Brokerages expect IPG Photonics Co. (NASDAQ:IPGP) to report $337.45 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for IPG Photonics’ earnings, with the lowest sales estimate coming in at $335.50 million and the highest estimate coming in at $339.40 million. IPG Photonics reported sales of $356.35 million during the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 29th.

On average, analysts expect that IPG Photonics will report full year sales of $1.36 billion for the current fiscal year, with estimates ranging from $1.33 billion to $1.43 billion. For the next financial year, analysts anticipate that the business will post sales of $1.46 billion, with estimates ranging from $1.42 billion to $1.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07). The firm had revenue of $363.80 million during the quarter, compared to analysts’ expectations of $352.31 million. IPG Photonics had a net margin of 22.23% and a return on equity of 13.68%. The business’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 earnings per share.

Several equities analysts have weighed in on IPGP shares. ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Susquehanna Bancshares set a $127.00 price target on IPG Photonics and gave the stock a “hold” rating in a research report on Wednesday, July 31st. DA Davidson dropped their price target on IPG Photonics to $175.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Canaccord Genuity set a $150.00 price target on IPG Photonics and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Benchmark downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. IPG Photonics presently has an average rating of “Hold” and an average target price of $171.67.

In related news, SVP Trevor Ness sold 166 shares of IPG Photonics stock in a transaction on Monday, July 1st. The stock was sold at an average price of $165.00, for a total value of $27,390.00. Following the transaction, the senior vice president now owns 20,753 shares in the company, valued at $3,424,245. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Igor Samartsev sold 800 shares of IPG Photonics stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.01, for a total value of $104,008.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,049 shares of company stock valued at $1,957,905. Company insiders own 33.90% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. TRUE Private Wealth Advisors acquired a new position in IPG Photonics in the second quarter valued at $38,000. Griffin Asset Management Inc. acquired a new position in IPG Photonics in the second quarter valued at $42,000. Manchester Capital Management LLC acquired a new position in IPG Photonics in the first quarter valued at $59,000. Stephens Inc. AR boosted its holdings in IPG Photonics by 89.4% in the first quarter. Stephens Inc. AR now owns 498 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 235 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in IPG Photonics by 322.5% in the second quarter. Signaturefd LLC now owns 507 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 64.58% of the company’s stock.

IPG Photonics stock traded up $0.87 during mid-day trading on Friday, hitting $124.05. 12,936 shares of the company were exchanged, compared to its average volume of 573,297. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.38 and a quick ratio of 6.47. The business’s 50 day simple moving average is $132.48 and its two-hundred day simple moving average is $146.00. The company has a market capitalization of $6.35 billion, a P/E ratio of 16.79, a PEG ratio of 3.44 and a beta of 2.13. IPG Photonics has a 12-month low of $104.64 and a 12-month high of $182.17.

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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