IPG Photonics (NASDAQ:IPGP) Issues Earnings Results
IPG Photonics (NASDAQ:IPGP) issued its quarterly earnings data on Friday, February 16th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.14, Briefing.com reports. IPG Photonics had a return on equity of 21.29% and a net margin of 24.67%. The company had revenue of $361.10 million during the quarter, compared to analysts’ expectations of $345.63 million. During the same period last year, the business earned $1.39 earnings per share. The business’s revenue was up 28.9% on a year-over-year basis. IPG Photonics updated its Q1 guidance to $1.62-1.87 EPS.
IPG Photonics (NASDAQ:IPGP) opened at $254.72 on Tuesday. IPG Photonics has a 12-month low of $116.80 and a 12-month high of $264.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.27 and a current ratio of 8.82. The firm has a market capitalization of $13,475.11, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 2.48 and a beta of 1.84.
In other news, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $256.56, for a total transaction of $2,437,320.00. Following the sale, the senior vice president now owns 16,957 shares in the company, valued at approximately $4,350,487.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John R. Peeler sold 2,734 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $250.80, for a total value of $685,687.20. Following the sale, the director now owns 9,738 shares in the company, valued at approximately $2,442,290.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,734 shares of company stock valued at $13,626,232. Insiders own 33.80% of the company’s stock.
A number of research firms recently issued reports on IPGP. Needham & Company LLC lifted their price target on IPG Photonics from $230.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Northcoast Research reissued a “buy” rating and set a $290.00 price objective on shares of IPG Photonics in a report on Wednesday, January 31st. Zacks Investment Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $275.00 target price for the company in a research report on Thursday, February 22nd. ValuEngine upgraded IPG Photonics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Canaccord Genuity boosted their target price on IPG Photonics from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. IPG Photonics currently has a consensus rating of “Buy” and an average price target of $213.60.
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IPG Photonics Company Profile
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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