Brokers Offer Predictions for IPG Photonics Co.’s Q4 2018 Earnings (IPGP)

IPG Photonics Co. (NASDAQ:IPGP) – Equities researchers at DA Davidson decreased their Q4 2018 earnings per share estimates for shares of IPG Photonics in a research note issued to investors on Wednesday, October 31st. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings per share of $1.40 for the quarter, down from their prior estimate of $1.86. DA Davidson currently has a “Buy” rating and a $180.00 price objective on the stock. DA Davidson also issued estimates for IPG Photonics’ Q1 2019 earnings at $1.50 EPS, Q2 2019 earnings at $1.67 EPS, Q3 2019 earnings at $1.84 EPS, Q4 2019 earnings at $1.69 EPS and FY2019 earnings at $6.70 EPS.

Other equities research analysts have also recently issued reports about the stock. Northcoast Research reiterated a “buy” rating and set a $208.00 price target on shares of IPG Photonics in a research report on Thursday, August 2nd. Stifel Nicolaus dropped their price target on shares of IPG Photonics from $282.00 to $228.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Needham & Company LLC dropped their price target on shares of IPG Photonics from $280.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. BidaskClub cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Finally, Dougherty & Co reiterated a “buy” rating on shares of IPG Photonics in a research report on Tuesday, August 21st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. IPG Photonics has an average rating of “Hold” and a consensus target price of $219.75.

Shares of IPGP opened at $145.83 on Monday. IPG Photonics has a 1-year low of $107.59 and a 1-year high of $264.11. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 2.12 and a beta of 1.77. The company has a quick ratio of 6.94, a current ratio of 8.64 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $1.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.01). IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. The firm had revenue of $356.35 million for the quarter, compared to analyst estimates of $355.48 million. During the same quarter in the previous year, the business posted $2.11 earnings per share. IPG Photonics’s revenue for the quarter was down 9.2% on a year-over-year basis.

In other news, CAO Thomas J. Burgomaster sold 294 shares of the firm’s stock in a transaction that occurred on Sunday, December 2nd. The shares were sold at an average price of $93.70, for a total value of $27,547.80. Following the completion of the transaction, the chief accounting officer now owns 6,037 shares of the company’s stock, valued at $565,666.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Thomas J. Burgomaster sold 637 shares of the firm’s stock in a transaction that occurred on Sunday, November 11th. The shares were sold at an average price of $90.85, for a total transaction of $57,871.45. Following the completion of the transaction, the chief accounting officer now directly owns 6,037 shares of the company’s stock, valued at approximately $548,461.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,131 shares of company stock valued at $103,915. Company insiders own 33.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its stake in shares of IPG Photonics by 30.0% in the third quarter. Advisory Services Network LLC now owns 2,026 shares of the semiconductor company’s stock valued at $316,000 after purchasing an additional 468 shares during the period. Torray LLC boosted its stake in shares of IPG Photonics by 57.5% in the third quarter. Torray LLC now owns 5,111 shares of the semiconductor company’s stock valued at $798,000 after purchasing an additional 1,865 shares during the period. Private Advisor Group LLC boosted its stake in shares of IPG Photonics by 69.7% in the third quarter. Private Advisor Group LLC now owns 6,330 shares of the semiconductor company’s stock valued at $988,000 after purchasing an additional 2,600 shares during the period. Synovus Financial Corp boosted its stake in shares of IPG Photonics by 55.8% in the third quarter. Synovus Financial Corp now owns 4,829 shares of the semiconductor company’s stock valued at $755,000 after purchasing an additional 1,730 shares during the period. Finally, Signition LP boosted its stake in shares of IPG Photonics by 12.3% in the third quarter. Signition LP now owns 9,095 shares of the semiconductor company’s stock valued at $1,419,000 after purchasing an additional 994 shares during the period. 58.21% of the stock is owned by institutional investors and hedge funds.

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 low, medium, and 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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Earnings History and Estimates for IPG Photonics (NASDAQ:IPGP)

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