Cooper Companies Inc (NYSE:COO) – Stock analysts at KeyCorp upped their Q3 2018 earnings per share (EPS) estimates for shares of Cooper Companies in a report released on Sunday. KeyCorp analyst M. Mishan now anticipates that the medical device company will post earnings of $3.02 per share for the quarter, up from their previous estimate of $2.97. KeyCorp also issued estimates for Cooper Companies’ Q4 2018 earnings at $3.16 EPS.
Cooper Companies (NYSE:COO) last posted its quarterly earnings data on Thursday, March 8th. The medical device company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.28. Cooper Companies had a net margin of 7.83% and a return on equity of 16.90%. The firm had revenue of $590.00 million for the quarter, compared to analysts’ expectations of $583.07 million. During the same period in the previous year, the company posted $1.93 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year.
Cooper Companies (COO) opened at $236.86 on Wednesday. Cooper Companies has a 52-week low of $192.75 and a 52-week high of $260.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.61 and a current ratio of 2.83. The firm has a market cap of $11,811.70, a P/E ratio of 67.87, a price-to-earnings-growth ratio of 1.89 and a beta of 0.61.
Several institutional investors have recently bought and sold shares of COO. BB&T Investment Services Inc. grew its holdings in shares of Cooper Companies by 71.0% during the 4th quarter. BB&T Investment Services Inc. now owns 542 shares of the medical device company’s stock valued at $119,000 after acquiring an additional 225 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Cooper Companies during the 3rd quarter valued at $163,000. Virtue Capital Management LLC acquired a new stake in shares of Cooper Companies in the 4th quarter valued at $195,000. FNY Managed Accounts LLC acquired a new stake in shares of Cooper Companies in the 4th quarter valued at $217,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of Cooper Companies in the 4th quarter valued at $222,000. Institutional investors and hedge funds own 98.55% of the company’s stock.
In other news, EVP Carol R. Kaufman sold 13,362 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $243.88, for a total transaction of $3,258,724.56. Following the transaction, the executive vice president now directly owns 59,305 shares in the company, valued at approximately $14,463,303.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary S. Petersmeyer sold 785 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $229.06, for a total transaction of $179,812.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,516 shares of company stock worth $24,459,155. 1.60% of the stock is currently owned by corporate insiders.
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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.
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