Coherent (COHR) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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Coherent (NASDAQ:COHR) announced its earnings results on Tuesday, January 29th. The scientific and technical instruments company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02, Bloomberg Earnings reports. The firm had revenue of $383.15 million during the quarter, compared to analysts’ expectations of $382.65 million. Coherent had a return on equity of 22.05% and a net margin of 13.33%.

COHR stock traded up $1.20 during midday trading on Thursday, reaching $129.89. The company had a trading volume of 258,681 shares, compared to its average volume of 405,781. The company has a quick ratio of 1.95, a current ratio of 3.26 and a debt-to-equity ratio of 0.31. Coherent has a fifty-two week low of $90.10 and a fifty-two week high of $233.93. The company has a market cap of $3.13 billion, a P/E ratio of 9.96 and a beta of 1.53.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Coherent from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. BidaskClub upgraded Coherent from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Northcoast Research reissued a “hold” rating on shares of Coherent in a research report on Tuesday, January 29th. Needham & Company LLC lowered Coherent from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Benchmark dropped their target price on Coherent from $216.00 to $212.00 and set a “buy” rating on the stock in a research report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $175.71.

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About Coherent

Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through 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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Earnings History for Coherent (NASDAQ:COHR)

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