Cooper Companies Inc (NYSE:COO) – Investment analysts at Northcoast Research lifted their Q1 2018 earnings estimates for shares of Cooper Companies in a research report issued on Wednesday. Northcoast Research analyst D. Keiser now forecasts that the medical device company will post earnings per share of $2.55 for the quarter, up from their previous forecast of $2.48. Northcoast Research also issued estimates for Cooper Companies’ Q2 2018 earnings at $3.02 EPS.

Cooper Companies (NYSE:COO) last issued its earnings results on Thursday, December 7th. The medical device company reported $2.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.64 by $0.01. Cooper Companies had a net margin of 17.43% and a return on equity of 16.02%. The firm had revenue of $561.50 million during the quarter, compared to the consensus estimate of $558.86 million. During the same quarter in the prior year, the firm earned $2.28 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Oppenheimer set a $250.00 price target on shares of Cooper Companies and gave the company a “hold” rating in a report on Friday, December 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $265.00 price target (down previously from $275.00) on shares of Cooper Companies in a report on Friday, December 8th. KeyCorp reiterated a “hold” rating on shares of Cooper Companies in a report on Friday, October 20th. Finally, Robert W. Baird set a $273.00 target price on shares of Cooper Companies and gave the stock a “buy” rating in a report on Monday, October 16th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Cooper Companies presently has a consensus rating of “Buy” and a consensus price target of $259.70.

Shares of Cooper Companies (COO) traded up $0.33 during trading hours on Friday, reaching $235.52. 578,300 shares of the company’s stock traded hands, compared to its average volume of 547,517. Cooper Companies has a 1 year low of $179.41 and a 1 year high of $256.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.41 and a quick ratio of 1.26. The company has a market capitalization of $11,620.00, a P/E ratio of 31.32, a PEG ratio of 1.90 and a beta of 0.54.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 23rd will be given a $0.03 dividend. This represents a dividend yield of 0.03%. The ex-dividend date is Monday, January 22nd. Cooper Companies’s payout ratio is presently 0.80%.

In other Cooper Companies news, CEO Robert S. Weiss sold 32,500 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $224.70, for a total transaction of $7,302,750.00. Following the sale, the chief executive officer now directly owns 119,111 shares in the company, valued at $26,764,241.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Allan E. Rubenstein sold 500 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $222.00, for a total transaction of $111,000.00. Following the sale, the director now owns 6,590 shares in the company, valued at $1,462,980. The disclosure for this sale can be found here. Insiders sold 54,385 shares of company stock worth $12,289,463 over the last three months. Insiders own 1.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Cooper Companies by 4.5% in the 2nd quarter. BlackRock Inc. now owns 3,210,032 shares of the medical device company’s stock valued at $768,546,000 after purchasing an additional 138,395 shares during the period. Stevens Capital Management LP acquired a new position in Cooper Companies in the second quarter valued at about $1,043,000. Profund Advisors LLC boosted its position in Cooper Companies by 6.1% in the second quarter. Profund Advisors LLC now owns 2,184 shares of the medical device company’s stock valued at $523,000 after buying an additional 125 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Cooper Companies by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 12,410 shares of the medical device company’s stock worth $2,971,000 after acquiring an additional 40 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its stake in shares of Cooper Companies by 66.4% in the second quarter. Quantitative Investment Management LLC now owns 49,600 shares of the medical device company’s stock worth $11,875,000 after acquiring an additional 19,800 shares during the last quarter. Hedge funds and other institutional investors own 96.73% of the company’s stock.

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Cooper Companies Company Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Earnings History and Estimates for Cooper Companies (NYSE:COO)

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