Equities research analysts forecast that Coherent, Inc. (NASDAQ:COHR) will post sales of $364.50 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Coherent’s earnings. The lowest sales estimate is $360.00 million and the highest is $369.00 million. Coherent reported sales of $481.12 million during the same quarter last year, which indicates a negative year-over-year growth rate of 24.2%. The company is expected to report its next quarterly earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Coherent will report full-year sales of $1.56 billion for the current year, with estimates ranging from $1.54 billion to $1.58 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.72 billion, with estimates ranging from $1.65 billion to $1.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Coherent.

Coherent (NASDAQ:COHR) last announced its quarterly earnings data on Tuesday, January 29th. The scientific and technical instruments company reported $2.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.02. The company had revenue of $383.15 million for the quarter, compared to analysts’ expectations of $382.65 million. Coherent had a net margin of 13.33% and a return on equity of 22.05%.

Several research analysts have recently weighed in on the stock. Northcoast Research reissued a “hold” rating on shares of Coherent in a research report on Monday, November 19th. Vertical Group assumed coverage on shares of Coherent in a research report on Tuesday, November 27th. They issued a “buy” rating on the stock. BidaskClub raised shares of Coherent from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. Benchmark reissued a “buy” rating and issued a $162.00 target price (down from $212.00) on shares of Coherent in a research report on Wednesday, January 30th. Finally, Needham & Company LLC downgraded shares of Coherent from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Coherent presently has a consensus rating of “Hold” and a consensus price target of $175.71.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its position in Coherent by 59.3% during the fourth quarter. American Century Companies Inc. now owns 230,799 shares of the scientific and technical instruments company’s stock valued at $24,398,000 after purchasing an additional 85,952 shares in the last quarter. Geode Capital Management LLC grew its position in Coherent by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 264,429 shares of the scientific and technical instruments company’s stock valued at $27,952,000 after purchasing an additional 17,200 shares in the last quarter. Norges Bank purchased a new position in Coherent during the fourth quarter valued at approximately $19,264,000. Dimensional Fund Advisors LP grew its position in Coherent by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 299,361 shares of the scientific and technical instruments company’s stock valued at $31,643,000 after purchasing an additional 55,778 shares in the last quarter. Finally, FMR LLC grew its position in Coherent by 26.9% during the fourth quarter. FMR LLC now owns 30,651 shares of the scientific and technical instruments company’s stock valued at $3,240,000 after purchasing an additional 6,498 shares in the last quarter. 96.43% of the stock is currently owned by hedge funds and other institutional investors.

Coherent stock opened at $135.35 on Tuesday. The company has a market capitalization of $3.36 billion, a PE ratio of 10.38 and a beta of 1.59. The company has a current ratio of 3.26, a quick ratio of 1.95 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 $223.67.

Coherent Company Profile

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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