IPG Photonics (NASDAQ:IPGP) Updates Q4 2024 Earnings Guidance

IPG Photonics (NASDAQ:IPGP) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.050-0.350 for the period, compared to the consensus earnings per share estimate of 0.200. The company issued revenue guidance of $210.0 million-$240.0 million, compared to the consensus revenue estimate of $227.1 million. IPG Photonics also updated its Q4 guidance to $0.05-0.35 EPS.

IPG Photonics Stock Performance

Shares of IPGP stock traded up $1.80 on Friday, hitting $82.76. 83,468 shares of the company’s stock traded hands, compared to its average volume of 266,280. IPG Photonics has a one year low of $61.86 and a one year high of $111.11. The company’s fifty day simple moving average is $71.68 and its 200 day simple moving average is $79.25. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -23.97 and a beta of 1.00.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The firm had revenue of $233.14 million during the quarter, compared to analysts’ expectations of $227.89 million. During the same period last year, the company posted $1.16 EPS. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that IPG Photonics will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IPGP shares. Raymond James dropped their target price on shares of 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. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday. Benchmark restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday. Finally, Stifel Nicolaus reduced their price objective on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.