IPG Photonics (NASDAQ:IPGP - Get Free Report) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.050-0.350 for the period, compared to the consensus earnings per share estimate of 0.200. The company issued revenue guidance of $210.0 million-$240.0 million, compared to the consensus revenue estimate of $227.1 million. IPG Photonics also updated its Q4 guidance to $0.05-0.35 EPS.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on IPGP. Benchmark cut shares of IPG Photonics from a "buy" rating to a "hold" rating in a research report on Wednesday, July 31st. Stifel Nicolaus reduced their price objective on shares of IPG Photonics from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. Finally, Raymond James dropped their target price on IPG Photonics from $127.00 to $100.00 and set a "strong-buy" rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $93.50.
Check Out Our Latest Stock Analysis on IPG Photonics
IPG Photonics Price Performance
IPGP stock traded up $5.78 during mid-day trading on Tuesday, reaching $85.05. The company had a trading volume of 466,237 shares, compared to its average volume of 266,246. The company has a market capitalization of $3.88 billion, a PE ratio of 21.92 and a beta of 1.00. The firm has a 50 day moving average of $71.13 and a 200 day moving average of $79.23. IPG Photonics has a 12 month low of $61.86 and a 12 month high of $111.11.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). IPG Photonics had a return on equity of 5.99% and a net margin of 12.67%. The firm had revenue of $257.60 million for the quarter, compared to analysts' expectations of $259.31 million. During the same quarter in the previous year, the business earned $1.31 earnings per share. The company's revenue for the quarter was down 24.2% compared to the same quarter last year. Analysts anticipate that IPG Photonics will post 1.38 EPS for the current year.
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.
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