The Q4 2016 Earnings Forecast for IPG Photonics Corp. (IPGP) Issued By Northcoast Research

The Q4 2016 Earnings Forecast for IPG Photonics Corp. (IPGP) Issued By Northcoast Research

IPG Photonics Corp. (NASDAQ:IPGP) – Stock analysts at Northcoast Research increased their Q4 2016 earnings per share estimates for shares of IPG Photonics Corp. in a report released on Friday. Northcoast Research analyst T. Hayes now anticipates that the brokerage will earn $1.27 per share for the quarter, up from their previous forecast of $1.23. Northcoast Research also issued estimates for IPG Photonics Corp.’s Q1 2017 earnings at $1.06 EPS and Q4 2017 earnings at $1.49 EPS.

IPGP has been the topic of a number of other research reports. Zacks Investment Research cut shares of IPG Photonics Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Credit Agricole SA reaffirmed an “outperform” rating and issued a $92.00 target price on shares of IPG Photonics Corp. in a research report on Tuesday, September 13th. Canaccord Genuity set a $100.00 target price on shares of IPG Photonics Corp. and gave the company a “buy” rating in a research report on Thursday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $96.00 target price (down previously from $98.00) on shares of IPG Photonics Corp. in a research report on Monday, August 1st. Finally, Summit Redstone reaffirmed a “buy” rating on shares of IPG Photonics Corp. in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $96.86.

Shares of IPG Photonics Corp. (NASDAQ:IPGP) opened at 96.94 on Monday. IPG Photonics Corp. has a 1-year low of $73.55 and a 1-year high of $102.90. The company has a 50-day moving average of $83.53 and a 200-day moving average of $85.16. The firm has a market capitalization of $5.15 billion, a PE ratio of 21.17 and a beta of 2.18.

IPG Photonics Corp. (NASDAQ:IPGP) last released its earnings results on Thursday, October 27th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.06. The company earned $266 million during the quarter, compared to analysts’ expectations of $255.27 million. IPG Photonics Corp. had a net margin of 25.83% and a return on equity of 17.73%. IPG Photonics Corp.’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS.

In other news, Director Catherine P. Lego bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were purchased at an average cost of $83.12 per share, for a total transaction of $249,360.00. Following the completion of the purchase, the director now owns 3,012 shares of the company’s stock, valued at $250,357.44. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 34.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in IPG Photonics Corp. by 1.7% in the first quarter. State Street Corp now owns 953,583 shares of the company’s stock worth $91,622,000 after buying an additional 15,696 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of IPG Photonics Corp. by 2.2% in the second quarter. Handelsbanken Fonder AB now owns 187,800 shares of the company’s stock valued at $15,024,000 after buying an additional 4,000 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of IPG Photonics Corp. by 5.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 153,993 shares of the company’s stock valued at $12,319,000 after buying an additional 7,805 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of IPG Photonics Corp. by 212.8% in the first quarter. Goldman Sachs Group Inc. now owns 65,234 shares of the company’s stock valued at $6,268,000 after buying an additional 44,381 shares in the last quarter. Finally, Princeton Capital Management Inc. raised its position in shares of IPG Photonics Corp. by 37.6% in the second quarter. Princeton Capital Management Inc. now owns 17,625 shares of the company’s stock valued at $1,410,000 after buying an additional 4,817 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

IPG Photonics Corp. Company Profile

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