Cooper Companies Inc (NYSE:COO) declared a dividend on Wednesday, July 10th, NASDAQ reports. Shareholders of record on Tuesday, July 23rd will be given a dividend of 0.03 per share by the medical device company on Wednesday, August 7th. The ex-dividend date of this dividend is Monday, July 22nd.
Cooper Companies has a dividend payout ratio of 0.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cooper Companies to earn $13.30 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 0.5%.
COO opened at $334.05 on Friday. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 2.51 and a beta of 0.84. Cooper Companies has a 52 week low of $228.65 and a 52 week high of $343.33. The stock’s 50 day moving average price is $319.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.68 and a current ratio of 1.21.
Cooper Companies (NYSE:COO) last released its quarterly earnings results on Thursday, May 30th. The medical device company reported $2.94 EPS for the quarter, topping the consensus estimate of $2.76 by $0.18. The company had revenue of $654.30 million for the quarter, compared to analyst estimates of $655.00 million. Cooper Companies had a return on equity of 17.25% and a net margin of 16.46%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.86 earnings per share. On average, sell-side analysts predict that Cooper Companies will post 12.27 earnings per share for the current fiscal year.
In related news, COO Daniel G. Mcbride sold 11,981 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $315.99, for a total transaction of $3,785,876.19. Following the transaction, the chief operating officer now owns 42,668 shares of the company’s stock, valued at $13,482,661.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Randal Golden sold 1,154 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $328.16, for a total value of $378,696.64. Following the transaction, the vice president now directly owns 1,148 shares in the company, valued at approximately $376,727.68. The disclosure for this sale can be found here. Insiders have sold 77,678 shares of company stock worth $25,063,536 in the last ninety days. 1.70% of the stock is currently owned by corporate insiders.
COO has been the topic of a number of recent research reports. Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Raymond James reissued a “buy” rating and issued a $26.00 target price on shares of Propetro in a report on Tuesday, July 2nd. Northcoast Research reissued a “buy” rating and issued a $340.00 target price (up previously from $331.00) on shares of Cooper Companies in a report on Monday, June 3rd. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Allergan in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $318.91.
About Cooper Companies
The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.
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