Q3 2017 EPS Estimates for Cooper-Standard Holdings Inc. Reduced by Analyst (CPS)
Cooper-Standard Holdings Inc. (NYSE:CPS) – Stock analysts at KeyCorp dropped their Q3 2017 EPS estimates for Cooper-Standard Holdings in a research report issued on Sunday. KeyCorp analyst B. Hoselton now forecasts that the auto parts company will post earnings per share of $2.37 for the quarter, down from their previous estimate of $2.44. KeyCorp also issued estimates for Cooper-Standard Holdings’ Q4 2017 earnings at $2.78 EPS, FY2017 earnings at $10.70 EPS and FY2018 earnings at $11.42 EPS.
Cooper-Standard Holdings (NYSE:CPS) last posted its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The business had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. During the same quarter in the prior year, the firm earned $2.85 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/08/08/q3-2017-eps-estimates-for-cooper-standard-holdings-inc-reduced-by-analyst-cps.html.
A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine cut Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Bank of America Corporation reiterated an “underperform” rating and issued a $85.00 target price (down previously from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $117.00 target price on shares of Cooper-Standard Holdings in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Cooper-Standard Holdings has a consensus rating of “Hold” and a consensus price target of $109.43.
Shares of Cooper-Standard Holdings (CPS) opened at 101.33 on Tuesday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 12.74 and a beta of 0.72. The stock has a 50 day moving average of $102.98 and a 200 day moving average of $107.49. Cooper-Standard Holdings has a 12-month low of $82.50 and a 12-month high of $118.59.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Cooper-Standard Holdings by 49,408.2% in the first quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock valued at $230,278,000 after buying an additional 2,071,687 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its stake in shares of Cooper-Standard Holdings by 68.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 483,307 shares of the auto parts company’s stock valued at $53,613,000 after buying an additional 196,395 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Cooper-Standard Holdings by 7.0% in the first quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock valued at $218,311,000 after buying an additional 129,224 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Cooper-Standard Holdings by 713.4% in the second quarter. Acadian Asset Management LLC now owns 80,533 shares of the auto parts company’s stock valued at $8,123,000 after buying an additional 70,632 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Cooper-Standard Holdings by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 793,397 shares of the auto parts company’s stock valued at $88,011,000 after buying an additional 62,329 shares during the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.
In other news, insider Sharon Wenzl sold 293 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $108.17, for a total transaction of $31,693.81. Following the sale, the insider now directly owns 1,583 shares in the company, valued at $171,233.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 10,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $112.66, for a total value of $1,126,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 319,122 shares of company stock worth $34,081,804. Company insiders own 3.90% of the company’s stock.
About Cooper-Standard Holdings
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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