Brokerages Expect Coherent, Inc. (NASDAQ:COHR) Will Post Earnings of $1.17 Per Share


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Analysts predict that Coherent, Inc. (NASDAQ:COHR) will report $1.17 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Coherent’s earnings. The lowest EPS estimate is $1.13 and the highest is $1.20. Coherent reported earnings of $0.61 per share in the same quarter last year, which suggests a positive year over year growth rate of 91.8%. The firm is expected to issue its next quarterly earnings report on Wednesday, May 26th.

According to Zacks, analysts expect that Coherent will report full-year earnings of $5.54 per share for the current year, with EPS estimates ranging from $5.52 to $5.56. For the next fiscal year, analysts expect that the firm will report earnings of $8.82 per share, with EPS estimates ranging from $8.70 to $8.94. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Coherent.

Coherent (NASDAQ:COHR) last released its quarterly earnings results on Tuesday, February 9th. The scientific and technical instruments company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.20. The business had revenue of $326.05 million during the quarter, compared to analyst estimates of $318.22 million. Coherent had a negative net margin of 33.70% and a positive return on equity of 3.41%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS.

COHR has been the subject of a number of recent analyst reports. Benchmark lowered shares of Coherent from a “buy” rating to a “hold” rating in a report on Thursday, February 11th. Zacks Investment Research lowered shares of Coherent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 13th. TheStreet raised shares of Coherent from a “d+” rating to a “c-” rating in a report on Friday, January 29th. Berenberg Bank lowered shares of Coherent from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a report on Thursday, January 21st. Finally, Barclays raised shares of Coherent from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 20th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Coherent presently has an average rating of “Hold” and an average price target of $188.13.

Several hedge funds and other institutional investors have recently bought and sold shares of COHR. Morgan Stanley boosted its holdings in shares of Coherent by 26.6% in the 3rd quarter. Morgan Stanley now owns 57,429 shares of the scientific and technical instruments company’s stock valued at $6,370,000 after buying an additional 12,055 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Coherent in the 3rd quarter valued at about $302,000. Pekin Hardy Strauss Inc. boosted its holdings in shares of Coherent by 377.8% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 44,590 shares of the scientific and technical instruments company’s stock valued at $4,946,000 after buying an additional 35,258 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Coherent by 10.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 48,432 shares of the scientific and technical instruments company’s stock valued at $5,372,000 after buying an additional 4,721 shares during the period. Finally, Brinker Capital Investments LLC acquired a new position in shares of Coherent in the 3rd quarter valued at about $580,000. 91.82% of the stock is owned by institutional investors and hedge funds.

COHR traded down $3.02 during trading hours on Tuesday, reaching $256.52. 268,015 shares of the stock traded hands, compared to its average volume of 516,745. The firm’s fifty day simple moving average is $261.82 and its two-hundred day simple moving average is $192.37. The company has a market cap of $6.28 billion, a price-to-earnings ratio of -14.95 and a beta of 1.54. Coherent has a fifty-two week low of $103.00 and a fifty-two week high of $270.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.52 and a quick ratio of 2.93.

Coherent Company Profile

Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.

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