Brokerages Anticipate IPG Photonics Co. (NASDAQ:IPGP) to Post $1.12 Earnings Per Share

Equities research analysts expect IPG Photonics Co. (NASDAQ:IPGP – Get Rating) to report earnings per share of $1.12 for the current quarter, Zacks reports. Two analysts have made estimates for IPG Photonics’ earnings. The highest EPS estimate is $1.19 and the lowest is $1.07. IPG Photonics reported earnings of $1.33 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 15.8%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that IPG Photonics will report full-year earnings of $4.89 per share for the current fiscal year, with EPS estimates ranging from $4.32 to $5.40. For the next year, analysts anticipate that the firm will post earnings of $5.43 per share, with EPS estimates ranging from $4.95 to $6.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for IPG Photonics.

IPG Photonics (NASDAQ:IPGP – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The semiconductor company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.32. IPG Photonics had a return on equity of 10.27% and a net margin of 18.84%. The firm had revenue of $369.98 million for the quarter, compared to analysts’ expectations of $334.48 million. During the same period in the prior year, the business posted $1.17 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year.

A number of equities analysts have commented on the company. StockNews.com assumed coverage on IPG Photonics in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised IPG Photonics from a “sell” rating to a “hold” rating and set a $103.00 price objective on the stock in a research note on Monday, May 16th. Raymond James lowered IPG Photonics from a “market perform” rating to an “underperform” rating in a research note on Monday, March 14th. Citigroup raised IPG Photonics from a “neutral” rating to a “buy” rating and set a $157.00 price target on the stock in a research note on Wednesday, May 4th. Finally, Needham & Company LLC lowered IPG Photonics from a “buy” rating to a “hold” rating in a research note on Thursday, March 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $172.78.

A number of large investors have recently added to or reduced their stakes in IPGP. FMR LLC lifted its stake in IPG Photonics by 342.7% in the first quarter. FMR LLC now owns 235,257 shares of the semiconductor company’s stock valued at $35,708,000 after buying an additional 182,112 shares during the period. Morgan Stanley increased its holdings in shares of IPG Photonics by 150.4% in the second quarter. Morgan Stanley now owns 376,504 shares of the semiconductor company’s stock worth $79,356,000 after acquiring an additional 226,167 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of IPG Photonics by 15.6% in the third quarter. Russell Investments Group Ltd. now owns 5,827 shares of the semiconductor company’s stock worth $920,000 after acquiring an additional 785 shares in the last quarter. Creative Planning increased its holdings in shares of IPG Photonics by 10.6% in the third quarter. Creative Planning now owns 1,456 shares of the semiconductor company’s stock worth $231,000 after acquiring an additional 139 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in shares of IPG Photonics by 7.8% in the third quarter. Public Sector Pension Investment Board now owns 6,063 shares of the semiconductor company’s stock worth $960,000 after acquiring an additional 440 shares in the last quarter. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

IPG Photonics stock opened at $102.50 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.42 and a current ratio of 8.16. The firm has a market cap of $5.32 billion, a P/E ratio of 19.67, a P/E/G ratio of 4.71 and a beta of 1.37. The business’s fifty day moving average is $102.44 and its two-hundred day moving average is $134.64. IPG Photonics has a 52 week low of $90.51 and a 52 week high of $220.51.

IPG Photonics declared that its board has authorized a stock repurchase plan on Tuesday, February 15th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

About IPG Photonics (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.

Read More