IPG Photonics (IPGP) Announces Quarterly Earnings Results
IPG Photonics (NASDAQ:IPGP) issued its earnings results on Friday. The semiconductor company reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.14, Briefing.com reports. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The firm had revenue of $361.10 million during the quarter, compared to the consensus estimate of $345.63 million. During the same quarter in the prior year, the firm earned $1.39 earnings per share. The business’s quarterly revenue was up 28.9% on a year-over-year basis. IPG Photonics updated its Q1 guidance to $1.62-1.87 EPS.
Shares of IPG Photonics (NASDAQ IPGP) traded down $19.71 during mid-day trading on Friday, hitting $239.36. 1,506,373 shares of the stock traded hands, compared to its average volume of 505,891. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46. 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 $12,830.00, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 2.62 and a beta of 1.88.
In other news, CFO Timothy Pv Mammen sold 2,500 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $261.53, for a total transaction of $653,825.00. Following the completion of the sale, the chief financial officer now owns 33,600 shares of the company’s stock, valued at $8,787,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Angelo P. Lopresti sold 9,500 shares of the stock in a transaction on 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 approximately $12,228,579.85. The disclosure for this sale can be found here. Insiders have sold 49,500 shares of company stock valued at $11,979,620 in the last three months. 33.80% of the stock is owned by insiders.
Several equities research analysts have commented on IPGP shares. DA Davidson upped their target price on shares of IPG Photonics to $235.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC upped their target price on shares of IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a research note on Wednesday, November 1st. Northcoast Research reaffirmed a “buy” rating and issued a $290.00 target price on shares of IPG Photonics in a research note on Wednesday, January 31st. Finally, BidaskClub downgraded shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Five investment 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 stock. IPG Photonics has a consensus rating of “Buy” and a consensus target price of $196.30.
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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