IPG Photonics (IPGP) Projected to Post Earnings on Tuesday

IPG Photonics (NASDAQ:IPGP) is expected to be releasing its earnings data before the market opens on Tuesday, February 11th. Analysts expect IPG Photonics to post earnings of $0.23 per share and revenue of $227.40 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

IPG Photonics Stock Down 2.7 %

Shares of IPG Photonics stock opened at $68.91 on Monday. The business has a 50 day moving average price of $74.51 and a 200-day moving average price of $73.84. IPG Photonics has a 52 week low of $61.86 and a 52 week high of $104.19. The company has a market cap of $2.98 billion, a PE ratio of -19.86 and a beta of 0.95.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IPGP. Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Northcoast Research downgraded IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, IPG Photonics presently has a consensus rating of “Hold” and an average target price of $93.50.

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.