Analysts Expect Coherent, Inc. (COHR) to Announce $3.62 EPS

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Equities research analysts expect Coherent, Inc. (NASDAQ:COHR) to post earnings per share of $3.62 for the current quarter, Zacks reports. Two analysts have made estimates for Coherent’s earnings. The lowest EPS estimate is $3.59 and the highest is $3.64. Coherent reported earnings per share of $3.72 in the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The company is expected to announce its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Coherent will report full-year earnings of $14.03 per share for the current year, with EPS estimates ranging from $14.01 to $14.05. For the next year, analysts forecast that the business will report earnings of $13.08 per share, with EPS estimates ranging from $12.85 to $13.31. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Coherent.

Coherent (NASDAQ:COHR) last issued its earnings results on Tuesday, July 31st. The scientific and technical instruments company reported $3.51 earnings per share for the quarter, missing the consensus estimate of $3.54 by ($0.03). Coherent had a net margin of 12.84% and a return on equity of 28.01%. The business had revenue of $482.00 million for the quarter, compared to analyst estimates of $491.31 million. During the same quarter last year, the firm posted $3.36 earnings per share. Coherent’s revenue was up 3.9% on a year-over-year basis.

COHR has been the topic of several recent research reports. ValuEngine upgraded shares of Coherent from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Benchmark restated a “buy” rating and issued a $242.00 price target on shares of Coherent in a research report on Tuesday, June 12th. Zacks Investment Research lowered shares of Coherent from a “hold” rating to a “strong sell” rating in a research report on Monday, May 14th. Needham & Company LLC reduced their price target on shares of Coherent from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, August 1st. Finally, BidaskClub lowered shares of Coherent from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $244.67.

In other Coherent news, EVP Mark Stewart Sobey sold 13,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $181.86, for a total value of $2,364,180.00. Following the transaction, the executive vice president now directly owns 17,887 shares in the company, valued at $3,252,929.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.97% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in COHR. Oregon Public Employees Retirement Fund lifted its position in shares of Coherent by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 9,718 shares of the scientific and technical instruments company’s stock worth $1,520,000 after purchasing an additional 279 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Coherent by 17.2% during the first quarter. Alps Advisors Inc. now owns 2,156 shares of the scientific and technical instruments company’s stock worth $404,000 after purchasing an additional 317 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of Coherent by 2.7% during the first quarter. Mason Street Advisors LLC now owns 12,466 shares of the scientific and technical instruments company’s stock worth $2,336,000 after purchasing an additional 331 shares in the last quarter. Amalgamated Bank lifted its position in shares of Coherent by 6.6% during the first quarter. Amalgamated Bank now owns 5,482 shares of the scientific and technical instruments company’s stock worth $1,027,000 after purchasing an additional 341 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Coherent by 6.1% during the second quarter. Victory Capital Management Inc. now owns 6,316 shares of the scientific and technical instruments company’s stock worth $988,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Shares of Coherent stock traded down $7.76 during trading on Friday, hitting $183.27. 317,069 shares of the company’s stock traded hands, compared to its average volume of 549,580. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.87 and a current ratio of 3.28. Coherent has a twelve month low of $145.66 and a twelve month high of $329.00. The firm has a market cap of $4.63 billion, a P/E ratio of 14.85 and a beta of 1.04.

About Coherent

Coherent, Inc provides lasers and laser-based technology in a range of scientific, commercial, and industrial applications worldwide. It operates through two segments, Specialty Lasers and Systems, and Commercial Lasers and Components. The company designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories.

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