Coherent (NASDAQ:COHR – Get Rating) announced its earnings results on Wednesday. The scientific and technical instruments company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.58), MarketWatch Earnings reports. Coherent had a net margin of 7.47% and a return on equity of 15.99%.
COHR stock traded up $2.15 during trading on Friday, hitting $269.42. The stock had a trading volume of 177,953 shares, compared to its average volume of 252,832. Coherent has a 1-year low of $222.04 and a 1-year high of $278.34. The company’s 50 day moving average price is $267.45 and its two-hundred day moving average price is $263.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.14 and a current ratio of 3.28. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 58.19 and a beta of 1.31.
Separately, StockNews.com started coverage on shares of Coherent in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $272.00.
Coherent Company Profile (Get Rating)
Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of commercial, industrial, and scientific research applications. It operates in two segments, Original Equipment Manufacturers (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.
- Get a free copy of the StockNews.com research report on Coherent (COHR)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for Coherent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coherent and related companies with MarketBeat.com's FREE daily email newsletter.