IPG Photonics Co. (NASDAQ:IPGP) Expected to Post Quarterly Sales of $356.56 Million

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Analysts predict that IPG Photonics Co. (NASDAQ:IPGP) will announce $356.56 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for IPG Photonics’ earnings. The highest sales estimate is $359.50 million and the lowest is $352.90 million. IPG Photonics posted sales of $413.61 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.8%. The business is scheduled to announce its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that IPG Photonics will report full year sales of $1.40 billion for the current financial year, with estimates ranging from $1.34 billion to $1.43 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.51 billion, with estimates ranging from $1.42 billion to $1.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.02). IPG Photonics had a net margin of 24.94% and a return on equity of 16.09%. The business had revenue of $315.00 million for the quarter, compared to analyst estimates of $308.75 million. During the same quarter last year, the business earned $1.93 EPS. IPG Photonics’s revenue for the quarter was down 12.5% compared to the same quarter last year.

A number of brokerages have weighed in on IPGP. Canaccord Genuity raised their price objective on TELUS from C$51.00 to C$52.00 in a research note on Wednesday, May 1st. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Benchmark upgraded from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Bank of America upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Monday, April 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price (down previously from $15.00) on shares of Nabriva Therapeutics in a research report on Wednesday, May 1st. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $185.90.

NASDAQ IPGP traded down $3.37 during mid-day trading on Thursday, reaching $138.55. 17,692 shares of the company’s stock traded hands, compared to its average volume of 483,637. IPG Photonics has a 1-year low of $104.64 and a 1-year high of $243.43. The firm’s fifty day simple moving average is $138.81. The company has a current ratio of 8.54, a quick ratio of 6.55 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $7.57 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 3.37 and a beta of 2.14.

In other news, CAO Thomas J. Burgomaster sold 621 shares of IPG Photonics stock in a transaction on Friday, June 21st. The stock was sold at an average price of $145.75, for a total transaction of $90,510.75. Following the transaction, the chief accounting officer now owns 7,577 shares in the company, valued at $1,104,347.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock in a transaction on Monday, May 6th. The shares were sold at an average price of $162.59, for a total value of $1,625,900.00. Following the transaction, the insider now owns 7,555,999 shares in the company, valued at approximately $1,228,529,877.41. The disclosure for this sale can be found here. Insiders sold a total of 28,074 shares of company stock worth $4,472,833 over the last 90 days. Insiders own 33.90% of the company’s stock.

Several hedge funds have recently modified their holdings of IPGP. Lazard Asset Management LLC boosted its position in IPG Photonics by 1.3% during the first quarter. Lazard Asset Management LLC now owns 828,820 shares of the semiconductor company’s stock valued at $125,797,000 after purchasing an additional 10,637 shares during the last quarter. Malaga Cove Capital LLC boosted its position in IPG Photonics by 1.7% during the first quarter. Malaga Cove Capital LLC now owns 5,730 shares of the semiconductor company’s stock valued at $870,000 after purchasing an additional 97 shares during the last quarter. Swiss National Bank boosted its position in IPG Photonics by 2.0% during the first quarter. Swiss National Bank now owns 124,800 shares of the semiconductor company’s stock valued at $18,942,000 after purchasing an additional 2,400 shares during the last quarter. Fundsmith LLP acquired a new stake in IPG Photonics during the fourth quarter valued at $19,159,000. Finally, First Hawaiian Bank boosted its position in IPG Photonics by 68.3% during the first quarter. First Hawaiian Bank now owns 673 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 273 shares during the last quarter. Institutional investors and hedge funds own 64.85% of the company’s stock.

IPG Photonics Company Profile

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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

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