Coherent, Inc. (NASDAQ:COHR) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Coherent to post earnings of $3.48 per share for the quarter.

Coherent (NASDAQ:COHR) last released its earnings results on Tuesday, August 1st. The scientific and technical instruments company reported $3.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.09). The firm had revenue of $464.10 million during the quarter, compared to analyst estimates of $466.90 million. Coherent had a net margin of 11.08% and a return on equity of 24.98%. The firm’s quarterly revenue was up 112.1% on a year-over-year basis. During the same period last year, the business posted $1.07 earnings per share. On average, analysts expect Coherent to post $11.53 EPS for the current fiscal year and $14.85 EPS for the next fiscal year.

Shares of Coherent, Inc. (COHR) opened at 262.41 on Tuesday. Coherent, Inc. has a 1-year low of $100.01 and a 1-year high of $281.00. The stock has a 50 day moving average price of $248.68 and a 200 day moving average price of $238.24. The firm has a market capitalization of $6.46 billion, a PE ratio of 39.51 and a beta of 0.78.

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

COHR has been the subject of a number of research reports. BidaskClub upgraded Coherent from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $290.00 price target on shares of Coherent in a research note on Wednesday, September 13th. Needham & Company LLC reiterated a “buy” rating and issued a $270.00 price target (up from $265.00) on shares of Coherent in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Coherent from a “hold” rating to a “strong-buy” rating and set a $270.00 price target for the company in a research note on Tuesday, October 3rd. Finally, Barclays PLC initiated coverage on Coherent in a research note on Monday, August 7th. They issued an “overweight” rating and a $285.00 price target for the company. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Coherent has a consensus rating of “Buy” and a consensus price target of $293.22.

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).

Earnings History for Coherent (NASDAQ:COHR)

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