Wall Street brokerages expect that IPG Photonics Co. (NASDAQ:IPGP) will announce $1.43 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for IPG Photonics’ earnings. The highest EPS estimate is $1.46 and the lowest is $1.40. IPG Photonics posted earnings per share of $1.86 during the same quarter last year, which would suggest a negative year over year growth rate of 23.1%. The company is expected to announce its next quarterly earnings results on Friday, February 15th.

On average, analysts expect that IPG Photonics will report full-year earnings of $7.41 per share for the current year, with EPS estimates ranging from $7.37 to $7.44. For the next financial year, analysts anticipate that the company will report earnings of $7.17 per share, with EPS estimates ranging from $6.10 to $7.93. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported $1.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.01). The company had revenue of $356.35 million during the quarter, compared to analysts’ expectations of $355.48 million. IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 EPS.

A number of research analysts have issued reports on the stock. Northcoast Research reaffirmed a “buy” rating and issued a $208.00 price target on shares of IPG Photonics in a report on Thursday, August 2nd. Stifel Nicolaus decreased their price target on shares of IPG Photonics from $282.00 to $228.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. BidaskClub cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Needham & Company LLC decreased their price target on shares of IPG Photonics from $280.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of IPG Photonics in a report on Tuesday, August 21st. Three analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $219.75.

NASDAQ IPGP opened at $138.48 on Wednesday. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.97 and a beta of 1.77. IPG Photonics has a 12-month low of $107.59 and a 12-month high of $264.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.64 and a quick ratio of 6.81.

In related news, CAO Thomas J. Burgomaster sold 294 shares of the firm’s stock in a transaction on Sunday, December 2nd. The shares were sold at an average price of $93.70, for a total transaction of $27,547.80. Following the completion of the transaction, the chief accounting officer now owns 6,037 shares of the company’s stock, valued at $565,666.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Thomas J. Burgomaster sold 637 shares of the firm’s stock in a transaction on Sunday, November 11th. The stock was sold at an average price of $90.85, for a total transaction of $57,871.45. Following the transaction, the chief accounting officer now directly owns 6,037 shares of the company’s stock, valued at approximately $548,461.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,131 shares of company stock valued at $103,915. 33.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Sturgeon Ventures LLP grew its position in IPG Photonics by 13.4% during the second quarter. Sturgeon Ventures LLP now owns 20,754 shares of the semiconductor company’s stock valued at $4,556,000 after buying an additional 2,454 shares during the period. Teacher Retirement System of Texas grew its position in IPG Photonics by 14.5% during the second quarter. Teacher Retirement System of Texas now owns 33,345 shares of the semiconductor company’s stock valued at $7,357,000 after buying an additional 4,233 shares during the period. Redwood Investments LLC acquired a new stake in IPG Photonics during the second quarter valued at $490,000. Janus Henderson Group PLC grew its position in IPG Photonics by 47.7% during the second quarter. Janus Henderson Group PLC now owns 593,969 shares of the semiconductor company’s stock valued at $131,048,000 after buying an additional 191,959 shares during the period. Finally, Equity Investment Corp acquired a new stake in IPG Photonics during the third quarter valued at $307,000. 57.83% of the stock is owned by hedge funds and other institutional investors.

About IPG Photonics

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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

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