Analysts Anticipate Cooper-Standard Holdings Inc. (CPS) Will Announce Earnings of $2.52 Per Share
Analysts forecast that Cooper-Standard Holdings Inc. (NYSE:CPS) will report earnings of $2.52 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Cooper-Standard Holdings’ earnings, with estimates ranging from $2.37 to $2.65. Cooper-Standard Holdings reported earnings of $2.48 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The company is expected to announce its next earnings results on Monday, October 30th.
According to Zacks, analysts expect that Cooper-Standard Holdings will report full year earnings of $10.68 per share for the current financial year, with EPS estimates ranging from $10.43 to $11.00. For the next fiscal year, analysts expect that the business will post earnings of $11.37 per share, with EPS estimates ranging from $10.50 to $11.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Cooper-Standard Holdings.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.02. The company had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. Cooper-Standard Holdings’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.85 EPS.
CPS has been the subject of a number of research analyst reports. Zacks Investment Research lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. BidaskClub lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, ValuEngine raised Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $109.67.
In related news, insider Aleksandra A. Miziolek sold 865 shares of Cooper-Standard Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total value of $87,365.00. Following the completion of the sale, the insider now directly owns 866 shares in the company, valued at approximately $87,466. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Silver Point Capital L.P. sold 500 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $105.76, for a total value of $52,880.00. The disclosure for this sale can be found here. Insiders have sold 253,865 shares of company stock valued at $26,870,515 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Cooper-Standard Holdings by 6.3% in the second quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock worth $222,489,000 after purchasing an additional 129,820 shares during the last quarter. Vanguard Group Inc. boosted its position in Cooper-Standard Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock worth $205,384,000 after purchasing an additional 68,126 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Cooper-Standard Holdings by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 815,147 shares of the auto parts company’s stock worth $82,224,000 after purchasing an additional 21,750 shares during the last quarter. LSV Asset Management boosted its position in Cooper-Standard Holdings by 5.7% in the second quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock worth $80,869,000 after purchasing an additional 43,200 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Cooper-Standard Holdings by 2,433.2% in the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock worth $53,149,000 after purchasing an additional 506,102 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cooper-Standard Holdings (CPS) traded up 0.17% during mid-day trading on Thursday, reaching $27.02. 5,593 shares of the company’s stock were exchanged. Cooper-Standard Holdings has a one year low of $26.97 and a one year high of $118.59. The stock has a 50-day moving average of $100.99 and a 200 day moving average of $106.14. The firm has a market capitalization of $479.17 million, a P/E ratio of 3.40 and a beta of 0.73.
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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