Equities research analysts expect Cooper Companies Inc (NYSE:COO) to report earnings of $2.57 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Cooper Companies’ earnings. The lowest EPS estimate is $2.42 and the highest is $2.87. Cooper Companies reported earnings per share of $2.79 in the same quarter last year, which would indicate a negative year over year growth rate of 7.9%. The company is scheduled to report its next quarterly earnings results on Thursday, March 14th.
On average, analysts expect that Cooper Companies will report full-year earnings of $11.94 per share for the current fiscal year, with EPS estimates ranging from $11.51 to $12.72. For the next financial year, analysts expect that the firm will post earnings of $13.39 per share, with EPS estimates ranging from $12.85 to $13.76. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Cooper Companies.
Cooper Companies (NYSE:COO) last released its quarterly earnings data on Thursday, December 6th. The medical device company reported $2.87 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.09). Cooper Companies had a net margin of 5.52% and a return on equity of 17.86%. The business had revenue of $651.50 million during the quarter, compared to analysts’ expectations of $645.25 million. During the same quarter in the previous year, the company posted $2.65 EPS. The company’s revenue was up 16.0% compared to the same quarter last year.
COO has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on Cooper Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 31st. Oppenheimer set a $270.00 price objective on Cooper Companies and gave the company a “hold” rating in a report on Friday, August 31st. Raymond James increased their price objective on Cooper Companies from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 21st. KeyCorp dropped their price objective on Cooper Companies from $298.00 to $296.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Zacks Investment Research downgraded Cooper Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $284.50.
In related news, COO Daniel G. Mcbride sold 10,310 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $264.44, for a total value of $2,726,376.40. Following the completion of the sale, the chief operating officer now directly owns 38,705 shares of the company’s stock, valued at approximately $10,235,150.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Randal Golden sold 1,731 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $275.86, for a total value of $477,513.66. Following the completion of the sale, the vice president now directly owns 1,154 shares of the company’s stock, valued at $318,342.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,691 shares of company stock valued at $5,527,869. Insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Resources Management Corp CT ADV acquired a new stake in Cooper Companies during the 3rd quarter worth approximately $203,000. Engineers Gate Manager LP acquired a new stake in Cooper Companies during the 3rd quarter worth approximately $208,000. Zeke Capital Advisors LLC acquired a new stake in Cooper Companies during the 3rd quarter worth approximately $209,000. Boston Private Wealth LLC acquired a new stake in Cooper Companies during the 3rd quarter worth approximately $213,000. Finally, Raymond James Trust N.A. acquired a new stake in Cooper Companies during the 3rd quarter worth approximately $214,000.
Shares of COO traded down $34.02 during mid-day trading on Friday, reaching $243.01. The company’s stock had a trading volume of 1,253,678 shares, compared to its average volume of 333,174. Cooper Companies has a 12-month low of $216.47 and a 12-month high of $283.18. The company has a market cap of $13.61 billion, a P/E ratio of 21.13, a PEG ratio of 2.13 and a beta of 0.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.54 and a current ratio of 2.58.
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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