Cooper-Standard Holdings Inc. (CPS) Set to Announce Quarterly Earnings on Tuesday
Cooper-Standard Holdings Inc. (NYSE:CPS) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $2.49 per share for the quarter.
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, topping the Zacks’ 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 company had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. During the same period in the prior year, the firm earned $2.85 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts expect Cooper-Standard Holdings to post $10.67 EPS for the current fiscal year and $11.37 EPS for the next fiscal year.
Cooper-Standard Holdings Inc. (NYSE:CPS) traded up 1.12% during mid-day trading on Tuesday, reaching $112.48. 125,554 shares of the company were exchanged. The stock’s 50-day moving average price is $110.48 and its 200-day moving average price is $106.49. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.17 and a beta of 0.76. Cooper-Standard Holdings Inc. has a 1-year low of $82.50 and a 1-year high of $118.60.
In other Cooper-Standard Holdings 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 transaction, the insider now directly owns 866 shares of the company’s stock, valued at approximately $87,466. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 7,000 shares of Cooper-Standard Holdings stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $117.51, for a total value of $822,570.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,365 shares of company stock valued at $21,957,005. 1.10% of the stock is currently owned by corporate insiders.
Several research firms have weighed in on CPS. Buckingham Research dropped their target price on Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Zacks Investment Research downgraded Cooper-Standard Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) downgraded Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research report on Monday, October 16th. Finally, BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $114.60.
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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