Zacks Research Estimates IPG Photonics FY2024 Earnings

IPG Photonics Co. (NASDAQ:IPGP) – Stock analysts at Zacks Research issued their FY2024 EPS estimates for 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 $1.51 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 issued its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10. The firm had revenue of $233.14 million for the quarter, compared to analyst estimates 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 was down 22.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS.

IPGP has been the topic of several other research reports. Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Raymond James reduced their price target 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. Stifel Nicolaus cut their target price 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, IPG Photonics presently has an average rating of “Hold” and a consensus price target of $93.50.

IPG Photonics Stock Up 4.0 %

NASDAQ:IPGP opened at $77.79 on Friday. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -22.42 and a beta of 0.98. IPG Photonics has a 52 week low of $61.86 and a 52 week high of $111.11. The stock’s fifty day moving average is $75.73 and its two-hundred day moving average is $78.44.

Hedge Funds Weigh In On IPG Photonics

Several institutional investors have recently added to or reduced their stakes in IPGP. Pacer Advisors Inc. boosted its holdings 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 valued at $49,871,000 after acquiring an additional 181,844 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of IPG Photonics by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock valued at $84,054,000 after buying an additional 125,958 shares during the period. Bank of New York Mellon Corp grew its holdings in IPG Photonics by 26.4% during the second quarter. Bank of New York Mellon Corp now owns 303,113 shares of the semiconductor company’s stock worth $25,580,000 after acquiring an additional 63,369 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in IPG Photonics by 5.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company’s stock valued at $72,168,000 after acquiring an additional 54,166 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of IPG Photonics by 25.8% during the 2nd quarter. AQR Capital Management LLC now owns 254,578 shares of the semiconductor company’s stock worth $21,484,000 after purchasing an additional 52,204 shares during the period. Institutional investors and hedge funds own 93.79% of the company’s stock.

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.