IPG Photonics (IPGP) to Release Quarterly Earnings on Friday
IPG Photonics (NASDAQ:IPGP) will be announcing its earnings results before the market opens on Friday, February 16th. Analysts expect the company to announce earnings of $1.71 per share for the quarter.
IPG Photonics (NASDAQ IPGP) opened at $243.70 on Wednesday. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. The stock has a market cap of $13,070.00, a PE ratio of 35.84, a price-to-earnings-growth ratio of 2.54 and a beta of 1.88. IPG Photonics has a twelve month low of $111.51 and a twelve month high of $264.11.
Several research analysts have issued reports on IPGP shares. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Zacks Investment Research cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price (up from $182.00) on shares of IPG Photonics in a report on Friday, October 20th. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a report on Wednesday, November 1st. Finally, ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $196.30.
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.
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