IPG Photonics (NASDAQ:IPGP) Issues Q2 Earnings Guidance

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.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, May 4th. The semiconductor company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.17. IPG Photonics had a net margin of 9.04% and a return on equity of 7.76%. The firm had revenue of $345.59 million for the quarter, compared to the consensus estimate of $324.11 million. During the same period last year, the firm posted $0.68 EPS. The company’s revenue was up 38.7% on a year-over-year basis. On average, equities research analysts anticipate that IPG Photonics will post 3.43 earnings per share for the current fiscal year.

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.

Featured Article: How is a Moving Average Calculated?

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.