Brokerages expect The Cooper Companies, Inc. (NYSE:COO) to post $627.06 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for The Cooper Companies’ earnings. The highest sales estimate is $637.33 million and the lowest is $621.00 million. The Cooper Companies reported sales of $522.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The business is scheduled to issue its next quarterly earnings report on Thursday, June 7th.
According to Zacks, analysts expect that The Cooper Companies will report full-year sales of $2.53 billion for the current financial year, with estimates ranging from $2.52 billion to $2.55 billion. For the next fiscal year, analysts expect that the business will post sales of $2.70 billion per share, with estimates ranging from $2.68 billion to $2.73 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover The Cooper Companies.
The Cooper Companies (NYSE:COO) last released its earnings results on Thursday, March 8th. The medical device company reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.28. The Cooper Companies had a return on equity of 16.90% and a net margin of 7.83%. The company had revenue of $590.00 million for the quarter, compared to the consensus estimate of $583.07 million. During the same quarter last year, the business posted $1.93 EPS. The Cooper Companies’s quarterly revenue was up 18.2% compared to the same quarter last year.
A number of research analysts have commented on the company. Goldman Sachs assumed coverage on The Cooper Companies in a report on Wednesday, April 4th. They set a “neutral” rating and a $231.00 target price on the stock. Oppenheimer set a $265.00 target price on The Cooper Companies and gave the stock a “hold” rating in a report on Thursday, March 29th. TheStreet downgraded The Cooper Companies from a “b” rating to a “c” rating in a report on Thursday, March 8th. BMO Capital Markets reissued an “outperform” rating and issued a $280.00 price target (up previously from $277.00) on shares of The Cooper Companies in a report on Friday, March 9th. Finally, Stephens reissued a “hold” rating and issued a $270.00 price target on shares of The Cooper Companies in a report on Friday, March 9th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The Cooper Companies has an average rating of “Hold” and an average price target of $264.18.
NYSE:COO traded down $0.66 during trading hours on Tuesday, reaching $227.34. 415,572 shares of the stock were exchanged, compared to its average volume of 489,417. The company has a quick ratio of 1.61, a current ratio of 2.83 and a debt-to-equity ratio of 0.75. The Cooper Companies has a 52 week low of $194.55 and a 52 week high of $260.26. The company has a market cap of $10,851.86, a PE ratio of 23.44, a P/E/G ratio of 1.74 and a beta of 0.62.
In other The Cooper Companies news, Director Michael Kalkstein sold 1,715 shares of The Cooper Companies stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $221.66, for a total transaction of $380,146.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Carol R. Kaufman sold 13,362 shares of The Cooper Companies stock in a transaction on Monday, March 12th. The shares were sold at an average price of $243.88, for a total value of $3,258,724.56. Following the sale, the executive vice president now directly owns 59,305 shares in the company, valued at approximately $14,463,303.40. The disclosure for this sale can be found here. In the last three months, insiders sold 51,846 shares of company stock worth $12,549,839. Company insiders own 1.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. BB&T Investment Services Inc. raised its stake in The Cooper Companies by 71.0% during the 4th quarter. BB&T Investment Services Inc. now owns 542 shares of the medical device company’s stock valued at $119,000 after acquiring an additional 225 shares in the last quarter. Virtue Capital Management LLC bought a new stake in The Cooper Companies during the 4th quarter valued at $195,000. CAPROCK Group Inc. bought a new stake in The Cooper Companies during the 4th quarter valued at $222,000. FNY Managed Accounts LLC bought a new stake in The Cooper Companies during the 4th quarter valued at $217,000. Finally, Everence Capital Management Inc. bought a new stake in The Cooper Companies during the 4th quarter valued at $253,000. 98.53% of the stock is currently owned by hedge funds and other institutional investors.
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The Cooper Companies Company Profile
The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.
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