Ultime notizie per IPG Photonics (NASDAQ:IPGP) Azioni

IPG Photonics

IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. The company generates a majority of its revenue from China and also has its presence in North America, Japan, Germany, and other markets.

IPG Photonics Corp

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Shares of companies within the broader technology sector are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

Benchmark analyst Mark Miller reiterates IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) with a Hold.

News

Reiteration

Analyst Ratings

Benchmark Reiterates Hold on IPG Photonics

Needham analyst James Ricchiuti reiterates IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) with a Hold.

Needham Reiterates Hold on IPG Photonics

Corning Incorporated shares are trading higher after the company announced better-than-expected Q3 financial results.

IPG Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Tuesday.</a>
The company reported that the third quarter adjusted earnings per share was 29 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41596561/ipg-photonics-announces-third-quarter-2024-financial-results" rel="noreferrer noopener">beating the street view of 20 cents</a>. Quarterly revenues of $233.143 million beat the analyst consensus estimate of $228.445 million.
Revenues slumped 23% year over year due to lower demand in industrial and e-mobility markets.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41601084/sysco-shares-rise-as-q1-sales-beat-offsets-lower-than-expected-earnings" rel="noreferrer noopener">Sysco Shares Rise As Q1 Sales Beat Offsets Lower-Than-Expected Earnings</a>
Gross margin of 23.2% decreased significantly year over year due to increased inventory provision and reduced absorption of manufacturing expenses, partially offset by lower tariffs and shipping costs.
The inventory provision included $30 million related to a change in the estimate of recoverability due to the current demand environment, which reduced gross margin by 12.8% and diluted EPS by $0.49.
During the third quarter, IPG generated $66 million in cash from operations and spent $23 million on capital expenditures and $74 million on share repurchases.
In a separate press release, the company said it had signed a definitive agreement to acquire Clean-Lasersysteme GmbH (cleanser), <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41596559/ipg-photonics-announces-agreement-to-acquire-cleanlaser" rel="noreferrer noopener">a leader in laser cleaning systems.</a>
The transaction strengthens IPG&#8217;s global position in high-precision laser systems for cleaning applications, an attractive growth market. It is expected to close in the fourth quarter of 2024.
Outlook: IPG Photonics anticipates fourth-quarter revenue between $210 million and $240 million, compared to the $228.4 million estimate, with adjusted earnings per share projected to be between $0.05 and $0.35, versus the $0.20 estimate.
Price Action: IPGP shares are trading higher by 10.4% to $87.56 at last check Tuesday.
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Earnings

Equities

Guidance

Markets

Movers

General

IPG Photonics Q3 Earnings Surpass Estimates, Plans To Acquire Clean-Lasersysteme

U.S. stocks were higher, with the Dow Jones index gaining around 50 points on Tuesday.
Shares of Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) rose sharply during Tuesday's session after reporting better-than-expected third-quarter financial results and issued better-than-expected <a href="https://www.benzinga.com/quote/GLW/earnings">fourth-quarter outlook</a>.
Corning reported quarterly earnings of 54 cents per share which beat the analyst consensus estimate of 52 cents per share. The company reported quarterly sales of $3.73 billion which beat the analyst consensus estimate of $3.72 billion.
Corning shares jumped 7% to $50.12 on Tuesday.
Here are some other big stocks recording gains in today's session.
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<li>GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) shares jumped 39% to $77.96 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares gained 25.3% to $21.35 after the company reported better-than-expected second-quarter financial results.</li>
<li>Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) gained 18% to $1.25.</li>
<li>Lithium Americas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) climbed 15.7% to $4.79. Lithium Americas closed $2.26 billion U.S. DOE ATVM loan.</li>
<li>Opera Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRA#NASDAQ">OPRA</a>) gained 15.5% to $19.48 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance..</li>
<li>Inari Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NARI#NASDAQ">NARI</a>) gained 15.1% to $49.00 after the company reported better-than-expected third-quarter sales results and raised its FY24 revenue guidance above estimates. Also, Piper Sandler maintained a Neutral rating on the stock and raised its price target from $50 to $5.</li>
<li>Shutterstock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) gained 11.7% to $32.98 after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates. Also, the company announced it will integrate its GIPHY API into TikTok&#8217;s messaging platform.</li>
<li>IPG Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) gained 9.3% to $86.61 following upbeat quarterly earnings.</li>
<li>Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) gained 8.7% to $48.74 following third-quarter results.</li>
<li>Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) rose 8.4% to $71.21 after the company reported better-than-expected third-quarter revenue results and raised its FY24 net product revenue guidance.</li>
<li>Hayward Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAYW#NYSE">HAYW</a>) gained 8.3% to $16.03 after the company reported better-than-expected third-quarter financial results and raised the lower end of its FY24 net sales guidance range.</li>
<li>CBIZ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) rose 7.5% to $71.88 following upbeat quarterly earnings.</li>
<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) rose 7% to $43.42.</li>
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Corning Posts Upbeat Q3 Earnings, Joins Opera, Inari Medical, Incyte And Other Big Stocks Moving Higher On Tuesday

IPG Photonics To Acquire CleanLASER, Terms Not Disclosed

For the fourth quarter of 2024, IPG expects revenue of $210 million to $240 million, gross margin between 35% and 38%, and operating expenses of $78 million to $80 million. The Company expects the fourth quarter tax rate to be approximately 25%, including certain discrete items. IPG anticipates delivering earnings per diluted share in the range of $0.05 to $0.35. This guidance excludes Russian operations which were sold in the third quarter.

IPG Photonics Expects Q4 Revenue Of $210M-$240M Vs $228.45M Est, Adj EPS Of $0.05-$0.35 Vs $0.20 Est

Earnings Beats

IPG Photonics Q3 2024 Adj. EPS $0.29 Beats $0.20 Estimate, Sales $233.143M Beat $228.445M Estimate

IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.
Analysts estimate that IPG Photonics will report an earnings per share (EPS) of $0.19. 
Anticipation surrounds IPG Photonics's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Overview of Past Earnings</h3>
Last quarter the company missed EPS by $0.06, which was followed by a 0.99% drop in the share price the next day.
Here's a look at IPG Photonics's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.51</td>
<td>0.49</td>
<td>0.95</td>
<td>1.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.45</td>
<td>0.52</td>
<td>0.89</td>
<td>1.16</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-1.0%</td>
<td>1.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730127779_0.png" alt="eps graph" />
<h3>Performance of IPG Photonics Shares</h3>
Shares of IPG Photonics were trading at $76.82 as of October 25. Over the last 52-week period, shares are down 8.67%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Views on IPG Photonics</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on IPG Photonics.
Analysts have provided IPG Photonics with 2 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $100.0, suggesting a potential 30.17% upside.
<h3>Comparing Ratings with Peers</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Plexus, TTM Technologies and Benchmark Electronics, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>Plexus received a Buy consensus from analysts, with an average 1-year price target of $156.75, implying a potential 104.05% upside.</li>
<li>The consensus among analysts is an Buy trajectory for TTM Technologies, with an average 1-year price target of $24.31, indicating a potential 68.35% downside.</li>
<li>For Benchmark Electronics, analysts project an Buy trajectory, with an average 1-year price target of $45.5, indicating a potential 40.77% downside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
Within the peer analysis summary, vital metrics for Plexus, TTM Technologies and Benchmark Electronics are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>IPG Photonics</td>
<td>Buy</td>
<td>-24.22%</td>
<td>$96.19M</td>
<td>0.88%</td>
</tr>
<tr>
<td>Plexus</td>
<td>Buy</td>
<td>9.35%</td>
<td>$94.42M</td>
<td>3.18%</td>
</tr>
<tr>
<td>TTM Technologies</td>
<td>Buy</td>
<td>10.73%</td>
<td>$117.23M</td>
<td>1.73%</td>
</tr>
<tr>
<td>Benchmark Electronics</td>
<td>Buy</td>
<td>-9.18%</td>
<td>$67.95M</td>
<td>1.42%</td>
</tr>
</tbody>
</table>

Key Takeaway:
IPG Photonics ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit and Return on Equity.
<h3>Discovering IPG Photonics: A Closer Look</h3>
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. The company generates a majority of its revenue from China and also has its presence in North America, Japan, Germany, and other markets.
<h3>Understanding the Numbers: IPG Photonics's Finances</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: IPG Photonics's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -24.22%. This indicates a decrease in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: IPG Photonics's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.82% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): IPG Photonics's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.88%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.79%, the company showcases effective utilization of assets.
Debt Management: IPG Photonics's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.
<a href="https://www.benzinga.com/quote/IPGP/earnings">To track all earnings releases for IPG Photonics visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of IPG Photonics's Earnings

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Shares of companies within the broader technology sector are trading higher amid strength with Micron after the company reported strong earnings.

IRE-Polus revenue accounts for less than&nbsp;5%&nbsp;of IPG&#39;s full-year revenue. Related to the transaction, the Company expects to record total estimated charges of&nbsp;$195 million&nbsp;to&nbsp;$210 million. Of these total estimated charges,&nbsp;$60 million&nbsp;to&nbsp;$65 million&nbsp;relates to the carrying value of net assets of IRE-Polus that is in excess of net proceeds received on the sale and&nbsp;$135 million&nbsp;to&nbsp;$145 million&nbsp;relates to the cumulative translation adjustment component of other comprehensive income that is included in shareholders equity.
The Company does not expect to provide any further information regarding the transaction until it reports earnings results for the&nbsp;third quarter.

IPG Photonics Expects Russian Operations Sale To Reduce Q3 Revenue As Compared To Previously Provided Guidance By $5M; Expects To Record Total Estimated Charges Of $195M - $210M

The purchaser is a group led by Softline Projects LLC and current management of IRE-Polus. The sale marks the finalization of IPG&#39;s exit from all facilities in Russia, following imposed sanctions on trade after the start of the war with Ukraine.&nbsp;

Asset Sales

IPG Photonics Reports Sale Of Entire Interest In Its Russian subsidiary, IRE-Polus; Proceeds From Transaction Total $51M Before Advisory And Other Fees

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Shares of stocks in the broader tech sector are trading lower amid a sell off due to US economy concerns.

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Shares of companies in the broader technology sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.

Seaport Global analyst Scott Graham downgrades IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) from Buy to Neutral.

Downgrades

Seaport Global Downgrades IPG Photonics to Neutral

Benchmark analyst Mark Miller downgrades IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) from Buy to Hold.

Benchmark Downgrades IPG Photonics to Hold

Raymond James analyst Brian Gesuale maintains IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) with a Strong Buy and lowers the price target from $127 to $100.

Price Target

Raymond James Maintains Strong Buy on IPG Photonics, Lowers Price Target to $100

Stifel analyst Ruben Roy maintains IPG Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) with a Buy and lowers the price target from $115 to $100.

Stifel Maintains Buy on IPG Photonics, Lowers Price Target to $100

IPG Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) shares are trading lower on Tuesday after<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> reporting second-quarter results.</a>
The company reported earnings per share of 45 cents, missing the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g40034946/ipg-photonics-announces-second-quarter-2024-financial-results" rel="noreferrer noopener">analyst consensus of 51 cents</a>. Quarterly revenues of $257.645 million, decreased&nbsp;24%&nbsp;year over year and missed the street view of $258.955 million.
By region, sales decreased 2% in North America and were down 34% in China, 27% in Europe and 39% in Japan on a year-over-year basis.&nbsp;
Gross margin of 37.3% decreased 610 basis points year over year due to reduced absorption of manufacturing expenses and increased inventory reserves, partially offset by lower tariffs and shipping costs.
During the second quarter, IPG generated $53 million in cash from operations and spent $24 million on capital expenditures and $122 million on share repurchases.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40041250/movano-evie-ring-could-soon-get-fda-clearance-analyst-says-a-validated-wearable-dev" rel="noreferrer noopener">Movano Evie Ring Could Soon Get FDA Clearance, Analyst Says: ‘A Validated Wearable Device Truly Opens The Market'</a>
&#8220;Uncertainty across all major geographies, which is impacting industrial and e-mobility markets, is likely to weigh on demand through the remainder of the year,&#8221; said Mark Gitin, IPG Photonics&#8217; Chief Executive Officer.
Outlook: For the third quarter of 2024, IPG Photonics expects revenue of $210 million to $240 million versus $282.34 million estimate, gross margin between 34% and 37%, and operating expenses of $82 million to $84 million.
The company expects the third quarter tax rate to be approximately 25%, including certain discrete items. IPG Photonics anticipates delivering earnings per diluted share in the range<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> of $0.00 to $0.30 versus $0.78 estimate.</a>
Price Action: IPGP shares are trading lower by 5.88% to $82.46&nbsp;at last check Tuesday.
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IPG Photonics Struggles Amid Weak Sales And Margin Pressures, Shares Fall

Here's the major earnings before the open tomorrow

IPG Photonics (IPGP) announced that it has signed a definitive agreement to acquire Clean-Lasersysteme, cleanLASER, a leader in laser cleaning syst...

IPG Photonics announces agreement to acquire CleanLASER

IPG Photonics Non-GAAP EPS of $0.29 beats by $0.09, revenue of $233.1M beats by $5.27M

IPG Photonics to acquire cleanLASER

IPG Photonics Corporation 2024 Q3 - Results - Earnings Call Presentation

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IPG Photonics Corporation (IPGP) Q3 2024 Earnings Call Transcript

In a report released today, James Ricchiuti from Needham maintained a Hold rating on IPG Photonics (IPGP – Research Report). The company's shares c...

Needham Reaffirms Their Hold Rating on IPG Photonics (IPGP)

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Bank of America Securities Reaffirms Their Sell Rating on IPG Photonics (IPGP)

IPG Photonics: Cheap, Only If Execution Returns

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