Brokerages expect IPG Photonics Corporation (NASDAQ:IPGP) to announce earnings of $1.70 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for IPG Photonics’ earnings. The highest EPS estimate is $1.82 and the lowest is $1.47. IPG Photonics reported earnings of $1.39 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.3%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 13th.

According to Zacks, analysts expect that IPG Photonics will report full-year earnings of $6.99 per share for the current fiscal year, with EPS estimates ranging from $6.45 to $7.19. For the next fiscal year, analysts forecast that the company will report earnings of $7.63 per share, with EPS estimates ranging from $7.20 to $8.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.32. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The firm had revenue of $392.62 million for the quarter, compared to analysts’ expectations of $367.27 million. During the same period in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year.

A number of brokerages have recently commented on IPGP. BidaskClub cut IPG Photonics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine cut IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. DA Davidson boosted their price target on IPG Photonics to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Needham & Company LLC boosted their price target on IPG Photonics from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of IPG Photonics in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $180.33.

Shares of IPG Photonics (NASDAQ:IPGP) traded up $0.49 on Friday, hitting $213.14. The stock had a trading volume of 521,400 shares, compared to its average volume of 361,820. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02. IPG Photonics has a 12-month low of $95.04 and a 12-month high of $248.23. The company has a market cap of $11,470.00, a PE ratio of 31.32, a P/E/G ratio of 2.54 and a beta of 1.70.

In related news, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $208.17, for a total value of $2,081,700.00. Following the completion of the transaction, the senior vice president now directly owns 22,906 shares in the company, valued at approximately $4,768,342.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $198.79, for a total transaction of $1,888,505.00. Following the completion of the transaction, the senior vice president now owns 16,957 shares of the company’s stock, valued at $3,370,882.03. The disclosure for this sale can be found here. 33.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advantage Investment Management LLC raised its stake in IPG Photonics by 366.5% during the 3rd quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock valued at $173,000 after buying an additional 733 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in IPG Photonics by 10.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,380 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 131 shares during the last quarter. Elefante Mark B purchased a new stake in IPG Photonics during the 3rd quarter valued at $201,000. Fulton Bank N.A. purchased a new stake in IPG Photonics during the 3rd quarter valued at $202,000. Finally, Cigna Investments Inc. New purchased a new stake in IPG Photonics during the 2nd quarter valued at $213,000. Institutional investors own 56.38% of the company’s stock.

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

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