Coherent (COHR) to Release Earnings on Tuesday

Coherent (NASDAQ:COHR) is set to issue its quarterly earnings data after the market closes on Tuesday, November 6th. Analysts expect the company to announce earnings of $3.39 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

COHR opened at $135.07 on Friday. Coherent has a 52-week low of $115.53 and a 52-week high of $329.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.87 and a current ratio of 3.28. The stock has a market cap of $3.28 billion, a PE ratio of 9.86 and a beta of 1.37.

In other news, EVP Mark Stewart Sobey sold 13,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $181.86, for a total transaction of $2,364,180.00. Following the transaction, the executive vice president now owns 17,887 shares in the company, valued at $3,252,929.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

COHR has been the topic of several recent analyst reports. BidaskClub upgraded shares of Coherent from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Stifel Nicolaus cut their price objective on shares of Coherent from $218.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, July 27th. Zacks Investment Research downgraded shares of Coherent from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 31st. ValuEngine upgraded shares of Coherent from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Benchmark restated a “buy” rating and set a $216.00 price objective (down previously from $242.00) on shares of Coherent in a report on Wednesday, August 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $218.57.

About Coherent

Coherent, Inc provides lasers and laser-based technology in a range of scientific, commercial, and industrial applications worldwide. It operates through two segments, Specialty Lasers and Systems, and Commercial Lasers and Components. The company designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories.

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Earnings History for Coherent (NASDAQ:COHR)

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