Zacks Research Weighs in on IPG Photonics FY2024 Earnings

IPG Photonics Co. (NASDAQ:IPGP) – Research analysts at Zacks Research issued their FY2024 earnings per share estimates for IPG Photonics in a report issued on Tuesday, November 19th. Zacks Research analyst R. Department anticipates 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.

Other equities research analysts also recently issued research reports about 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 report on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, IPG Photonics has an average rating of “Hold” and an average price target of $93.50.

IPG Photonics Stock Up 1.8 %

Shares of IPG Photonics stock opened at $74.81 on Friday. The firm’s 50-day moving average price is $75.33 and its two-hundred day moving average price is $78.54. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of -21.56 and a beta of 0.98. IPG Photonics has a 12-month low of $61.86 and a 12-month high of $111.11.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $227.89 million. During the same period in the prior year, the firm earned $1.16 EPS. The business’s revenue was down 22.6% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd grew its holdings in shares of IPG Photonics by 7.7% during the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock worth $139,000 after purchasing an additional 133 shares in the last quarter. FMR LLC increased its holdings in shares of IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after buying an additional 153 shares during the last quarter. Fiera Capital Corp raised its position in shares of IPG Photonics by 0.9% during the 2nd quarter. Fiera Capital Corp now owns 22,541 shares of the semiconductor company’s stock valued at $1,902,000 after buying an additional 193 shares in the last quarter. Commonwealth Equity Services LLC grew its position in IPG Photonics by 4.2% in the second quarter. Commonwealth Equity Services LLC now owns 6,937 shares of the semiconductor company’s stock worth $585,000 after acquiring an additional 278 shares in the last quarter. Finally, Assetmark Inc. increased its stake in IPG Photonics by 28.3% in the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock valued at $99,000 after acquiring an additional 295 shares during the last quarter. 93.79% of the stock is owned by institutional investors.

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.