Analysts Offer Predictions for IPG Photonics FY2024 Earnings

IPG Photonics Co. (NASDAQ:IPGP) – Research analysts at Zacks Research issued their FY2024 earnings per share estimates for shares of IPG Photonics in a 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 company. Raymond James cut their price objective on IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus reduced their price objective on IPG Photonics from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $93.50.

IPG Photonics Price Performance

Shares of IPG Photonics stock opened at $77.79 on Friday. The business’s 50 day simple moving average is $75.53 and its two-hundred day simple moving average is $78.51. The stock has a market capitalization of $3.36 billion, a P/E ratio of -22.14 and a beta of 0.98. IPG Photonics has a one year low of $61.86 and a one year high of $111.11.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The company had revenue of $233.14 million for the quarter, compared to analysts’ expectations of $227.89 million. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. IPG Photonics’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period last year, the firm posted $1.16 EPS.

Institutional Trading of IPG Photonics

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN boosted its stake in shares of IPG Photonics by 8.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after acquiring an additional 43,874 shares during the period. Barclays PLC boosted its stake in shares of IPG Photonics by 42.5% in the third quarter. Barclays PLC now owns 38,787 shares of the semiconductor company’s stock worth $2,883,000 after acquiring an additional 11,562 shares during the period. XTX Topco Ltd bought a new position in shares of IPG Photonics in the third quarter worth about $356,000. Jane Street Group LLC boosted its stake in shares of IPG Photonics by 100.4% in the third quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company’s stock worth $1,618,000 after acquiring an additional 10,906 shares during the period. Finally, Systematic Financial Management LP boosted its stake in shares of IPG Photonics by 8.2% in the third quarter. Systematic Financial Management LP now owns 123,902 shares of the semiconductor company’s stock worth $9,208,000 after acquiring an additional 9,405 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

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.