Cooper-Standard Holdings Inc (CPS) Expected to Announce Earnings of $3.17 Per Share

Equities research analysts expect Cooper-Standard Holdings Inc (NYSE:CPS) to report earnings per share (EPS) of $3.17 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Cooper-Standard’s earnings. The lowest EPS estimate is $3.12 and the highest is $3.29. Cooper-Standard posted earnings of $2.80 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 13.2%. The company is expected to report its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Cooper-Standard will report full year earnings of $10.83 per share for the current financial year, with EPS estimates ranging from $10.78 to $10.95. For the next financial year, analysts anticipate that the company will report earnings of $11.39 per share, with EPS estimates ranging from $10.81 to $11.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Cooper-Standard.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.25). Cooper-Standard had a return on equity of 24.99% and a net margin of 3.88%. The company had revenue of $869.02 million for the quarter, compared to the consensus estimate of $844.14 million. During the same quarter in the previous year, the business earned $2.48 earnings per share. Cooper-Standard’s revenue was up 1.6% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on CPS shares. Roth Capital lifted their price objective on Cooper-Standard from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Buckingham Research cut their price objective on Cooper-Standard from $131.00 to $129.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th. Zacks Investment Research upgraded Cooper-Standard from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research report on Monday, October 9th. KeyCorp reiterated a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. Finally, Goldman Sachs Group lowered Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $117.17.

Cooper-Standard (NYSE CPS) opened at $132.87 on Friday. The stock has a market capitalization of $2,330.00, a P/E ratio of 18.15, a P/E/G ratio of 2.37 and a beta of 0.85. Cooper-Standard has a 1 year low of $95.33 and a 1 year high of $135.00. The company has a current ratio of 1.75, a quick ratio of 1.52 and a debt-to-equity ratio of 0.86.

In other news, SVP Song Min Lee sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $119.00, for a total value of $476,000.00. Following the completion of the transaction, the senior vice president now owns 12,163 shares in the company, valued at approximately $1,447,397. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sharon Wenzl sold 585 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $125.98, for a total value of $73,698.30. Following the completion of the transaction, the insider now owns 2,990 shares of the company’s stock, valued at approximately $376,680.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,450 shares of company stock worth $1,248,784. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPS. DekaBank Deutsche Girozentrale lifted its stake in shares of Cooper-Standard by 78.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 500 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Cooper-Standard by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock valued at $144,000 after purchasing an additional 632 shares during the period. Flinton Capital Management LLC lifted its stake in shares of Cooper-Standard by 66.7% in the 2nd quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 616 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Cooper-Standard by 20.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 259 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Cooper-Standard by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock valued at $164,000 after purchasing an additional 222 shares during the period. Institutional investors own 96.01% of the company’s stock.

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Cooper-Standard 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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