Cooper Companies, Inc. (The) (COO) Updates FY17 Earnings Guidance
Cooper Companies, Inc. (The) (NYSE:COO) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $9.66-9.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.63. The company issued revenue guidance of $2.13-2.14 billion, compared to the consensus revenue estimate of $2.13 billion.Cooper Companies, Inc. (The) also updated its Q4 guidance to $2.60-2.70 EPS.
Several equities research analysts recently issued reports on the company. Oppenheimer Holdings, Inc. set a $225.00 price target on Cooper Companies, Inc. (The) and gave the stock a hold rating in a report on Saturday, June 3rd. Guggenheim assumed coverage on Cooper Companies, Inc. (The) in a report on Thursday, June 29th. They set a neutral rating for the company. Jefferies Group LLC reiterated a buy rating and set a $250.00 price target on shares of Cooper Companies, Inc. (The) in a report on Thursday, July 6th. Zacks Investment Research upgraded Cooper Companies, Inc. (The) from a hold rating to a buy rating and set a $274.00 price target for the company in a report on Friday, June 23rd. Finally, Stifel Nicolaus upped their price target on Cooper Companies, Inc. (The) from $220.00 to $231.00 and gave the stock a buy rating in a report on Friday, June 2nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $242.33.
Shares of Cooper Companies, Inc. (NYSE COO) traded up 1.92% on Thursday, reaching $250.83. The company’s stock had a trading volume of 593,848 shares. Cooper Companies, Inc. has a 52-week low of $158.73 and a 52-week high of $256.39. The stock has a 50-day moving average of $246.40 and a 200 day moving average of $219.29. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 37.61 and a beta of 0.61.
Cooper Companies, Inc. (The) (NYSE:COO) last posted its quarterly earnings results on Thursday, June 1st. The medical device company reported $2.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.25 by $0.25. Cooper Companies, Inc. (The) had a return on equity of 15.88% and a net margin of 16.02%. The firm had revenue of $522.40 million during the quarter, compared to analysts’ expectations of $520.71 million. During the same quarter in the previous year, the business earned $2.05 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that Cooper Companies, Inc. will post $9.64 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 21st were paid a $0.03 dividend. This represents a dividend yield of 0.02%. The ex-dividend date was Wednesday, July 19th. Cooper Companies, Inc. (The)’s dividend payout ratio is currently 0.90%.
In related news, CEO Paul L. Remmell sold 9,294 shares of Cooper Companies, Inc. (The) stock in a transaction on Friday, July 14th. The stock was sold at an average price of $248.46, for a total value of $2,309,187.24. Following the completion of the sale, the chief executive officer now owns 6,186 shares of the company’s stock, valued at $1,536,973.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stanley Md Zinberg sold 816 shares of Cooper Companies, Inc. (The) stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $243.14, for a total value of $198,402.24. The disclosure for this sale can be found here. Insiders sold 67,331 shares of company stock valued at $16,400,454 in the last 90 days. Company insiders own 1.60% of the company’s stock.
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About Cooper Companies, Inc. (The)
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.
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