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

IPG Photonics (NASDAQ:IPGP) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.050-0.350 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

IPGP has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price target on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Raymond James reduced their price target on shares of IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday. Finally, Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday. One investment 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $93.50.

IPG Photonics Stock Performance

IPGP stock traded up $1.80 during trading on Friday, reaching $82.76. The company had a trading volume of 83,468 shares, compared to its average volume of 266,280. The firm has a 50-day simple moving average of $71.68 and a 200-day simple moving average of $79.25. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -23.97 and a beta of 1.00. IPG Photonics has a twelve month low of $61.86 and a twelve month high of $111.11.

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

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.