Equities analysts forecast that Coherent, Inc. (NASDAQ:COHR) will report sales of $476.15 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Coherent’s earnings, with the lowest sales estimate coming in at $475.00 million and the highest estimate coming in at $477.30 million. Coherent posted sales of $346.07 million in the same quarter last year, which suggests a positive year-over-year growth rate of 37.6%. The firm is scheduled to issue its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Coherent will report full-year sales of $476.15 million for the current fiscal year, with estimates ranging from $1.97 billion to $2.03 billion. For the next financial year, analysts forecast that the company will post sales of $2.22 billion per share, with estimates ranging from $2.18 billion to $2.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Coherent.

Coherent (NASDAQ:COHR) last released its quarterly earnings data on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.48 by $0.24. The business had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $475.24 million. Coherent had a return on equity of 28.53% and a net margin of 12.02%. The firm’s quarterly revenue was up 97.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 EPS.

COHR has been the topic of several analyst reports. Northcoast Research reaffirmed a “buy” rating and issued a $314.00 price objective (up from $311.00) on shares of Coherent in a research report on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $290.00 price objective on shares of Coherent in a research report on Wednesday, September 13th. Summit Redstone reaffirmed a “buy” rating and issued a $320.00 price objective on shares of Coherent in a research report on Saturday, September 23rd. Zacks Investment Research raised 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. Finally, Benchmark reaffirmed a “buy” rating and issued a $290.00 price objective on shares of Coherent in a research report on Thursday, October 12th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $309.89.

Coherent (NASDAQ:COHR) traded down $7.92 during mid-day trading on Friday, reaching $288.73. The company had a trading volume of 357,900 shares, compared to its average volume of 305,067. The company has a market cap of $7,330.00, a PE ratio of 34.33 and a beta of 0.82. Coherent has a fifty-two week low of $136.52 and a fifty-two week high of $320.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.13 and a quick ratio of 2.14.

In other Coherent news, Director Stephen A. Skaggs sold 500 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $308.97, for a total transaction of $154,485.00. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at approximately $3,398,670. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Bret Dimarco sold 5,819 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $294.75, for a total transaction of $1,715,150.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,416 shares of company stock valued at $5,490,028. Company insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in COHR. WESPAC Advisors LLC purchased a new stake in Coherent during the 2nd quarter valued at $211,000. Coldstream Capital Management Inc. raised its stake in 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 last quarter. BB&T Securities LLC purchased a new stake in Coherent during the 2nd quarter valued at $236,000. DekaBank Deutsche Girozentrale increased its stake in shares of Coherent by 97.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,064 shares of the scientific and technical instruments company’s stock worth $238,000 after purchasing an additional 524 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of Coherent by 73.8% in the 2nd quarter. Flinton Capital Management LLC now owns 1,168 shares of the scientific and technical instruments company’s stock worth $263,000 after purchasing an additional 496 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

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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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