The Cooper Companies, Inc. (COO) Issues 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 $7.34-7.44 for the period, compared to the Thomson Reuters consensus estimate of $6.98, Stock Ratings Network reports. The company issued revenue guidance of $1.725-1.740 billion, compared to the consensus revenue estimate of $1.73 billion.The Cooper Companies also updated its Q4 guidance to $2.00-2.10 EPS.
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 a related note, 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 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 Cooper Companies presently has a consensus rating of Hold and an average target price of $152.29.
The Cooper Companies, Inc. (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, Inc. has a 52-week low of $116.95 and a 52-week high of $164.85. The stock has a 50-day moving average of $159.3 and a 200-day moving average of $140.. The company has a market cap of $7.716 billion and a P/E ratio of 26.75.
The Cooper Companies (NYSE:COO) last announced its earnings results on Thursday, September 4th. The company reported $1.80 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.90 by $0.10. The company had revenue of $432.50 million for the quarter, compared to the consensus estimate of $443.70 million. During the same quarter last year, the company posted $1.74 earnings per share. The Cooper Companies’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that The Cooper Companies, Inc. will post $6.84 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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