Coherent, Inc. (NASDAQ:COHR) Expected to Announce Earnings of $1.17 Per Share


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Wall Street analysts forecast that Coherent, Inc. (NASDAQ:COHR) will post $1.17 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Coherent’s earnings, with the highest EPS estimate coming in at $1.20 and the lowest estimate coming in at $1.13. Coherent reported earnings of $0.61 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 91.8%. The business is expected to announce its next earnings results on Wednesday, May 26th.

On average, analysts expect that Coherent will report full-year earnings of $5.54 per share for the current financial year, with EPS estimates ranging from $5.52 to $5.56. For the next financial year, analysts anticipate that the firm will report earnings of $8.82 per share, with EPS estimates ranging from $8.70 to $8.94. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Coherent.

Coherent (NASDAQ:COHR) last posted its quarterly earnings results on Tuesday, February 9th. The scientific and technical instruments company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.20. Coherent had a negative net margin of 33.70% and a positive return on equity of 3.41%. The business had revenue of $326.05 million for the quarter, compared to the consensus estimate of $318.22 million. During the same period in the prior year, the business posted $0.86 earnings per share. Coherent’s revenue for the quarter was up 1.6% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the stock. Benchmark downgraded shares of Coherent from a “buy” rating to a “hold” rating in a research note on Thursday, February 11th. Berenberg Bank downgraded shares of Coherent from a “buy” rating to a “hold” rating and set a $215.00 target price on the stock. in a research report on Thursday, January 21st. Longbow Research downgraded shares of Coherent from a “buy” rating to a “neutral” rating in a research report on Thursday, November 12th. Stifel Nicolaus downgraded shares of Coherent from a “buy” rating to a “hold” rating in a research report on Wednesday, November 11th. Finally, Barclays raised shares of Coherent from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, January 20th. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $183.56.

In other Coherent news, Director Pamela Fletcher sold 464 shares of the company’s stock in a transaction dated Wednesday, December 2nd. The shares were sold at an average price of $125.00, for a total transaction of $58,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COHR. Envestnet Asset Management Inc. lifted its stake in shares of Coherent by 21.5% in the third quarter. Envestnet Asset Management Inc. now owns 15,426 shares of the scientific and technical instruments company’s stock valued at $1,711,000 after buying an additional 2,730 shares during the period. Pacer Advisors Inc. bought a new stake in shares of Coherent in the third quarter valued at about $668,000. Cerebellum GP LLC bought a new stake in shares of Coherent in the third quarter valued at about $65,000. AMG National Trust Bank bought a new stake in shares of Coherent in the third quarter valued at about $576,000. Finally, Xponance Inc. lifted its stake in shares of Coherent by 9.0% in the third quarter. Xponance Inc. now owns 4,686 shares of the scientific and technical instruments company’s stock valued at $520,000 after buying an additional 388 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Shares of NASDAQ COHR traded down $5.44 during mid-day trading on Tuesday, reaching $244.71. The company had a trading volume of 16,154 shares, compared to its average volume of 620,094. Coherent has a twelve month low of $78.21 and a twelve month high of $264.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.93 and a current ratio of 4.52. The stock has a market capitalization of $5.98 billion, a PE ratio of -14.55 and a beta of 1.54. The stock’s 50 day moving average is $200.56 and its 200-day moving average is $142.40.

Coherent Company Profile

Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.

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