IPG Photonics (NASDAQ:IPGP) Releases Q4 Earnings Guidance

IPG Photonics (NASDAQ:IPGP) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.05-0.35 for the period, compared to the consensus earnings per share estimate of $0.19. The company issued revenue guidance of $210-240 million, compared to the consensus revenue estimate of $225.89 million. IPG Photonics also updated its Q4 2024 guidance to 0.050-0.350 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IPGP shares. Raymond James reduced their target price on shares of 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 dropped 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. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday. Finally, Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, IPG Photonics currently has a consensus rating of “Hold” and an average price target of $93.50.

IPG Photonics Stock Down 2.8 %

Shares of IPGP traded down $2.35 during trading on Thursday, reaching $80.96. The company’s stock had a trading volume of 386,304 shares, compared to its average volume of 267,146. IPG Photonics has a twelve month low of $61.86 and a twelve month high of $111.11. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -23.27 and a beta of 1.00. The company has a fifty day moving average of $71.68 and a two-hundred day moving average of $79.25.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. IPG Photonics had a return on equity of 5.99% and a net margin of 12.67%. The business’s revenue was down 22.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. As a group, equities analysts forecast that IPG Photonics will post 1.38 EPS for the current fiscal 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.