Analysts forecast that Coherent, Inc. (NASDAQ:COHR) will report earnings of $1.31 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Coherent’s earnings, with estimates ranging from $1.17 to $1.45. Coherent posted earnings of $3.51 per share in the same quarter last year, which would suggest a negative year over year growth rate of 62.7%. The business is scheduled to issue its next earnings report on Tuesday, July 30th.
On average, analysts expect that Coherent will report full-year earnings of $6.68 per share for the current financial year, with EPS estimates ranging from $6.31 to $7.05. For the next fiscal year, analysts forecast that the business will report earnings of $8.98 per share, with EPS estimates ranging from $8.21 to $9.75. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Coherent.
Coherent (NASDAQ:COHR) last posted its quarterly earnings data on Tuesday, April 30th. The scientific and technical instruments company reported $1.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.01). The company had revenue of $372.90 million for the quarter, compared to analysts’ expectations of $369.11 million. Coherent had a net margin of 11.56% and a return on equity of 17.88%. The business’s revenue for the quarter was down 22.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.37 earnings per share.
Several large investors have recently bought and sold shares of the company. First Trust Advisors LP raised its stake in Coherent by 69.2% during the first quarter. First Trust Advisors LP now owns 254,250 shares of the scientific and technical instruments company’s stock worth $36,032,000 after purchasing an additional 103,961 shares during the period. California Public Employees Retirement System raised its stake in Coherent by 4.9% during the fourth quarter. California Public Employees Retirement System now owns 39,034 shares of the scientific and technical instruments company’s stock worth $4,126,000 after purchasing an additional 1,836 shares during the period. Principal Financial Group Inc. raised its stake in Coherent by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 108,272 shares of the scientific and technical instruments company’s stock worth $11,445,000 after purchasing an additional 875 shares during the period. Janus Henderson Group PLC raised its stake in Coherent by 28.2% during the first quarter. Janus Henderson Group PLC now owns 2,678 shares of the scientific and technical instruments company’s stock worth $380,000 after purchasing an additional 589 shares during the period. Finally, Vanguard Group Inc raised its stake in Coherent by 0.3% during the third quarter. Vanguard Group Inc now owns 2,185,105 shares of the scientific and technical instruments company’s stock worth $376,253,000 after purchasing an additional 5,472 shares during the period. 96.43% of the stock is currently owned by hedge funds and other institutional investors.
COHR traded up $1.32 during midday trading on Monday, hitting $120.32. 216,543 shares of the company traded hands, compared to its average volume of 364,786. The stock’s 50 day moving average price is $125.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.36 and a quick ratio of 2.03. The stock has a market cap of $2.93 billion, a P/E ratio of 9.23 and a beta of 1.76. Coherent has a 52-week low of $90.10 and a 52-week high of $192.37.
Coherent Company Profile
Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through 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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