Equities research analysts expect Coherent, Inc. (NASDAQ:COHR) to announce sales of $476.15 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Coherent’s earnings. The highest sales estimate is $477.30 million and the lowest is $475.00 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 announce 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 firm 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 sell-side research firms that that provide coverage for Coherent.
Coherent (NASDAQ:COHR) last released its quarterly earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.48 by $0.24. Coherent had a return on equity of 28.53% and a net margin of 12.02%. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $475.24 million. During the same period in the previous year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was up 97.2% compared to the same quarter last year.
Coherent (NASDAQ COHR) traded down $1.66 during trading on Monday, hitting $318.35. The company had a trading volume of 245,300 shares, compared to its average volume of 411,992. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.13 and a quick ratio of 2.14. Coherent has a fifty-two week low of $146.40 and a fifty-two week high of $329.00. The company has a market capitalization of $7,900.00, a PE ratio of 37.85 and a beta of 0.82.
In other news, Director Sandeep Vij sold 4,400 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $292.79, for a total value of $1,288,276.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $154,485.00. Following the completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at $3,398,670. The disclosure for this sale can be found here. Insiders have sold a total of 19,788 shares of company stock valued at $5,901,628 over the last three months. Company insiders own 1.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its stake 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 last quarter. 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 valued at $238,000 after acquiring an additional 524 shares during the last quarter. 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 valued at $263,000 after acquiring an additional 496 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in shares of Coherent in the 2nd quarter valued at about $271,000. Finally, Petrus Trust Company LTA bought a new stake in shares of Coherent in the 2nd quarter valued at about $292,000. 96.46% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/22/coherent-inc-cohr-expected-to-post-quarterly-sales-of-476-15-million.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Coherent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coherent and related companies with MarketBeat.com's FREE daily email newsletter.