IPG Photonics (NASDAQ:IPGP) Releases Q1 Earnings Guidance

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.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.14. IPG Photonics had a return on equity of 21.29% and a net margin of 24.67%. The firm had revenue of $361.10 million for the quarter, compared to analysts’ expectations of $345.63 million. During the same quarter in the previous year, the business posted $1.39 earnings per share. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. research analysts anticipate that IPG Photonics will post 7.96 earnings per share for the current year.

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.

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

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