IPG Photonics Co. (NASDAQ:IPGP) Expected to Post Quarterly Sales of $333.49 Million

Wall Street analysts expect that IPG Photonics Co. (NASDAQ:IPGPGet Rating) will announce $333.49 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for IPG Photonics’ earnings. The highest sales estimate is $335.28 million and the lowest is $331.70 million. IPG Photonics reported sales of $345.59 million in the same quarter last year, which indicates a negative year-over-year growth rate of 3.5%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that IPG Photonics will report full year sales of $1.44 billion for the current financial year, with estimates ranging from $1.40 billion to $1.48 billion. For the next financial year, analysts expect that the company will report sales of $1.51 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGPGet Rating) last issued its earnings results on Tuesday, February 15th. The semiconductor company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. IPG Photonics had a return on equity of 10.10% and a net margin of 19.06%. The business had revenue of $364.50 million during the quarter, compared to the consensus estimate of $353.63 million. During the same quarter last year, the company earned $1.19 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year.

Several research analysts have commented on IPGP shares. Needham & Company LLC downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Thursday, March 3rd. DA Davidson reduced their target price on IPG Photonics from $225.00 to $200.00 in a research report on Wednesday, February 16th. Stifel Nicolaus raised IPG Photonics from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a report on Wednesday, February 16th. Raymond James lowered IPG Photonics from a “market perform” rating to an “underperform” rating in a report on Monday, March 14th. Finally, StockNews.com started coverage on shares of IPG Photonics in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $180.33.

In other IPG Photonics news, CEO Eugene A. Shcherbakov sold 1,500 shares of IPG Photonics stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $152.30, for a total transaction of $228,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.90% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in IPGP. Covestor Ltd bought a new stake in IPG Photonics during the 4th quarter valued at about $26,000. JJJ Advisors Inc. increased its stake in IPG Photonics by 57.8% during the 4th quarter. JJJ Advisors Inc. now owns 202 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 74 shares in the last quarter. CWM LLC purchased a new stake in IPG Photonics during the 4th quarter valued at $35,000. Cutler Group LP purchased a new stake in IPG Photonics during the 1st quarter valued at $43,000. Finally, Concord Wealth Partners purchased a new stake in IPG Photonics during the 4th quarter valued at $48,000. Institutional investors and hedge funds own 64.75% of the company’s stock.

Shares of NASDAQ:IPGP opened at $97.29 on Monday. The company has a 50 day moving average of $119.85 and a 200 day moving average of $147.68. The company has a current ratio of 7.49, a quick ratio of 6.02 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.11 billion, a P/E ratio of 18.85 and a beta of 1.36. IPG Photonics has a 12 month low of $97.25 and a 12 month high of $234.06.

IPG Photonics announced that its board has authorized a stock repurchase program on Tuesday, February 15th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

IPG Photonics Company Profile (Get Rating)

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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