IPG Photonics Co. (NASDAQ:IPGP) Expected to Post Quarterly Sales of $364.40 Million

Wall Street analysts expect IPG Photonics Co. (NASDAQ:IPGP) to post $364.40 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for IPG Photonics’ earnings, with the highest sales estimate coming in at $365.70 million and the lowest estimate coming in at $363.10 million. IPG Photonics reported sales of $318.44 million in the same quarter last year, which indicates a positive year over year growth rate of 14.4%. The firm is scheduled to announce its next earnings report on Friday, October 29th.

On average, analysts expect that IPG Photonics will report full year sales of $1.45 billion for the current year, with estimates ranging from $1.43 billion to $1.47 billion. For the next year, analysts expect that the business will report sales of $1.66 billion, with estimates ranging from $1.65 billion to $1.67 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, August 3rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.10). IPG Photonics had a net margin of 16.24% and a return on equity of 10.32%. The firm had revenue of $371.66 million for the quarter, compared to the consensus estimate of $380.88 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The company’s revenue was up 25.4% on a year-over-year basis.

Several equities research analysts have recently weighed in on IPGP shares. Citigroup lowered IPG Photonics from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $274.50 to $190.00 in a research note on Friday, August 6th. Canaccord Genuity reduced their target price on IPG Photonics from $240.00 to $192.00 and set a “hold” rating on the stock in a report on Monday, August 9th. TheStreet upgraded shares of IPG Photonics from a “c+” rating to a “b-” rating in a research report on Friday, June 25th. Benchmark upped their target price on shares of IPG Photonics from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, June 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $205.00 target price on shares of IPG Photonics in a research report on Wednesday, August 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $220.18.

In other IPG Photonics news, SVP Trevor Ness sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $220.07, for a total value of $572,182.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Fibre Devices Ltd Ip sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $220.06, for a total transaction of $396,108.00. The disclosure for this sale can be found here. 32.90% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Sowell Financial Services LLC increased its holdings in IPG Photonics by 25.4% during the 1st quarter. Sowell Financial Services LLC now owns 291 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 59 shares during the period. Berman Capital Advisors LLC grew its holdings in shares of IPG Photonics by 82.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 133 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 60 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of IPG Photonics by 1.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,688 shares of the semiconductor company’s stock valued at $988,000 after purchasing an additional 61 shares during the last quarter. Arizona State Retirement System boosted its position in IPG Photonics by 0.6% during the 1st quarter. Arizona State Retirement System now owns 10,758 shares of the semiconductor company’s stock valued at $2,269,000 after buying an additional 68 shares during the period. Finally, Brinker Capital Investments LLC boosted its position in IPG Photonics by 3.3% during the 2nd quarter. Brinker Capital Investments LLC now owns 2,308 shares of the semiconductor company’s stock valued at $486,000 after buying an additional 73 shares during the period. 64.37% of the stock is owned by institutional investors.

Shares of IPGP stock traded down $1.15 during trading hours on Friday, hitting $172.03. The company had a trading volume of 4,311 shares, compared to its average volume of 315,237. IPG Photonics has a 12 month low of $156.63 and a 12 month high of $262.55. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 41.93 and a beta of 1.33. The firm’s fifty day moving average is $186.78 and its 200 day moving average is $202.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.37 and a current ratio of 8.95.

About IPG Photonics

IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include lasers, beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals.

Featured Article: Market Timing

Get a free copy of the Zacks research report on IPG Photonics (IPGP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.