The Cooper Companies, Inc. (COO) Releases Q4 Earnings Guidance
The Cooper Companies, Inc. (NYSE:COO) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus estimate of $1.91, Analyst Ratings Network.com reports. The company issued revenue guidance of $477-490 million, compared to the consensus revenue estimate of $464.53 million.The Cooper Companies also updated its FY14 guidance to $7.34-7.44 EPS.
Shares of 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 1-year low of $116.95 and a 1-year 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 price-to-earnings ratio of 26.75.
The Cooper Companies (NYSE:COO) last released its earnings data on Thursday, September 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the 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 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. Analysts expect that The Cooper Companies, Inc. will post $6.84 EPS for the current fiscal year.
A number of research firms have recently commented on COO. 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 analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.