Analysts expect Coherent, Inc. (NASDAQ:COHR) to post earnings per share of $3.54 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Coherent’s earnings. The highest EPS estimate is $3.55 and the lowest is $3.53. Coherent reported earnings per share of $2.57 during the same quarter last year, which would indicate a positive year over year growth rate of 37.7%. The company is expected to announce its next earnings report after the market closes on Wednesday, February 7th.
According to Zacks, analysts expect that Coherent will report full-year earnings of $15.56 per share for the current financial year, with EPS estimates ranging from $15.00 to $16.11. For the next fiscal year, analysts anticipate that the company will report earnings of $18.53 per share, with EPS estimates ranging from $17.75 to $19.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Coherent.
Several brokerages have recently weighed in on COHR. BidaskClub downgraded shares of Coherent from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Barclays set a $332.00 target price on shares of Coherent and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of Coherent from a “hold” rating to a “buy” rating and set a $337.00 target price for the company in a research note on Wednesday, January 10th. Stifel Nicolaus increased their target price on shares of Coherent from $290.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Benchmark increased their target price on shares of Coherent from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $319.22.
A number of institutional investors have recently modified their holdings of the business. Chase Investment Counsel Corp purchased a new position in Coherent in the fourth quarter valued at about $590,000. Emerald Advisers Inc. PA increased its holdings in Coherent by 60.3% in the fourth quarter. Emerald Advisers Inc. PA now owns 4,351 shares of the scientific and technical instruments company’s stock valued at $1,228,000 after buying an additional 1,637 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Coherent in the fourth quarter valued at about $236,000. Aperio Group LLC increased its holdings in Coherent by 3.6% in the fourth quarter. Aperio Group LLC now owns 10,810 shares of the scientific and technical instruments company’s stock valued at $3,051,000 after buying an additional 371 shares in the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new position in Coherent in the fourth quarter valued at about $9,553,000. 96.63% of the stock is owned by institutional investors.
Shares of Coherent (NASDAQ:COHR) opened at $242.51 on Tuesday. Coherent has a 12 month low of $156.83 and a 12 month high of $329.00. The firm has a market cap of $6,020.00, a PE ratio of 28.84 and a beta of 0.65. The company has a current ratio of 3.13, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51.
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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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