Zacks: Brokerages Anticipate Coherent, Inc. (COHR) to Post $3.54 Earnings Per Share

Wall Street analysts predict that Coherent, Inc. (NASDAQ:COHR) will post earnings of $3.54 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Coherent’s earnings. The highest EPS estimate is $3.55 and the lowest is $3.53. Coherent reported earnings of $2.57 per share in the same quarter last year, which would indicate a positive year over year growth rate of 37.7%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 6th.

On average, analysts expect that Coherent will report full-year earnings of $15.56 per share for the current fiscal year, with EPS estimates ranging from $15.00 to $16.11. For the next financial year, analysts forecast that the company will post earnings of $18.53 per share, with EPS estimates ranging from $17.75 to $19.31. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Coherent.

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

A number of equities research analysts have commented on the stock. BidaskClub raised shares of Coherent from a “hold” rating to a “buy” rating in a report on Thursday. Barclays set a $332.00 price objective on shares of Coherent and gave the stock a “buy” rating in a report on Wednesday, January 10th. Zacks Investment Research raised shares of Coherent from a “hold” rating to a “buy” rating and set a $337.00 price objective on the stock in a report on Wednesday, January 10th. Stifel Nicolaus increased their price objective on shares of Coherent from $290.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Benchmark upped their target price on shares of Coherent from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $319.22.

Shares of Coherent (NASDAQ:COHR) opened at $318.35 on Friday. Coherent has a fifty-two week low of $145.18 and a fifty-two week high of $329.00. The company has a current ratio of 3.13, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. The company has a market cap of $7,942.35, a PE ratio of 26.91 and a beta of 0.82.

In other Coherent news, Director Stephen A. Skaggs sold 500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $308.97, for a total transaction of $154,485.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at approximately $3,398,670. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Paul F. Sechrist sold 1,372 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $300.00, for a total transaction of $411,600.00. Following the transaction, the executive vice president now owns 2,497 shares in the company, valued at $749,100. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,788 shares of company stock worth $5,901,628. Corporate insiders own 1.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. raised its position in shares of Coherent by 3.1% in 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 acquiring an additional 30 shares during the period. ETRADE Capital Management LLC raised its position in shares of Coherent by 2.2% in the 2nd quarter. ETRADE Capital Management LLC now owns 6,775 shares of the scientific and technical instruments company’s stock valued at $1,524,000 after acquiring an additional 144 shares during the period. Oakbrook Investments LLC raised its position in shares of Coherent by 7.0% in the 4th quarter. Oakbrook Investments LLC now owns 2,435 shares of the scientific and technical instruments company’s stock valued at $687,000 after acquiring an additional 160 shares during the period. Albion Financial Group UT raised its position in shares of Coherent by 3.5% in the 2nd quarter. Albion Financial Group UT now owns 5,386 shares of the scientific and technical instruments company’s stock valued at $1,212,000 after acquiring an additional 180 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Coherent by 10.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 2,060 shares of the scientific and technical instruments company’s stock valued at $485,000 after acquiring an additional 193 shares during the period. Institutional investors own 96.90% of the company’s stock.

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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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