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.
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.
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