Wall Street brokerages expect IPG Photonics Co. (NASDAQ:IPGP) to announce sales of $355.17 million for the current quarter, Zacks reports. Three analysts have issued estimates for IPG Photonics’ earnings, with the lowest sales estimate coming in at $355.00 million and the highest estimate coming in at $355.30 million. IPG Photonics posted sales of $392.62 million during the same quarter last year, which suggests a negative year over year growth rate of 9.5%. The business is expected to report its next earnings report before the market opens on Tuesday, October 30th.

On average, analysts expect that IPG Photonics will report full-year sales of $1.49 billion for the current financial year, with estimates ranging from $1.46 billion to $1.52 billion. For the next year, analysts expect that the company will post sales of $1.57 billion, with estimates ranging from $1.34 billion to $1.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow IPG Photonics.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, July 31st. The semiconductor company reported $2.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.01). The company had revenue of $413.61 million for the quarter, compared to analyst estimates of $418.61 million. IPG Photonics had a return on equity of 21.55% and a net margin of 25.96%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 earnings per share.

Several research analysts have recently weighed in on IPGP shares. DA Davidson lowered their target price on IPG Photonics to $220.00 and set a “buy” rating on the stock in a report on Wednesday, August 1st. ValuEngine cut IPG Photonics from a “hold” rating to a “sell” rating in a report on Friday, August 10th. BidaskClub cut IPG Photonics from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Finally, Zacks Investment Research cut IPG Photonics from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. IPG Photonics has an average rating of “Hold” and an average target price of $223.25.

Shares of IPG Photonics stock opened at $132.26 on Monday. The company has a market cap of $7.11 billion, a PE ratio of 18.22, a P/E/G ratio of 1.43 and a beta of 1.80. IPG Photonics has a 1-year low of $129.81 and a 1-year high of $264.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.94 and a current ratio of 8.73.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in IPG Photonics by 7.5% in the second quarter. BlackRock Inc. now owns 3,073,688 shares of the semiconductor company’s stock valued at $678,148,000 after acquiring an additional 215,413 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in IPG Photonics by 0.4% in the second quarter. Eagle Asset Management Inc. now owns 694,353 shares of the semiconductor company’s stock valued at $153,195,000 after acquiring an additional 2,889 shares during the last quarter. Janus Henderson Group PLC raised its position in IPG Photonics by 47.7% in the second quarter. Janus Henderson Group PLC now owns 593,969 shares of the semiconductor company’s stock valued at $131,048,000 after purchasing an additional 191,959 shares during the period. FMR LLC raised its position in IPG Photonics by 263.3% in the second quarter. FMR LLC now owns 417,624 shares of the semiconductor company’s stock valued at $92,141,000 after purchasing an additional 302,662 shares during the period. Finally, Northern Trust Corp raised its position in IPG Photonics by 0.7% in the second quarter. Northern Trust Corp now owns 384,259 shares of the semiconductor company’s stock valued at $84,779,000 after purchasing an additional 2,621 shares during the period. Hedge funds and other institutional investors own 57.86% of the company’s stock.

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.

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

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