IPG Photonics (NASDAQ:IPGP) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.20-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.37. The company issued revenue guidance of $360-390 million, compared to the consensus revenue estimate of $363.18 million.IPG Photonics also updated its Q2 2021 guidance to 1.200-1.500 EPS.
A number of analysts have recently commented on IPGP shares. Zacks Investment Research cut IPG Photonics from a buy rating to a hold rating and set a $229.00 price objective for the company. in a research report on Tuesday, January 5th. Needham & Company LLC upgraded shares of IPG Photonics from a hold rating to a buy rating and set a $280.00 price objective for the company in a research report on Tuesday, January 19th. DA Davidson lifted their target price on shares of IPG Photonics from $210.00 to $300.00 and gave the company a buy rating in a research report on Wednesday, February 17th. Canaccord Genuity raised their price target on shares of IPG Photonics from $177.00 to $240.00 and gave the company a hold rating in a research note on Monday, March 1st. Finally, Benchmark reaffirmed a hold rating on shares of IPG Photonics in a research note on Wednesday, February 17th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. IPG Photonics currently has an average rating of Buy and an average target price of $230.75.
IPGP stock traded down $22.08 during trading on Tuesday, hitting $189.49. 879,756 shares of the company’s stock were exchanged, compared to its average volume of 296,009. The business has a 50-day moving average price of $219.53 and a two-hundred day moving average price of $218.78. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 96.19 and a beta of 1.48. IPG Photonics has a 52-week low of $136.20 and a 52-week high of $262.55. The company has a current ratio of 10.09, a quick ratio of 8.25 and a debt-to-equity ratio of 0.01.
In other news, SVP Trevor Ness sold 2,938 shares of IPG Photonics stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $225.10, for a total value of $661,343.80. Following the transaction, the senior vice president now directly owns 19,121 shares of the company’s stock, valued at approximately $4,304,137.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Igor Samartsev sold 500 shares of the company’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $213.04, for a total transaction of $106,520.00. The disclosure for this sale can be found here. Insiders sold a total of 5,104 shares of company stock valued at $1,123,888 over the last three months. Company insiders own 34.00% of the company’s stock.
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 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; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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