IPG Photonics (IPGP) to Release Quarterly Earnings on Tuesday

IPG Photonics (NASDAQ:IPGP) is projected to release its earnings data before the market opens on Tuesday, February 11th. Analysts expect IPG Photonics to post earnings of $0.23 per share and revenue of $227.40 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

IPG Photonics Stock Performance

IPGP stock opened at $70.17 on Tuesday. IPG Photonics has a 1 year low of $61.86 and a 1 year high of $104.19. The firm has a market cap of $3.03 billion, a P/E ratio of -20.22 and a beta of 0.95. The stock’s 50 day moving average price is $75.06 and its 200 day moving average price is $74.35.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IPGP. Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, IPG Photonics 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.