Cooper-Standard Holdings Inc. (CPS) Scheduled to Post Earnings on Thursday
Cooper-Standard Holdings Inc. (NYSE:CPS) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 3rd. Analysts expect Cooper-Standard Holdings to post earnings of $2.66 per share for the quarter.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, May 4th. The auto parts company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.43. Cooper-Standard Holdings had a return on equity of 28.80% and a net margin of 4.27%. The firm had revenue of $902.05 million for the quarter, compared to the consensus estimate of $866.38 million. On average, analysts expect Cooper-Standard Holdings to post $10.79 EPS for the current fiscal year and $11.4 EPS for the next fiscal year.
Cooper-Standard Holdings Inc. (NYSE CPS) opened at 104.17 on Thursday. Cooper-Standard Holdings Inc. has a 52-week low of $82.50 and a 52-week high of $118.59. The company has a 50 day moving average price of $103.83 and a 200 day moving average price of $107.61. The firm has a market capitalization of $1.86 billion, a P/E ratio of 13.09 and a beta of 0.73.
In related news, 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 transaction, the chairman now owns 67,199 shares of the company’s stock, valued at $7,289,075.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Miguel Posada Juan Fernando De sold 2,289 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $110.30, for a total transaction of $252,476.70. Following the transaction, the insider now directly owns 4,689 shares in the company, valued at approximately $517,196.70. The disclosure for this sale can be found here. Insiders have sold 320,033 shares of company stock worth $34,182,652 in the last three months. Insiders own 3.90% of the company’s stock.
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Several equities analysts recently issued reports on CPS shares. Zacks Investment Research downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. Jefferies Group LLC reissued a “hold” rating and set a $117.00 price objective on shares of Cooper-Standard Holdings in a research note on Wednesday, May 3rd. ValuEngine raised shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. Bank of America Corporation reissued an “underperform” rating and set a $85.00 price objective (down previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. Finally, BidaskClub downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $109.43.
Cooper-Standard Holdings Company Profile
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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