Jefferies Group Weighs in on Cooper-Standard Holdings Inc.’s Q3 2017 Earnings (CPS)
Cooper-Standard Holdings Inc. (NYSE:CPS) – Equities research analysts at Jefferies Group dropped their Q3 2017 earnings estimates for shares of Cooper-Standard Holdings in a report issued on Tuesday. Jefferies Group analyst D. Kelley now expects that the auto parts company will post earnings per share of $2.42 for the quarter, down from their prior estimate of $2.58. Jefferies Group also issued estimates for Cooper-Standard Holdings’ Q4 2017 earnings at $2.50 EPS, FY2017 earnings at $10.46 EPS, Q1 2018 earnings at $3.27 EPS, Q2 2018 earnings at $3.18 EPS, Q3 2018 earnings at $2.71 EPS and Q4 2018 earnings at $2.57 EPS.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $909.10 million during the quarter, compared to the consensus estimate of $884.02 million. During the same period in the prior year, the firm earned $2.85 EPS. The business’s revenue was up 3.4% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/25/jefferies-group-weighs-in-on-cooper-standard-holdings-inc-s-q3-2017-earnings-cps.html.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub upgraded Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Buckingham Research cut their price target on Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating on the stock in a report on Thursday, October 19th. Finally, Goldman Sachs Group, Inc. (The) cut Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $114.60.
Shares of Cooper-Standard Holdings (CPS) opened at 112.30 on Wednesday. The firm has a 50-day moving average of $110.53 and a 200-day moving average of $106.57. The company has a market capitalization of $1.99 billion, a P/E ratio of 14.15 and a beta of 0.77. Cooper-Standard Holdings has a one year low of $82.50 and a one year high of $118.60.
Institutional investors have recently bought and sold shares of the business. Arizona State Retirement System boosted its holdings in shares of Cooper-Standard Holdings by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 9,300 shares of the auto parts company’s stock worth $938,000 after buying an additional 100 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Cooper-Standard Holdings by 5.7% during the 2nd quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock worth $80,869,000 after buying an additional 43,200 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Cooper-Standard Holdings by 24.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,701 shares of the auto parts company’s stock worth $676,000 after buying an additional 1,318 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Cooper-Standard Holdings by 3.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 9,880 shares of the auto parts company’s stock worth $1,096,000 after buying an additional 340 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Cooper-Standard Holdings during the 2nd quarter worth approximately $1,191,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 11,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $111.70, for a total transaction of $1,228,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total value of $1,470,560.00. Following the transaction, the vice president now owns 63,584 shares in the company, valued at $6,678,863.36. The disclosure for this sale can be found here. Insiders have sold a total of 200,365 shares of company stock worth $23,185,705 over the last 90 days. Company insiders own 1.10% of the company’s stock.
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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