The Cooper Companies, Inc. (COO) Releases FY14 Earnings Guidance
The Cooper Companies, Inc. (NYSE:COO) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.80-$7.00 for the period, compared to the Thomson Reuters consensus estimate of $6.83, StockRatingsNetwork reports. The company issued revenue guidance of $1.685-$1.725, compared to the consensus revenue estimate of $1.71 billion.
A number of research firms have recently commented on COO. Analysts at KeyCorp initiated coverage on shares of The Cooper Companies in a research note on Wednesday, April 9th. They set a hold rating on the stock. Analysts at Zacks reiterated a neutral rating on shares of The Cooper Companies in a research note on Wednesday, April 9th. They now have a $137.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $134.50.
The Cooper Companies, Inc. (NYSE:COO) traded up 0.03% during mid-day trading on Thursday, hitting $131.11. 447,707 shares of the company’s stock traded hands. The Cooper Companies, Inc. has a 52 week low of $110.33 and a 52 week high of $145.34. The stock’s 50-day moving average is $131.2 and its 200-day moving average is $128.9. The company has a market cap of $6.275 billion and a price-to-earnings ratio of 22.10.
The Cooper Companies (NYSE:COO) last released its earnings data on Thursday, June 5th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $412.30 million for the quarter, compared to the consensus estimate of $411.41 million. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that The Cooper Companies, Inc. will post $6.83 EPS for the current fiscal year.
The Cooper Companies, Inc is a global medical device company. The Company operates through two business units, CooperVision, Inc and CooperSurgical, Inc CooperVision is a global manufacturer providing products for contact lens wearers.
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