Brokers Set Expectations for IPG Photonics FY2024 Earnings

IPG Photonics Co. (NASDAQ:IPGP - Free Report) - Equities researchers at Zacks Research issued their FY2024 earnings per share estimates for shares of IPG Photonics in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department forecasts that the semiconductor company will post earnings per share of $1.48 for the year. The consensus estimate for IPG Photonics' current full-year earnings is $1.53 per share. Zacks Research also issued estimates for IPG Photonics' Q4 2024 earnings at $0.22 EPS, Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $1.87 EPS, Q1 2026 earnings at $0.49 EPS, Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.75 EPS and FY2026 earnings at $2.61 EPS.

A number of other equities research analysts have also weighed in on the stock. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a report on Wednesday, October 30th. Stifel Nicolaus cut their price target 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. Raymond James lowered their price objective 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. Finally, Benchmark restated a "hold" rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $93.50.

IPG Photonics Stock Up 3.0 %

Shares of IPGP stock traded up $2.28 during mid-day trading on Friday, reaching $77.09. 110,817 shares of the stock traded hands, compared to its average volume of 263,458. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -22.14 and a beta of 0.98. The stock's fifty day simple moving average is $75.53 and its two-hundred day simple moving average is $78.51. IPG Photonics has a 1-year low of $61.86 and a 1-year high of $111.11.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The business had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The firm's revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 EPS.

Hedge Funds Weigh In On IPG Photonics

Large investors have recently modified their holdings of the company. Innealta Capital LLC acquired a new position in IPG Photonics during the second quarter worth $85,000. KBC Group NV raised its holdings in shares of IPG Photonics by 50.6% in the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock worth $81,000 after acquiring an additional 365 shares during the last quarter. Assetmark Inc. lifted its position in IPG Photonics by 28.3% in the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock valued at $99,000 after acquiring an additional 295 shares in the last quarter. FMR LLC boosted its stake in IPG Photonics by 10.4% during the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock valued at $120,000 after purchasing an additional 153 shares during the last quarter. Finally, Covestor Ltd increased its holdings in IPG Photonics by 7.7% during the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company's stock worth $139,000 after purchasing an additional 133 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors.

IPG Photonics Company Profile

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.