Analysts forecast that IPG Photonics Co. (NASDAQ:IPGP) will announce sales of $237.84 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for IPG Photonics’ earnings, with the lowest sales estimate coming in at $235.00 million and the highest estimate coming in at $240.00 million. IPG Photonics reported sales of $315.05 million during the same quarter last year, which indicates a negative year-over-year growth rate of 24.5%. The business is expected to announce its next quarterly earnings report on Tuesday, May 5th.

According to Zacks, analysts expect that IPG Photonics will report full year sales of $1.18 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.22 billion. For the next year, analysts anticipate that the firm will post sales of $1.40 billion, with estimates ranging from $1.36 billion to $1.44 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.05). The business had revenue of $306.60 million for the quarter, compared to analyst estimates of $285.77 million. IPG Photonics had a return on equity of 10.09% and a net margin of 13.71%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS.

A number of equities analysts have commented on IPGP shares. DA Davidson restated an “outperform” rating and set a $170.00 price objective on shares of IPG Photonics in a research report on Friday, February 14th. Piper Sandler restated a “hold” rating and set a $150.00 price objective on shares of IPG Photonics in a research report on Thursday, February 13th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Tuesday, October 29th. Northcoast Research restated a “neutral” rating on shares of IPG Photonics in a research report on Tuesday, February 18th. Finally, Benchmark restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $160.82.

In other news, major shareholder Valentin Gapontsev Trust I sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $141.06, for a total value of $1,128,480.00. Following the completion of the transaction, the insider now owns 7,533,928 shares in the company, valued at approximately $1,062,735,883.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Felix I. Stukalin sold 4,066 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $142.54, for a total transaction of $579,567.64. Following the completion of the transaction, the senior vice president now owns 22,730 shares of the company’s stock, valued at approximately $3,239,934.20. The disclosure for this sale can be found here. 33.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its holdings in IPG Photonics by 342.7% during the 1st quarter. FMR LLC now owns 235,257 shares of the semiconductor company’s stock valued at $35,708,000 after acquiring an additional 182,112 shares in the last quarter. Pacer Advisors Inc. increased its holdings in IPG Photonics by 9.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,744 shares of the semiconductor company’s stock valued at $508,000 after acquiring an additional 333 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in IPG Photonics during the 3rd quarter valued at about $276,000. Meeder Asset Management Inc. increased its holdings in IPG Photonics by 222.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 277 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 191 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in IPG Photonics by 24.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 4,389 shares of the semiconductor company’s stock valued at $595,000 after acquiring an additional 853 shares in the last quarter. Institutional investors and hedge funds own 64.47% of the company’s stock.

NASDAQ:IPGP traded down $2.84 during trading hours on Monday, reaching $132.17. 633,207 shares of the company’s stock were exchanged, compared to its average volume of 475,175. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 39.45, a P/E/G ratio of 15.47 and a beta of 2.23. The company has a quick ratio of 7.90, a current ratio of 9.88 and a debt-to-equity ratio of 0.02. IPG Photonics has a 1-year low of $113.67 and a 1-year high of $182.17. The company has a 50-day moving average of $139.13 and a 200 day moving average of $136.59.

IPG Photonics Company Profile

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.

Recommended Story: Bid-Ask Spread

Get a free copy of the Zacks research report on IPG Photonics (IPGP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.