,693,957. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,099 shares of company stock worth $7,914,306. 34.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rothschild Investment Corp IL bought a new position in IPG Photonics Corporation during the first quarter worth approximately $212,000. Huntington National Bank increased its position in IPG Photonics Corporation by 3,188.5% in the first quarter. Huntington National Bank now owns 855 shares of the semiconductor company’s stock worth $103,000 after buying an additional 829 shares during the period. Columbus Circle Investors bought a new position in IPG Photonics Corporation during the first quarter worth approximately $5,227,000. Capital Impact Advisors LLC increased its position in IPG Photonics Corporation by 16.6% in the first quarter. Capital Impact Advisors LLC now owns 23,415 shares of the semiconductor company’s stock worth $2,827,000 after buying an additional 3,329 shares during the period. Finally, Conestoga Capital Advisors LLC increased its position in IPG Photonics Corporation by 92.9% in the first quarter. Conestoga Capital Advisors LLC now owns 12,875 shares of the semiconductor company’s stock worth $1,554,000 after buying an additional 6,200 shares during the period. 60.23% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of IPG Photonics Corporation (NASDAQ IPGP) traded down 0.08% on Thursday, hitting $165.19. The stock had a trading volume of 540,784 shares. IPG Photonics Corporation has a 12 month low of $80.52 and a 12 month high of $168.93. The firm’s 50-day moving average price is $152.72 and its 200 day moving average price is $132.15. The firm has a market cap of $8.84 billion, a P/E ratio of 27.66 and a beta of 1.70.

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.

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

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