$1.31 Earnings Per Share Expected for Coherent, Inc. (NASDAQ:COHR) This Quarter

Share on StockTwits

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 research firms have recently weighed in on COHR. BidaskClub raised shares of Coherent from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Zacks Investment Research downgraded shares of Coherent from a “hold” rating to a “strong sell” rating in a research note on Monday, May 6th. Stifel Nicolaus raised their price target on shares of Coherent from $165.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Susquehanna Bancshares downgraded shares of Coherent from a “positive” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research note on Monday, April 29th. Finally, TheStreet raised shares of Coherent from a “c+” rating to a “b-” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $169.88.

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.

See Also: What Factors Can Affect Return on Equity?

Get a free copy of the Zacks research report on Coherent (COHR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Coherent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coherent and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Slack  Earns Neutral Rating from Analysts at Credit Suisse Group
Slack Earns Neutral Rating from Analysts at Credit Suisse Group
Slack  Coverage Initiated by Analysts at Morgan Stanley
Slack Coverage Initiated by Analysts at Morgan Stanley
Solaris Oilfield Infrastructure  Coverage Initiated by Analysts at Citigroup
Solaris Oilfield Infrastructure Coverage Initiated by Analysts at Citigroup
Tanger Factory Outlet Centers  Upgraded to “Hold” at Zacks Investment Research
Tanger Factory Outlet Centers Upgraded to “Hold” at Zacks Investment Research
Sterling Bancorp  Coverage Initiated at B. Riley
Sterling Bancorp Coverage Initiated at B. Riley
Restoration Hardware  Upgraded by ValuEngine to “Hold”
Restoration Hardware Upgraded by ValuEngine to “Hold”


© 2006-2019 Ticker Report