Cooper Companies (COO) Updates FY 2019 Earnings Guidance

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Cooper Companies (NYSE:COO) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $11.85-12.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $11.57. The company issued revenue guidance of $2.631-2.676 billion, compared to the consensus revenue estimate of $2.64 billion.

Cooper Companies stock opened at $290.22 on Wednesday. Cooper Companies has a 52 week low of $216.47 and a 52 week high of $295.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.03 and a quick ratio of 1.16. The stock has a market cap of $14.44 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.30 and a beta of 0.88.

Cooper Companies (NYSE:COO) last posted its earnings results on Tuesday, March 5th. The medical device company reported $2.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.38. Cooper Companies had a return on equity of 17.70% and a net margin of 5.52%. As a group, equities research analysts predict that Cooper Companies will post 11.56 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which was paid on Friday, February 8th. Investors of record on Tuesday, January 22nd were given a dividend of $0.03 per share. This represents a yield of 0.02%. The ex-dividend date was Friday, January 18th. Cooper Companies’s payout ratio is 0.52%.

Several equities analysts recently commented on COO shares. Oppenheimer set a $282.00 target price on Cooper Companies and gave the stock a hold rating in a research report on Friday, December 7th. Piper Jaffray Companies restated an overweight rating and set a $325.00 target price on shares of Cooper Companies in a research report on Wednesday. KeyCorp reduced their target price on Cooper Companies from $298.00 to $296.00 and set an overweight rating for the company in a research report on Friday, December 7th. Wells Fargo & Co increased their target price on Cooper Companies from $295.00 to $305.00 and gave the company an outperform rating in a report on Friday, December 7th. Finally, Jefferies Financial Group raised their price objective on Cooper Companies to $305.00 and gave the company a buy rating in a research report on Friday, December 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Cooper Companies currently has an average rating of Buy and an average target price of $296.20.

In other Cooper Companies news, Director Allan E. Rubenstein bought 348 shares of the business’s stock in a transaction on Monday, December 10th. The shares were acquired at an average cost of $241.59 per share, for a total transaction of $84,073.32. Following the purchase, the director now owns 4,524 shares in the company, valued at approximately $1,092,953.16. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.70% of the company’s stock.

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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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