Cooper Companies (COO) Releases FY 2019 Earnings Guidance

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Cooper Companies (NYSE:COO) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $11.30-11.70 for the period, compared to the Thomson Reuters consensus estimate of $12.08. The company issued revenue guidance of $2.6-2.66 billion, compared to the consensus revenue estimate of $2.67 billion.Cooper Companies also updated its FY19 guidance to $11.30-11.70 EPS.

NYSE COO opened at $243.01 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.58 and a quick ratio of 1.54. Cooper Companies has a fifty-two week low of $216.47 and a fifty-two week high of $283.18. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.13 and a beta of 0.77.

Cooper Companies (NYSE:COO) last released its earnings results on Thursday, December 6th. The medical device company reported $2.87 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.09). Cooper Companies had a return on equity of 17.86% and a net margin of 5.52%. The business had revenue of $651.50 million for the quarter, compared to the consensus estimate of $645.25 million. During the same quarter in the previous year, the company earned $2.65 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts predict that Cooper Companies will post 12.1 EPS for the current fiscal year.

COO has been the subject of several recent analyst reports. Wells Fargo & Co upped their target price on Cooper Companies from $290.00 to $295.00 and gave the stock an outperform rating in a research note on Monday, November 12th. Zacks Investment Research cut Cooper Companies from a hold rating to a sell rating in a research note on Monday, September 3rd. BMO Capital Markets upped their target price on Cooper Companies from $280.00 to $285.00 and gave the stock an outperform rating in a research note on Friday, August 31st. Raymond James upped their target price on Cooper Companies from $270.00 to $300.00 and gave the stock an outperform rating in a research note on Friday, September 21st. Finally, Oppenheimer set a $282.00 target price on Cooper Companies and gave the stock a hold rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $284.50.

In other news, VP Randal Golden sold 1,731 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $275.86, for a total value of $477,513.66. Following the completion of the transaction, the vice president now directly owns 1,154 shares in the company, valued at approximately $318,342.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allan E. Rubenstein sold 1,500 shares of the stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $265.37, for a total value of $398,055.00. Following the completion of the transaction, the director now owns 3,068 shares of the company’s stock, valued at $814,155.16. The disclosure for this sale can be found here. Insiders sold a total of 20,691 shares of company stock valued at $5,527,869 over the last quarter. 1.60% of the stock is owned by corporate insiders.

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Cooper Companies Company Profile

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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Earnings History and Estimates for Cooper Companies (NYSE:COO)

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