IPG Photonics (IPGP) to Release Quarterly Earnings on Tuesday

IPG Photonics (NASDAQ:IPGP) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. IPG Photonics has set its Q1 guidance at $0.30-0.60 EPS and its Q1 2024 guidance at 0.300-0.600 EPS.Investors interested in participating in the company’s conference call can do so using this link.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.06). The company had revenue of $298.89 million during the quarter, compared to analysts’ expectations of $287.03 million. IPG Photonics had a return on equity of 9.18% and a net margin of 17.00%. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.91) EPS. On average, analysts expect IPG Photonics to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

IPG Photonics Trading Up 0.2 %

IPGP opened at $88.40 on Friday. The company has a market cap of $4.08 billion, a P/E ratio of 19.13, a P/E/G ratio of 17.50 and a beta of 1.19. The business’s 50-day moving average price is $87.73 and its 200-day moving average price is $94.27. IPG Photonics has a 12 month low of $83.00 and a 12 month high of $141.85.

IPG Photonics announced that its board has initiated a stock buyback program on Tuesday, February 13th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at IPG Photonics

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $85.68, for a total transaction of $856,800.00. Following the sale, the insider now directly owns 7,219,599 shares of the company’s stock, valued at approximately $618,575,242.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Eric Meurice sold 629 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $100.00, for a total value of $62,900.00. Following the sale, the director now directly owns 16,491 shares of the company’s stock, valued at approximately $1,649,100. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $85.68, for a total value of $856,800.00. Following the completion of the sale, the insider now directly owns 7,219,599 shares in the company, valued at $618,575,242.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,629 shares of company stock valued at $2,588,040. 37.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IPGP shares. StockNews.com cut IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Citigroup cut IPG Photonics from a “neutral” rating to a “sell” rating and cut their target price for the stock from $111.00 to $74.00 in a research note on Thursday, February 15th. Stifel Nicolaus cut their target price on IPG Photonics from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of IPG Photonics in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, IPG Photonics has an average rating of “Moderate Buy” and an average price target of $117.20.

IPG Photonics Company Profile

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. Its 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.