Analysts predict that Cooper-Standard Holdings Inc. (NYSE:CPS) will post $835.98 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Cooper-Standard Holdings’ earnings. The highest sales estimate is $867.73 million and the lowest is $820.00 million. Cooper-Standard Holdings posted sales of $855.66 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The company is scheduled to issue its next earnings results on Monday, October 30th.
On average, analysts expect that Cooper-Standard Holdings will report full-year sales of $835.98 million for the current year, with estimates ranging from $3.50 billion to $3.53 billion. For the next financial year, analysts expect that the company will post sales of $3.61 billion per share, with estimates ranging from $3.58 billion to $3.66 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Cooper-Standard Holdings.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The firm had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS.
Several brokerages have issued reports on CPS. Zacks Investment Research downgraded Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Bank of America Corporation reaffirmed an “underperform” rating and set a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. ValuEngine downgraded Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $117.00 price target on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $109.67.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 10,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $112.66, for a total transaction of $1,126,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Jeffrey S. Edwards sold 17,540 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $108.47, for a total value of $1,902,563.80. Following the transaction, the chairman now owns 67,199 shares in the company, valued at approximately $7,289,075.53. The disclosure for this sale can be found here. Insiders have sold a total of 319,122 shares of company stock worth $34,081,804 in the last quarter. Company insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC boosted its position in Cooper-Standard Holdings by 13.8% in the first quarter. Flinton Capital Management LLC now owns 924 shares of the auto parts company’s stock valued at $103,000 after buying an additional 112 shares during the last quarter. Neuburgh Advisers LLC boosted its position in Cooper-Standard Holdings by 13.8% in the first quarter. Neuburgh Advisers LLC now owns 1,122 shares of the auto parts company’s stock valued at $125,000 after buying an additional 136 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Cooper-Standard Holdings during the first quarter valued at $142,000. First Mercantile Trust Co. purchased a new position in Cooper-Standard Holdings during the second quarter valued at $146,000. Finally, Victory Capital Management Inc. boosted its position in Cooper-Standard Holdings by 15.9% in the second quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock valued at $164,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 95.02% of the company’s stock.
Shares of Cooper-Standard Holdings (NYSE CPS) opened at 101.40 on Thursday. Cooper-Standard Holdings has a one year low of $82.50 and a one year high of $118.59. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 12.75 and a beta of 0.72. The firm has a 50-day moving average of $102.37 and a 200 day moving average of $107.32.
About Cooper-Standard Holdings
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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