Earnings results for IPG Photonics (NASDAQ:IPGP)
IPG Photonics Corporation is expected* to report earnings on 05/04/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.07. The reported EPS for the same quarter last year was $0.4.
IPG Photonics last posted its quarterly earnings data on February 15th, 2021. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $336.63 million for the quarter, compared to the consensus estimate of $310.82 million. IPG Photonics has generated $4.36 earnings per share over the last year and currently has a price-to-earnings ratio of 110.2. IPG Photonics has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. IPG Photonics will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.
Analyst Opinion on IPG Photonics (NASDAQ:IPGP)
9 Wall Street analysts have issued ratings and price targets for IPG Photonics in the last 12 months. Their average twelve-month price target is $230.94, predicting that the stock has a possible upside of 6.37%. The high price target for IPGP is $300.00 and the low price target for IPGP is $180.00. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”
IPG Photonics has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $230.94, IPG Photonics has a forecasted upside of 6.4% from its current price of $217.11. IPG Photonics has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: IPG Photonics (NASDAQ:IPGP)
IPG Photonics does not currently pay a dividend. IPG Photonics does not have a long track record of dividend growth.
Insiders buying/selling: IPG Photonics (NASDAQ:IPGP)
In the past three months, IPG Photonics insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,123,888.00 in company stock. Only 34.00% of the stock of IPG Photonics is held by insiders. 63.36% of the stock of IPG Photonics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of IPG Photonics (NASDAQ:IPGP
Earnings for IPG Photonics are expected to grow by 43.44% in the coming year, from $3.43 to $4.92 per share. The P/E ratio of IPG Photonics is 110.21, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.08. The P/E ratio of IPG Photonics is 110.21, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 68.85. IPG Photonics has a P/B Ratio of 4.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
More latest stories: here