IPG Photonics (NASDAQ:IPGP – Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. IPG Photonics has set its Q3 guidance at $0.00-0.30 EPS and its Q3 2024 guidance at 0.000-0.300 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
IPG Photonics (NASDAQ:IPGP – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The company had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $259.31 million. IPG Photonics had a net margin of 12.67% and a return on equity of 5.99%. IPG Photonics’s revenue was down 24.2% on a year-over-year basis. During the same period last year, the firm posted $1.31 earnings per share. On average, analysts expect IPG Photonics to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
IPG Photonics Stock Performance
IPG Photonics stock opened at $76.82 on Monday. The company’s 50 day simple moving average is $70.91 and its 200-day simple moving average is $79.31. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 19.80 and a beta of 1.00. IPG Photonics has a 1 year low of $61.86 and a 1 year high of $111.11.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on IPG Photonics
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.
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