Coherent, Inc. (NASDAQ:COHR) to Release Earnings on Tuesday
Coherent, Inc. (NASDAQ:COHR) is scheduled to announce its earnings results after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of $3.40 per share for the quarter.
Coherent (NASDAQ:COHR) last issued its quarterly earnings results on Tuesday, May 9th. The scientific and technical instruments company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.55 by $0.16. Coherent had a return on equity of 19.66% and a net margin of 9.84%. The firm had revenue of $422.80 million during the quarter, compared to analysts’ expectations of $404.36 million. During the same period in the prior year, the firm posted $1.04 earnings per share. The business’s quarterly revenue was up 111.5% compared to the same quarter last year. On average, analysts expect Coherent to post $11.86 EPS for the current fiscal year and $14.32 EPS for the next fiscal year.
Coherent, Inc. (COHR) opened at 274.85 on Tuesday. Coherent, Inc. has a 12 month low of $92.93 and a 12 month high of $277.90. The company’s 50-day moving average price is $246.16 and its 200 day moving average price is $195.56. The firm has a market capitalization of $6.77 billion, a PE ratio of 55.69 and a beta of 0.70.
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In other news, VP Bret Dimarco sold 2,903 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $225.00, for a total value of $653,175.00. Following the completion of the transaction, the vice president now directly owns 7,401 shares of the company’s stock, valued at $1,665,225. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Garry W. Rogerson sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $257.03, for a total value of $1,156,635.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,777 shares of company stock valued at $9,320,878. 1.40% of the stock is currently owned by corporate insiders.
COHR has been the subject of a number of recent research reports. Zacks Investment Research raised Coherent from a “hold” rating to a “strong-buy” rating and set a $222.00 price objective for the company in a report on Friday, March 24th. BidaskClub lowered Coherent from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Stifel Nicolaus reissued a “buy” rating and set a $290.00 price objective (up from $270.00) on shares of Coherent in a report on Friday, June 30th. Longbow Research reissued a “buy” rating and set a $325.00 price objective on shares of Coherent in a report on Monday, June 12th. Finally, Needham & Company LLC boosted their price objective on Coherent from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Coherent currently has a consensus rating of “Buy” and an average price target of $244.43.
Coherent Company Profile
Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).
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