$0.80 EPS Expected for IPG Photonics Co. (NASDAQ:IPGP) This Quarter

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Wall Street brokerages forecast that IPG Photonics Co. (NASDAQ:IPGP) will post earnings per share of $0.80 for the current quarter, according to Zacks. Three analysts have made estimates for IPG Photonics’ earnings. The highest EPS estimate is $0.92 and the lowest is $0.67. IPG Photonics posted earnings per share of $1.40 in the same quarter last year, which suggests a negative year-over-year growth rate of 42.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 11th.

On average, analysts expect that IPG Photonics will report full-year earnings of $4.24 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.36. For the next financial year, analysts expect that the firm will report earnings of $4.65 per share, with EPS estimates ranging from $3.85 to $5.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.12). IPG Photonics had a return on equity of 11.50% and a net margin of 19.45%. The company had revenue of $329.14 million for the quarter, compared to analysts’ expectations of $336.93 million. During the same quarter in the prior year, the company earned $1.84 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis.

A number of equities research analysts recently weighed in on IPGP shares. DA Davidson dropped their price objective on IPG Photonics to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Zacks Investment Research upgraded shares of IPG Photonics from a “sell” rating to a “hold” rating and set a $115.00 target price for the company in a report on Tuesday, October 1st. Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. BidaskClub upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. IPG Photonics has an average rating of “Buy” and an average target price of $160.56.

In other news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.01, for a total transaction of $1,420,100.00. Following the sale, the insider now owns 7,545,699 shares in the company, valued at $1,071,564,714.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Igor Samartsev sold 800 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $134.65, for a total transaction of $107,720.00. The disclosure for this sale can be found here. Insiders sold a total of 18,800 shares of company stock valued at $2,656,300 in the last three months. Insiders own 33.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in IPG Photonics by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,762,010 shares of the semiconductor company’s stock valued at $580,290,000 after purchasing an additional 48,004 shares in the last quarter. State Street Corp increased its position in shares of IPG Photonics by 1.0% in the 3rd quarter. State Street Corp now owns 1,422,337 shares of the semiconductor company’s stock valued at $192,869,000 after acquiring an additional 13,970 shares during the period. Invesco Ltd. increased its position in shares of IPG Photonics by 108.8% in the 2nd quarter. Invesco Ltd. now owns 1,344,571 shares of the semiconductor company’s stock valued at $207,400,000 after acquiring an additional 700,721 shares during the period. Pictet Asset Management Ltd. increased its position in shares of IPG Photonics by 4.6% in the 2nd quarter. Pictet Asset Management Ltd. now owns 971,975 shares of the semiconductor company’s stock valued at $149,927,000 after acquiring an additional 42,970 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in IPG Photonics by 490.2% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 538,268 shares of the semiconductor company’s stock worth $83,028,000 after acquiring an additional 447,068 shares during the last quarter. Institutional investors own 64.43% of the company’s stock.

Shares of IPGP traded up $1.81 during trading hours on Friday, hitting $141.98. The company had a trading volume of 297,186 shares, compared to its average volume of 314,556. The company has a current ratio of 9.08, a quick ratio of 7.05 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $7.44 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 11.78 and a beta of 2.18. IPG Photonics has a one year low of $104.64 and a one year high of $182.17. The company’s fifty day moving average price is $140.48 and its two-hundred day moving average price is $134.96.

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

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