Brokerages Anticipate IPG Photonics Co. (IPGP) Will Post Earnings of $1.43 Per Share

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Wall Street brokerages predict that IPG Photonics Co. (NASDAQ:IPGP) will post earnings per share (EPS) of $1.43 for the current quarter, according to Zacks. Four analysts have provided estimates for IPG Photonics’ earnings. The lowest EPS estimate is $1.37 and the highest is $1.48. IPG Photonics reported earnings of $2.24 per share in the same quarter last year, which would indicate a negative year over year growth rate of 36.2%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 30th.

On average, analysts expect that IPG Photonics will report full-year earnings of $5.78 per share for the current financial year, with EPS estimates ranging from $5.35 to $6.08. For the next year, analysts expect that the business will post earnings of $6.98 per share, with EPS estimates ranging from $6.30 to $7.60. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, April 30th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.02). IPG Photonics had a return on equity of 16.09% and a net margin of 24.94%. The business had revenue of $315.00 million for the quarter, compared to the consensus estimate of $308.75 million. During the same quarter in the previous year, the company earned $1.93 earnings per share. The firm’s revenue was down 12.5% on a year-over-year basis.

Several brokerages have issued reports on IPGP. Zacks Investment Research upgraded shares of IPG Photonics from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Cascend Securities reiterated a “buy” rating and set a $200.00 target price (up from $180.00) on shares of IPG Photonics in a report on Wednesday, May 1st. BidaskClub cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna Bancshares set a $146.00 price target on shares of IPG Photonics and gave the company a “hold” rating in a report on Thursday, February 14th. Finally, Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, February 13th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $193.91.

In related news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $162.59, for a total value of $1,625,900.00. Following the completion of the transaction, the insider now directly owns 7,555,999 shares of the company’s stock, valued at approximately $1,228,529,877.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Trevor Ness sold 5,025 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $170.22, for a total transaction of $855,355.50. Following the completion of the transaction, the senior vice president now directly owns 25,657 shares of the company’s stock, valued at $4,367,334.54. The disclosure for this sale can be found here. Insiders sold a total of 15,825 shares of company stock worth $2,618,936 over the last 90 days. Company insiders own 33.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Ipswich Investment Management Co. Inc. purchased a new position in IPG Photonics during the 4th quarter worth approximately $44,000. CSat Investment Advisory L.P. raised its position in IPG Photonics by 133.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 508 shares of the semiconductor company’s stock worth $58,000 after buying an additional 290 shares during the last quarter. Manchester Capital Management LLC purchased a new position in IPG Photonics during the 1st quarter worth approximately $59,000. ETF Managers Group LLC raised its position in IPG Photonics by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock worth $63,000 after buying an additional 75 shares during the last quarter. Finally, Stephens Inc. AR raised its position in IPG Photonics by 89.4% during the 1st quarter. Stephens Inc. AR now owns 498 shares of the semiconductor company’s stock worth $76,000 after buying an additional 235 shares during the last quarter. 67.02% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics stock traded down $1.90 during midday trading on Friday, hitting $136.11. 39,138 shares of the company’s stock were exchanged, compared to its average volume of 561,142. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.54 and a quick ratio of 6.55. IPG Photonics has a 12 month low of $104.64 and a 12 month high of $261.77. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 3.19 and a beta of 1.87.

About IPG Photonics

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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