IPG Photonics (NASDAQ:IPGP) updated its first quarter earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.62-1.87 for the period, compared to the Thomson Reuters consensus estimate of $1.63. The company issued revenue guidance of $330-355 million, compared to the consensus revenue estimate of $333.15 million.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded IPG Photonics from a strong-buy rating to a hold rating in a report on Tuesday, January 2nd. Needham & Company LLC raised their price target on IPG Photonics from $230.00 to $280.00 and gave the company a buy rating in a report on Wednesday, January 24th. Northcoast Research reaffirmed a buy rating and set a $290.00 price target on shares of IPG Photonics in a report on Wednesday, January 31st. BidaskClub downgraded IPG Photonics from a strong-buy rating to a buy rating in a report on Saturday, December 2nd. Finally, ValuEngine cut IPG Photonics from a buy rating to a hold rating in a research report on Friday, December 1st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. IPG Photonics presently has an average rating of Buy and an average target price of $213.60.
Shares of IPG Photonics (NASDAQ:IPGP) traded down $8.23 during midday trading on Friday, hitting $239.72. The company had a trading volume of 323,700 shares, compared to its average volume of 514,840. The company has a quick ratio of 7.27, a current ratio of 8.82 and a debt-to-equity ratio of 0.02. IPG Photonics has a 52 week low of $116.02 and a 52 week high of $264.11. The company has a market capitalization of $13,010.00, a PE ratio of 38.08, a P/E/G ratio of 2.60 and a beta of 1.88.
In other news, SVP Angelo P. Lopresti sold 9,500 shares of IPG Photonics stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $261.49, for a total transaction of $2,484,155.00. Following the sale, the senior vice president now directly owns 46,765 shares of the company’s stock, valued at $12,228,579.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy Pv Mammen sold 2,500 shares of IPG Photonics stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $261.53, for a total value of $653,825.00. Following the sale, the chief financial officer now directly owns 33,600 shares in the company, valued at $8,787,408. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,500 shares of company stock worth $11,979,620. Company insiders own 33.80% of the company’s stock.
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IPG Photonics Company Profile
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.
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