Cooper-Standard Holdings Inc. (CPS) Expected to Post Quarterly Sales of $831.98 Million
Equities research analysts expect Cooper-Standard Holdings Inc. (NYSE:CPS) to announce $831.98 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Cooper-Standard Holdings’ earnings, with estimates ranging from $820.00 million to $851.71 million. Cooper-Standard Holdings reported sales of $855.66 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, October 30th.
According to Zacks, analysts expect that Cooper-Standard Holdings will report full-year sales of $831.98 million for the current financial year, with estimates ranging from $3.50 billion to $3.53 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.61 billion per share, with estimates ranging from $3.58 billion to $3.68 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The business had revenue of $909.10 million during the quarter, compared to analysts’ expectations of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 EPS.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine downgraded shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Bank of America Corporation restated an “underperform” rating and issued a $85.00 target price (down from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.75.
In other news, VP Keith Dwayne Stephenson sold 14,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $105.04, for a total value of $1,470,560.00. Following the transaction, the vice president now directly owns 63,584 shares in the company, valued at approximately $6,678,863.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Silver Point Capital L.P. sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $117.51, for a total transaction of $822,570.00. The disclosure for this sale can be found here. Insiders have sold a total of 439,365 shares of company stock worth $48,389,125 over the last quarter. 1.10% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of CPS. Ameritas Investment Partners Inc. bought a new position in shares of Cooper-Standard Holdings in the 1st quarter worth about $142,000. Riverhead Capital Management LLC lifted its position in shares of Cooper-Standard Holdings by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock worth $144,000 after buying an additional 632 shares during the last quarter. First Mercantile Trust Co. bought a new position in shares of Cooper-Standard Holdings in the 2nd quarter worth about $146,000. Flinton Capital Management LLC lifted its position in shares of Cooper-Standard Holdings by 66.7% in the 2nd quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock worth $155,000 after buying an additional 616 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Cooper-Standard Holdings by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock worth $164,000 after buying an additional 222 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.
Cooper-Standard Holdings (CPS) traded down 0.38% during midday trading on Thursday, hitting $116.28. 5,161 shares of the stock traded hands. Cooper-Standard Holdings has a one year low of $82.50 and a one year high of $118.60. The company has a market cap of $2.06 billion, a PE ratio of 14.65 and a beta of 0.77. The company’s 50-day moving average is $105.67 and its 200-day moving average is $106.07.
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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