Zacks: Brokerages Expect Cooper-Standard Holdings Inc (CPS) Will Post Quarterly Sales of $915.73 Million

Analysts forecast that Cooper-Standard Holdings Inc (NYSE:CPS) will report $915.73 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Cooper-Standard’s earnings. The highest sales estimate is $932.00 million and the lowest is $902.88 million. Cooper-Standard posted sales of $875.43 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.6%. The firm is scheduled to issue its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Cooper-Standard will report full-year sales of $915.73 million for the current fiscal year, with estimates ranging from $3.58 billion to $3.61 billion. For the next financial year, analysts expect that the company will post sales of $3.72 billion per share, with estimates ranging from $3.67 billion to $3.76 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Cooper-Standard.

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

Several research firms have commented on CPS. Zacks Investment Research downgraded Cooper-Standard from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Buckingham Research dropped their target price on Cooper-Standard from $131.00 to $129.00 and set a “buy” rating on the stock in a report on Thursday, October 19th. KeyCorp reissued a “hold” rating on shares of Cooper-Standard in a report on Friday, November 17th. Goldman Sachs Group downgraded Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a report on Monday, October 16th. Finally, ValuEngine raised Cooper-Standard from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. 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. Cooper-Standard currently has an average rating of “Hold” and an average price target of $117.17.

Cooper-Standard (NYSE CPS) traded up $0.20 during trading on Monday, reaching $132.87. The company’s stock had a trading volume of 95,000 shares, compared to its average volume of 100,946. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 0.86. Cooper-Standard has a twelve month low of $95.33 and a twelve month high of $135.00. The company has a market capitalization of $2,320.00, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 2.38 and a beta of 0.85.

In other news, SVP Song Min Lee sold 2,837 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $119.00, for a total value of $337,603.00. Following the completion of the transaction, the senior vice president now owns 12,163 shares in the company, valued at $1,447,397. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sharon Wenzl sold 585 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was 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. Insiders sold 10,450 shares of company stock valued at $1,248,784 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Cooper-Standard by 54.3% in the third quarter. Public Employees Retirement System of Ohio now owns 50,623 shares of the auto parts company’s stock worth $5,871,000 after acquiring an additional 17,824 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Cooper-Standard in the 3rd quarter worth $1,102,000. Dean Investment Associates LLC acquired a new stake in shares of Cooper-Standard in the 3rd quarter worth $5,953,000. California Public Employees Retirement System boosted its position in shares of Cooper-Standard by 4.0% in the 3rd quarter. California Public Employees Retirement System now owns 14,865 shares of the auto parts company’s stock worth $1,724,000 after purchasing an additional 565 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Cooper-Standard in the 3rd quarter worth $240,000. Hedge funds and other institutional investors own 95.82% 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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