Coherent, Inc. is set to announce its quarterly earnings on Tuesday, May 5th, with a consensus estimate EPS of 1.41.
Today, Coherent, Inc. (COHR) experienced a sharp decline in price by 8.8%, now trading at $293.25. Trading volume surged to $3.26 million, 43.29% above the average.
COHR has seen a three-day streak of declining prices, with a total drop of $57.22, representing a 16.33% decrease from the starting price of $350.47.
In the latest quarterly report announced on Tuesday, February 3rd, Coherent, Inc. reported an EPS of 1.22.
Citigroup recently upgraded COHR from a "Buy" to a "Hold" rating on April 21st, with the stock priced at $347.51 during the upgrade.
The company reported a net change in cash of -$24.10 million, with operating cash flow at $57.9 million and capital expenditure at -$153.60 million.
Coherent, Inc. reported a net income of $147 million, with an EPS of 87 cents and a diluted EPS of 76 cents.
Key ratios include a net profit margin of 8.72%, return on equity of 1.72, and a price-to-earnings ratio of 48.81.
The balance sheet shows total assets at $15 billion, total liabilities at $6.20 billion, and net debt at $2.68 billion.
This financial report highlights COHR's recent challenges in price performance alongside the notable analyst upgrade, setting the stage for the upcoming earnings release.
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. Its products are used for applications in microelectronics, materials processing, OEM components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California. As of July 1, 2022, Coherent, Inc. operates as a subsidiary of II-VI Incorporated.