Zacks Research Estimates 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 research note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department forecasts that the semiconductor company will post earnings of $1.48 per share 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.

IPG Photonics (NASDAQ:IPGP) last released 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. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. The firm had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The business’s quarterly revenue was down 22.6% compared to the same quarter last year.

Several other analysts have also recently issued reports on the company. 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 note on Wednesday, July 31st. 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 reaffirmed a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, IPG Photonics presently has an average rating of “Hold” and a consensus target price of $93.50.

IPG Photonics Stock Up 1.8 %

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of IPG Photonics by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,056,642 shares of the semiconductor company’s stock worth $277,207,000 after acquiring an additional 11,830 shares during the last quarter. Dimensional Fund Advisors LP grew its position in IPG Photonics by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock valued at $84,054,000 after purchasing an additional 125,958 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in IPG Photonics by 5.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company’s stock valued at $72,168,000 after purchasing an additional 54,166 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in IPG Photonics by 1.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 916,877 shares of the semiconductor company’s stock worth $77,375,000 after buying an additional 11,548 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of IPG Photonics by 37.2% in the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock worth $49,871,000 after buying an additional 181,844 shares in the last quarter. 93.79% of the stock is currently 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.