IPG Photonics (IPGP) Scheduled to Post Earnings on Tuesday

IPG Photonics (NASDAQ:IPGP) will post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect IPG Photonics to post earnings of $0.19 per share for the quarter. IPG Photonics has set its Q3 guidance at $0.00-0.30 EPS and its Q3 2024 guidance at 0.000-0.300 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). IPG Photonics had a return on equity of 5.99% and a net margin of 12.67%. The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $259.31 million. During the same quarter last year, the firm posted $1.31 EPS. IPG Photonics’s revenue for the quarter was down 24.2% on a year-over-year basis. On average, analysts expect IPG Photonics to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

IPG Photonics Stock Up 1.2 %

Shares of NASDAQ IPGP opened at $76.82 on Friday. The firm has a fifty day simple moving average of $70.91 and a 200 day simple moving average of $79.36. IPG Photonics has a twelve month low of $61.86 and a twelve month high of $111.11. The company has a market capitalization of $3.40 billion, a PE ratio of 25.44 and a beta of 1.00.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IPGP. Stifel Nicolaus cut their target price on IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Benchmark downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Raymond James dropped their price objective on IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.50.

About IPG Photonics

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.