IPG Photonics (NASDAQ:IPGP) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.25-1.55 for the period, compared to the Thomson Reuters consensus estimate of $1.50. The company issued revenue guidance of $340-370 million, compared to the consensus revenue estimate of $355.97 million.
A number of research analysts recently commented on the stock. BidaskClub upgraded shares of IPG Photonics from a sell rating to a hold rating in a research note on Wednesday, February 27th. Zacks Investment Research upgraded shares of IPG Photonics from a sell rating to a hold rating in a research note on Friday, May 3rd. Northcoast Research lowered shares of IPG Photonics from a buy rating to a neutral rating in a research note on Wednesday, February 13th. Cascend Securities assumed coverage on shares of IPG Photonics in a research note on Monday, February 11th. They set a buy rating and a $160.00 price objective on the stock. Finally, DA Davidson decreased their price target on shares of IPG Photonics to $175.00 and set a buy rating on the stock in a research report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $193.91.
IPG Photonics stock traded down $0.27 during mid-day trading on Wednesday, hitting $133.81. The company’s stock had a trading volume of 371,383 shares, compared to its average volume of 486,170. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.55 and a current ratio of 8.54. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.94 and a beta of 1.87. IPG Photonics has a twelve month low of $104.64 and a twelve month high of $261.77.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.02). IPG Photonics had a return on equity of 16.09% and a net margin of 24.94%. The business had revenue of $315.00 million during the quarter, compared to analyst estimates of $308.75 million. During the same quarter last year, the firm posted $1.93 EPS. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. As a group, equities analysts predict that IPG Photonics will post 5.78 EPS for the current fiscal year.
In related news, SVP Trevor Ness sold 5,025 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $170.22, for a total value of $855,355.50. Following the completion of the transaction, the senior vice president now owns 25,657 shares of the company’s stock, valued at approximately $4,367,334.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Igor Samartsev sold 800 shares of IPG Photonics stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $172.10, for a total transaction of $137,680.00. The disclosure for this sale can be found here. Insiders sold a total of 15,825 shares of company stock valued at $2,618,936 in the last ninety days. Company insiders own 33.90% of the company’s stock.
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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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