Brokers Offer Predictions for IPG Photonics Co.’s FY2018 Earnings (IPGP)

IPG Photonics Co. (NASDAQ:IPGP) – DA Davidson raised their FY2018 EPS estimates for IPG Photonics in a report issued on Tuesday. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $8.10 for the year, up from their prior forecast of $7.20. DA Davidson has a “Buy” rating and a $275.00 price objective on the stock. DA Davidson also issued estimates for IPG Photonics’ Q4 2018 earnings at $2.00 EPS, Q2 2019 earnings at $2.35 EPS and FY2019 earnings at $9.00 EPS.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.14. The business had revenue of $361.10 million for the quarter, compared to the consensus estimate of $345.63 million. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share.

Several other research analysts also recently weighed in on IPGP. Zacks Investment Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 target price on the stock in a research report on Friday, October 27th. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a research report on Wednesday, November 1st. Needham & Company LLC raised their price target on shares of IPG Photonics from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. They noted that the move was a valuation call. ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $213.60.

IPG Photonics (IPGP) traded down $8.23 during trading on Friday, hitting $239.72. 323,700 shares of the stock traded hands, compared to its average volume of 514,840. The stock has a market capitalization of $13,010.00, a P/E ratio of 38.08, a P/E/G ratio of 2.60 and a beta of 1.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.27 and a current ratio of 8.82. IPG Photonics has a 1-year low of $116.02 and a 1-year high of $264.11.

A number of hedge funds and other institutional investors have recently bought and sold shares of IPGP. Strs Ohio acquired a new stake in IPG Photonics in the fourth quarter valued at approximately $101,000. Wolverine Asset Management LLC acquired a new stake in IPG Photonics in the fourth quarter valued at approximately $102,000. MUFG Americas Holdings Corp lifted its stake in IPG Photonics by 122.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 485 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 267 shares during the last quarter. Bollard Group LLC lifted its stake in IPG Photonics by 145.5% in the fourth quarter. Bollard Group LLC now owns 491 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 291 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in IPG Photonics in the fourth quarter valued at approximately $128,000. Hedge funds and other institutional investors own 57.33% of the company’s stock.

In other IPG Photonics news, insider Igor Samartsev sold 8,000 shares of IPG Photonics stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $221.59, for a total value of $1,772,720.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Trevor Ness sold 10,000 shares of IPG Photonics stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the completion of the sale, the senior vice president now owns 22,906 shares of the company’s stock, valued at $4,768,342.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,500 shares of company stock valued at $11,979,620. 33.80% of the stock is currently owned by corporate insiders.

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About IPG Photonics

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

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

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