$IPGP Stock Update

2016 Q4 earnings release:

  • Earnings per share $1.39, up 22% from the year-earlier quarter beating estimates
  • Increased 2017 Q1 estimates
  • $1 billion in sales for the first time
  • Sales of $280.1 million increased 25% year-over-year
  • Continued strength in materials processing

Needham & Co analyst called the Q4 report “stellar” and increased the price target to 130

IPG celebrated their 10th anniversary as a public company. 20% gain YTD. Hold

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