Cooper Companies Inc Forecasted to Post Q1 2018 Earnings of $2.55 Per Share (COO)

Cooper Companies Inc (NYSE:COO) – Northcoast Research lifted their Q1 2018 earnings per share (EPS) estimates for shares of Cooper Companies in a report released on Wednesday. Northcoast Research analyst D. Keiser now anticipates that the medical device company will post earnings of $2.55 per share for the quarter, up from their prior forecast of $2.48. Northcoast Research also issued estimates for Cooper Companies’ Q2 2018 earnings at $3.02 EPS.

Cooper Companies (NYSE:COO) last announced its earnings results on Thursday, December 7th. The medical device company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.64 by $0.01. The firm had revenue of $561.50 million for the quarter, compared to the consensus estimate of $558.86 million. Cooper Companies had a net margin of 17.43% and a return on equity of 16.02%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.28 EPS.

A number of other equities analysts have also recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $265.00 price objective (down from $275.00) on shares of Cooper Companies in a research report on Friday, December 8th. KeyCorp reissued a “hold” rating on shares of Cooper Companies in a research report on Friday, October 20th. Oppenheimer set a $250.00 price objective on shares of Cooper Companies and gave the company a “hold” rating in a research report on Friday, December 8th. Zacks Investment Research cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets reissued a “buy” rating and issued a $272.00 price objective on shares of Cooper Companies in a research report on Friday, October 13th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Cooper Companies currently has an average rating of “Buy” and an average price target of $259.70.

Cooper Companies (COO) traded up $0.33 during trading hours on Friday, reaching $235.52. 578,300 shares of the company’s stock were exchanged, compared to its average volume of 547,517. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market cap of $11,620.00, a PE ratio of 31.32, a P/E/G ratio of 1.90 and a beta of 0.54. Cooper Companies has a one year low of $179.41 and a one year high of $256.39.

Several large investors have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC boosted its stake in Cooper Companies by 2.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after purchasing an additional 11 shares during the period. Sentry Investment Management LLC raised its holdings in shares of Cooper Companies by 0.7% during the 2nd quarter. Sentry Investment Management LLC now owns 2,801 shares of the medical device company’s stock valued at $671,000 after purchasing an additional 19 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Cooper Companies by 0.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,410 shares of the medical device company’s stock valued at $2,971,000 after purchasing an additional 40 shares in the last quarter. Suntrust Banks Inc. raised its holdings in shares of Cooper Companies by 0.6% during the 2nd quarter. Suntrust Banks Inc. now owns 6,616 shares of the medical device company’s stock valued at $1,583,000 after purchasing an additional 40 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Cooper Companies by 2.1% during the 2nd quarter. M&T Bank Corp now owns 3,466 shares of the medical device company’s stock valued at $830,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 96.73% of the company’s stock.

In related news, Director Gary S. Petersmeyer sold 785 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $229.06, for a total transaction of $179,812.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert S. Weiss sold 32,500 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $224.70, for a total transaction of $7,302,750.00. Following the sale, the chief executive officer now owns 119,111 shares in the company, valued at approximately $26,764,241.70. The disclosure for this sale can be found here. Insiders have sold 54,385 shares of company stock worth $12,289,463 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

The business also recently declared a semiannual dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 23rd will be given a dividend of $0.03 per share. The ex-dividend date is Monday, January 22nd. This represents a dividend yield of 0.03%. Cooper Companies’s payout ratio is 0.80%.

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Cooper Companies Company Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Earnings History and Estimates for Cooper Companies (NYSE:COO)

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