Cooper-Standard Holdings Inc. (CPS) Releases Quarterly Earnings Results, Misses Expectations By $0.25 EPS
Cooper-Standard Holdings Inc. (NYSE:CPS) issued its earnings results on Tuesday. The auto parts company reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.25), Bloomberg Earnings reports. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company had revenue of $869.02 million during the quarter, compared to analysts’ expectations of $844.14 million. During the same period in the previous year, the company earned $2.48 EPS. Cooper-Standard Holdings’s quarterly revenue was up 1.6% on a year-over-year basis.
Shares of Cooper-Standard Holdings (CPS) traded down 0.15% during midday trading on Wednesday, hitting $111.31. The stock had a trading volume of 18,129 shares. The firm has a 50-day moving average price of $112.15 and a 200-day moving average price of $106.88. Cooper-Standard Holdings has a 1-year low of $82.50 and a 1-year high of $118.60. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 14.02 and a beta of 0.77.
In other news, insider Aleksandra A. Miziolek sold 865 shares of the firm’s 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 sale, the insider now directly owns 866 shares of the company’s stock, valued at $87,466. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 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. Insiders have sold 200,365 shares of company stock worth $23,185,705 over the last three months. Company insiders own 1.10% of the company’s stock.
Several equities research analysts have recently weighed in on CPS shares. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. 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, Buckingham Research decreased 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Cooper-Standard Holdings currently has an average rating of “Hold” and an average price target 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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