IPG Photonics (IPGP) Set to Announce Quarterly Earnings on Tuesday

IPG Photonics (NASDAQ:IPGP) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. IPG Photonics has set its Q3 guidance at $0.00-0.30 EPS and its Q3 2024 guidance at 0.000-0.300 EPS.Parties that wish to register for the company’s conference call can do so using this link.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, July 30th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $257.60 million during the quarter, compared to analyst estimates of $259.31 million. IPG Photonics had a net margin of 12.67% and a return on equity of 5.99%. The business’s quarterly revenue was down 24.2% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS. On average, analysts expect IPG Photonics to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

IPG Photonics Stock Down 1.1 %

IPGP opened at $74.76 on Tuesday. The firm has a market capitalization of $3.41 billion, a P/E ratio of 19.27 and a beta of 1.00. The stock’s 50 day moving average price is $70.25 and its two-hundred day moving average price is $79.66. IPG Photonics has a 12-month low of $61.86 and a 12-month high of $111.11.

Analyst Upgrades and Downgrades

IPGP has been the topic of a number of research analyst reports. Raymond James lowered their target price 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. Stifel Nicolaus lowered their target price on IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Benchmark lowered IPG Photonics from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, IPG Photonics currently has a consensus rating of “Hold” and a consensus price target 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.