Analysts Anticipate Coherent, Inc. (COHR) Will Post Earnings of $3.54 Per Share

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.

In related news, EVP Paul F. Sechrist sold 1,372 shares of the 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 completion of the transaction, the executive vice president now directly owns 2,497 shares of the company’s stock, valued at $749,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bret Dimarco sold 5,819 shares of the stock in a transaction dated Thursday, November 9th. The stock was 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. Insiders have sold 19,788 shares of company stock valued at $5,901,628 over the last three months. 0.97% of the stock is currently owned by corporate insiders.

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.

COPYRIGHT VIOLATION WARNING: “Analysts Anticipate Coherent, Inc. (COHR) Will Post Earnings of $3.54 Per Share” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/06/analysts-anticipate-coherent-inc-cohr-will-post-earnings-of-3-54-per-share.html.

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).

Get a free copy of the Zacks research report on Coherent (COHR)

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.

Leave a Reply