FY2017 Earnings Estimate for IPG Photonics Corporation Issued By Northcoast Research (IPGP)
IPG Photonics Corporation (NASDAQ:IPGP) – Analysts at Northcoast Research upped their FY2017 earnings per share estimates for shares of IPG Photonics Corporation in a note issued to investors on Wednesday. Northcoast Research analyst T. Hayes now anticipates that the semiconductor company will post earnings per share of $7.15 for the year, up from their prior estimate of $6.89. Northcoast Research also issued estimates for IPG Photonics Corporation’s Q1 2018 earnings at $1.57 EPS, Q2 2018 earnings at $2.14 EPS, Q3 2018 earnings at $2.29 EPS, Q4 2018 earnings at $2.04 EPS and FY2018 earnings at $8.05 EPS.
IPG Photonics Corporation (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.32. The firm had revenue of $392.62 million during the quarter, compared to the consensus estimate of $367.27 million. IPG Photonics Corporation had a return on equity of 21.17% and a net margin of 27.85%. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter last year, the company posted $1.29 EPS.
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Several other analysts have also recently issued reports on the company. DA Davidson increased their target price on IPG Photonics Corporation to $235.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC increased their price target on IPG Photonics Corporation from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Benchmark Co. reissued a “buy” rating and set a $230.00 price target on shares of IPG Photonics Corporation in a research note on Wednesday. Zacks Investment Research raised IPG Photonics Corporation from a “hold” rating to a “strong-buy” rating and set a $240.00 price target for the company in a research note on Friday, October 27th. Finally, ValuEngine lowered IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. IPG Photonics Corporation has an average rating of “Buy” and an average price target of $180.33.
Institutional investors have recently made changes to their positions in the stock. Denali Advisors LLC bought a new position in IPG Photonics Corporation during the second quarter valued at approximately $145,000. Elefante Mark B bought a new stake in shares of IPG Photonics Corporation in the 3rd quarter valued at approximately $201,000. Fulton Bank N.A. bought a new stake in shares of IPG Photonics Corporation in the 3rd quarter valued at approximately $202,000. Chicago Partners Investment Group LLC bought a new stake in shares of IPG Photonics Corporation in the 2nd quarter valued at approximately $152,000. Finally, Beaumont Financial Partners LLC bought a new stake in shares of IPG Photonics Corporation in the 3rd quarter valued at approximately $250,000. 58.94% of the stock is owned by institutional investors.
In related news, SVP Eugene A. Shcherbakov sold 9,500 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $198.79, for a total transaction of $1,888,505.00. Following the completion of the transaction, the senior vice president now directly owns 16,957 shares of the company’s stock, valued at $3,370,882.03. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Timothy Pv Mammen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $162.87, for a total value of $1,628,700.00. Following the transaction, the chief financial officer now directly owns 41,100 shares of the company’s stock, valued at $6,693,957. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,017 shares of company stock valued at $8,724,286. 33.80% of the stock is owned by corporate insiders.
IPG Photonics Corporation 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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