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IPG Photonics (NASDAQ:IPGP) Posts Earnings Results

IPG Photonics logo with Computer and Technology background

IPG Photonics (NASDAQ:IPGP - Get Free Report) released its quarterly earnings results on Tuesday. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.10, Briefing.com reports. The business had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. IPG Photonics had a return on equity of 5.99% and a net margin of 12.67%. The business's quarterly revenue was down 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. IPG Photonics updated its Q4 guidance to $0.05-0.35 EPS and its Q4 2024 guidance to 0.050-0.350 EPS.

IPG Photonics Stock Performance

IPG Photonics stock traded down $1.74 during mid-day trading on Wednesday, hitting $83.31. The company's stock had a trading volume of 94,872 shares, compared to its average volume of 265,374. The company has a 50 day moving average of $71.44 and a 200-day moving average of $79.23. The stock has a market cap of $3.80 billion, a PE ratio of 21.86 and a beta of 1.00. IPG Photonics has a one year low of $61.86 and a one year high of $111.11.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on IPG Photonics from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. Raymond James cut their price objective on IPG Photonics from $127.00 to $100.00 and set a "strong-buy" rating for the company in a research note on Wednesday, July 31st. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a research note on Wednesday. Finally, Benchmark restated a "hold" rating on shares of IPG Photonics in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $93.50.

Read Our Latest Stock Analysis on IPGP

About IPG Photonics

(Get Free Report)

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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.

Further Reading

Earnings History for IPG Photonics (NASDAQ:IPGP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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