Cooper-Standard Holdings Inc. (CPS) Expected to Announce Earnings of $2.52 Per Share
Equities research analysts expect Cooper-Standard Holdings Inc. (NYSE:CPS) to post earnings of $2.52 per share for the current quarter, according to Zacks. Four analysts have made estimates for Cooper-Standard Holdings’ earnings, with estimates ranging from $2.37 to $2.65. Cooper-Standard Holdings posted earnings of $2.48 per share in the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The business is expected to report its next earnings report on Monday, October 30th.
According to Zacks, analysts expect that Cooper-Standard Holdings will report full year earnings of $10.68 per share for the current fiscal year, with EPS estimates ranging from $10.43 to $11.00. For the next year, analysts expect that the firm will report earnings of $11.37 per share, with EPS estimates ranging from $10.50 to $11.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Cooper-Standard Holdings.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. During the same period in the previous year, the business earned $2.85 EPS. Cooper-Standard Holdings’s quarterly revenue was up 3.4% on a year-over-year basis.
CPS has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and set a $117.00 price target on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Bank of America Corporation restated an “underperform” rating and set a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Cooper-Standard Holdings currently has a consensus rating of “Hold” and a consensus price target of $109.67.
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In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $110.47, for a total value of $1,767,520.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Jeffrey S. Edwards sold 17,540 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $108.47, for a total transaction of $1,902,563.80. Following the completion of the transaction, the chairman now owns 67,199 shares in the company, valued at approximately $7,289,075.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 307,698 shares of company stock worth $32,790,093. Company insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPS. BlackRock Inc. raised its position in Cooper-Standard Holdings by 49,408.2% in the first quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock valued at $230,278,000 after buying an additional 2,071,687 shares in the last quarter. Alliancebernstein L.P. raised its position in Cooper-Standard Holdings by 2,433.2% in the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after buying an additional 506,102 shares in the last quarter. Columbia Wanger Asset Management LLC raised its position in Cooper-Standard Holdings by 68.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 483,307 shares of the auto parts company’s stock valued at $53,613,000 after buying an additional 196,395 shares in the last quarter. Vanguard Group Inc. raised its position in Cooper-Standard Holdings by 7.0% in the first quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock valued at $218,311,000 after buying an additional 129,224 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Cooper-Standard Holdings by 23.6% in the second quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock valued at $41,881,000 after buying an additional 79,200 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Cooper-Standard Holdings (CPS) traded down 1.204% during midday trading on Friday, reaching $100.051. The company’s stock had a trading volume of 18,481 shares. The company’s 50-day moving average is $102.39 and its 200 day moving average is $106.87. Cooper-Standard Holdings has a 52 week low of $82.50 and a 52 week high of $118.59. The firm has a market capitalization of $1.77 billion, a P/E ratio of 12.604 and a beta of 0.72.
About Cooper-Standard Holdings
Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.
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