Equities analysts expect that Cooper-Standard Holdings Inc (NYSE:CPS) will post $815.00 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Cooper-Standard’s earnings, with the lowest sales estimate coming in at $810.00 million and the highest estimate coming in at $820.00 million. Cooper-Standard posted sales of $928.26 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.2%. The company is scheduled to announce its next quarterly earnings report on Tuesday, July 30th.
According to Zacks, analysts expect that Cooper-Standard will report full-year sales of $3.38 billion for the current year, with estimates ranging from $3.35 billion to $3.40 billion. For the next year, analysts anticipate that the firm will post sales of $3.42 billion, with estimates ranging from $3.39 billion to $3.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Cooper-Standard.
Cooper-Standard (NYSE:CPS) last released its earnings results on Wednesday, May 1st. The auto parts company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.33). The firm had revenue of $880.00 million during the quarter, compared to the consensus estimate of $887.56 million. Cooper-Standard had a net margin of 1.34% and a return on equity of 12.38%. Cooper-Standard’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.45 earnings per share.
A number of analysts have recently weighed in on CPS shares. Zacks Investment Research downgraded shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 23rd. ValuEngine cut shares of Cooper-Standard from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Bank of America restated an “underperform” rating and issued a $40.00 price target (down from $63.00) on shares of Cooper-Standard in a research report on Wednesday, February 20th. Roth Capital decreased their price target on shares of Cooper-Standard from $76.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Seaport Global Securities began coverage on shares of Cooper-Standard in a research note on Wednesday, February 13th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Cooper-Standard has a consensus rating of “Hold” and a consensus price target of $61.00.
NYSE:CPS traded down $1.68 during mid-day trading on Monday, hitting $37.76. 53,824 shares of the company’s stock were exchanged, compared to its average volume of 214,019. The company has a market cap of $690.99 million, a PE ratio of 4.30 and a beta of 1.34. Cooper-Standard has a fifty-two week low of $38.94 and a fifty-two week high of $146.77. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.44 and a quick ratio of 1.24.
In other Cooper-Standard news, CFO Jonathan P. Banas acquired 1,000 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were purchased at an average cost of $59.99 per share, with a total value of $59,990.00. Following the completion of the purchase, the chief financial officer now owns 1,583 shares of the company’s stock, valued at $94,964.17. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sharon Wenzl sold 600 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $52.62, for a total transaction of $31,572.00. Following the completion of the transaction, the insider now directly owns 1,004 shares in the company, valued at $52,830.48. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. boosted its position in shares of Cooper-Standard by 13.6% in the first quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock valued at $106,000 after acquiring an additional 270 shares during the period. NumerixS Investment Technologies Inc boosted its stake in Cooper-Standard by 100.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the auto parts company’s stock worth $134,000 after purchasing an additional 1,400 shares in the last quarter. Ramsey Quantitative Systems bought a new position in Cooper-Standard in the 4th quarter worth about $154,000. Commonwealth Bank of Australia boosted its stake in Cooper-Standard by 28.6% in the 4th quarter. Commonwealth Bank of Australia now owns 2,700 shares of the auto parts company’s stock worth $167,000 after purchasing an additional 600 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Cooper-Standard in the 1st quarter worth about $182,000. 94.98% of the stock is currently owned by hedge funds and other institutional investors.
Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.
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