These Analysts Boost Their Forecasts On IPG Photonics Following Upbeat Q4 Results

Benzinga_recent_news02-14

IPG Photonics Corporation (NASDAQ:IPGP) on Thursday reported fourth-quarter results that exceeded Wall Street expectations. The company posted adjusted earnings of 46 cents per share, topping analysts...

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Net sales rose 17% year over year to $274.47 million, surpassing expectations of $249.45 million, supported by gains in materials processing, medical, and advanced applications.\nFor the first quarter, IPG expects adjusted EPS of 10–40 cents versus a 20-cent estimate, revenue of $235 million–$265 million versus $243.422 million expected, adjusted EBITDA of $25 million–$40 million, and adjusted gross margin of 37%–39%.\nIPG Photonics shares gained 2.3% to trade at $153.73 on Friday.\nThese analysts made changes to their price targets on IPG Photonics following earnings announcement.\nConsidering buying IPGP stock? 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