Wall Street brokerages expect that Coherent, Inc. (NASDAQ:COHR) will announce sales of $477.35 million for the current quarter, according to Zacks. Two analysts have provided estimates for Coherent’s earnings. The highest sales estimate is $479.20 million and the lowest is $475.50 million. Coherent reported sales of $248.46 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 92.1%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Coherent will report full-year sales of $477.35 million for the current fiscal year. For the next year, analysts expect that the company will report sales of $1.96 billion per share, with estimates ranging from $1.94 billion to $1.99 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Coherent.

Coherent (NASDAQ:COHR) last posted its earnings results on Tuesday, August 1st. The scientific and technical instruments company reported $3.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.09). Coherent had a net margin of 11.08% and a return on equity of 24.98%. The company had revenue of $464.10 million during the quarter, compared to analysts’ expectations of $466.90 million. During the same period in the previous year, the company posted $1.07 EPS. Coherent’s quarterly revenue was up 112.1% compared to the same quarter last year.

Several research firms have weighed in on COHR. Benchmark Co. reiterated a “buy” rating and set a $290.00 price objective on shares of Coherent in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Coherent from a “hold” rating to a “strong-buy” rating and set a $270.00 price objective on the stock in a research report on Tuesday, October 3rd. Summit Redstone reiterated a “buy” rating and set a $320.00 price objective on shares of Coherent in a research report on Saturday, September 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $290.00 price objective on shares of Coherent in a research report on Wednesday, September 13th. Finally, Northcoast Research reiterated a “buy” rating and set a $314.00 price objective (up from $311.00) on shares of Coherent in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Coherent has a consensus rating of “Buy” and a consensus target price of $293.22.

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Shares of Coherent (COHR) traded up 0.75% on Tuesday, hitting $264.38. The company’s stock had a trading volume of 220,254 shares. Coherent has a 52 week low of $100.01 and a 52 week high of $281.00. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 39.80 and a beta of 0.78. The stock’s 50 day moving average is $248.68 and its 200-day moving average is $238.24.

In other Coherent news, Director Stephen A. Skaggs sold 500 shares of Coherent stock in a transaction on Monday, August 14th. The shares were sold at an average price of $217.58, for a total transaction of $108,790.00. Following the completion of the sale, the director now owns 11,500 shares of the company’s stock, valued at approximately $2,502,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Ambroseo sold 25,000 shares of Coherent stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $250.00, for a total transaction of $6,250,000.00. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Large investors have recently modified their holdings of the business. Smithfield Trust Co. acquired a new stake in shares of Coherent during the 2nd quarter valued at $199,000. Daiwa Securities Group Inc. acquired a new stake in shares of Coherent during the 2nd quarter valued at $202,000. WESPAC Advisors LLC acquired a new stake in shares of Coherent during the 2nd quarter valued at $211,000. Penserra Capital Management LLC boosted its stake in shares of Coherent by 4.2% during the 2nd quarter. Penserra Capital Management LLC now owns 5,791 shares of the scientific and technical instruments company’s stock valued at $224,000 after buying an additional 234 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Coherent by 3.1% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,010 shares of the scientific and technical instruments company’s stock valued at $227,000 after buying an additional 30 shares during the period. 90.25% of the stock is owned by institutional investors.

About Coherent

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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Earnings History and Estimates for Coherent (NASDAQ:COHR)

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