$3.40 EPS Expected for Coherent, Inc. (COHR)

October 13, 2018 - By Michael Collier

Coherent, Inc. (NASDAQ:COHR) LogoInvestors sentiment decreased to 0.85 in Q2 2018. Its down 0.31, from 1.16 in 2018Q1. It fall, as 70 investors sold Coherent, Inc. shares while 85 reduced holdings. 46 funds opened positions while 86 raised stakes. 22.05 million shares or 4.47% less from 23.08 million shares in 2018Q1 were reported.
6,410 are owned by Aurora Counsel. Trellus Mngmt Ltd Liability Company reported 4,300 shares stake. Bangor Natl Bank has invested 0.18% in Coherent, Inc. (NASDAQ:COHR). Moreover, California State Teachers Retirement System has 0.01% invested in Coherent, Inc. (NASDAQ:COHR). Twin Tree Mngmt Lp has invested 0.03% in Coherent, Inc. (NASDAQ:COHR). Massmutual Trust Fsb Adv, Connecticut-based fund reported 7 shares. Rhumbline Advisers invested 0.02% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Banque Pictet & Cie Sa invested in 0.01% or 2,000 shares. Ameritas Invest Ptnrs Inc reported 7,369 shares or 0.06% of all its holdings. Louisiana State Employees Retirement Systems accumulated 6,700 shares. Aqr Cap Mgmt Ltd Liability Co holds 0.04% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 269,387 shares. Arizona State Retirement Systems holds 17,269 shares. Employees Retirement Sys Of Texas has 0.03% invested in Coherent, Inc. (NASDAQ:COHR). Tealwood Asset Mgmt accumulated 19,614 shares or 1.2% of the stock. Macquarie Grp Inc holds 0% in Coherent, Inc. (NASDAQ:COHR) or 16,195 shares.

Since August 14, 2018, it had 0 insider buys, and 1 insider sale for $2.36 million activity.

Analysts expect Coherent, Inc. (NASDAQ:COHR) to report $3.40 EPS on November, 6.They anticipate $0.18 EPS change or 5.03 % from last quarter’s $3.58 EPS. COHR’s profit would be $82.61 million giving it 9.75 P/E if the $3.40 EPS is correct. After having $3.21 EPS previously, Coherent, Inc.’s analysts see 5.92 % EPS growth. The stock increased 0.62% or $0.82 during the last trading session, reaching $132.57. About 698,140 shares traded or 60.49% up from the average. Coherent, Inc. (NASDAQ:COHR) has declined 30.39% since October 13, 2017 and is downtrending. It has underperformed by 46.01% the S&P500.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Among 3 analysts covering Coherent (NASDAQ:COHR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Coherent had 4 analyst reports since May 2, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Longbow given on Tuesday, October 9. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, May 10. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 27. The rating was maintained by Barclays Capital on Wednesday, May 2 with “Overweight”.

Coherent, Inc. provides lasers and laser technology in a range of scientific, commercial, and industrial applications worldwide. The company has market cap of $3.22 billion. It operates through two divisions, Specialty Lasers and Systems, and Commercial Lasers and Components. It has a 13.34 P/E ratio. The firm designs, makes, services, and markets lasers, laser tools, precision optics, and related accessories.

Coherent, Inc. (NASDAQ:COHR) Institutional Positions Chart

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