The Cooper Companies (COO) Announces Quarterly Earnings, Misses Estimates By $0.10 EPS
The Cooper Companies (NYSE:COO) released its earnings data on Thursday. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by $0.10, American Banking and Market News reports. The company had revenue of $432.50 million for the quarter, compared to the consensus estimate of $443.70 million. During the same quarter in the previous year, the company posted $1.74 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. The Cooper Companies updated its Q4 guidance to $2.00-2.10 EPS and its FY14 guidance to $7.34-7.44 EPS.
Shares of The Cooper Companies (NYSE:COO) traded down 0.21% during mid-day trading on Thursday, hitting $160.95. 753,794 shares of the company’s stock traded hands. The Cooper Companies has a 52 week low of $116.95 and a 52 week high of $164.85. The stock’s 50-day moving average is $159.3 and its 200-day moving average is $140.. The company has a market cap of $7.716 billion and a price-to-earnings ratio of 26.75.
A number of analysts have recently weighed in on COO shares. Analysts at Raymond James raised their price target on shares of The Cooper Companies from $160.00 to $175.00 in a research note on Thursday, August 28th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of The Cooper Companies in a research note on Wednesday, August 27th. They now have a $171.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of The Cooper Companies from $150.00 to $180.00 in a research note on Friday, August 15th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The Cooper Companies currently has a consensus rating of “Hold” and an average price target of $152.29.
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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