Cooper Companies, Inc. (The) (NYSE:COO) Releases Q4 Earnings Guidance

Cooper Companies, Inc. (The) (NYSE:COO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.60-2.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.63. The company issued revenue guidance of $552-565 million, compared to the consensus revenue estimate of $555.42 million.Cooper Companies, Inc. (The) also updated its FY17 guidance to $9.66-9.76 EPS.

Several research firms have commented on COO. Jefferies Group LLC reaffirmed a buy rating and set a $250.00 price target on shares of Cooper Companies, Inc. (The) in a research report on Tuesday. Stephens reaffirmed an equal weight rating and set a $250.00 price target (up previously from $235.00) on shares of Cooper Companies, Inc. (The) in a research report on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a hold rating and set a $250.00 price target on shares of Cooper Companies, Inc. (The) in a research report on Tuesday. Robert W. Baird reaffirmed a buy rating and set a $273.00 price target (up previously from $267.00) on shares of Cooper Companies, Inc. (The) in a research report on Tuesday. Finally, J P Morgan Chase & Co reaffirmed a hold rating and set a $235.00 price target on shares of Cooper Companies, Inc. (The) in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $257.60.

Cooper Companies, Inc. (NYSE COO) traded down 0.419% during mid-day trading on Friday, reaching $246.005. The company’s stock had a trading volume of 152,529 shares. The firm’s 50 day moving average price is $245.27 and its 200 day moving average price is $224.26. The firm has a market capitalization of $12.02 billion, a P/E ratio of 36.882 and a beta of 0.59. Cooper Companies, Inc. has a 52 week low of $158.73 and a 52 week high of $256.39.

Cooper Companies, Inc. (The) (NYSE:COO) last posted its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 EPS for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.06. Cooper Companies, Inc. (The) had a net margin of 16.45% and a return on equity of 16.00%. The company had revenue of $556.00 million during the quarter, compared to the consensus estimate of $552.32 million. During the same period in the prior year, the business posted $2.30 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts anticipate that Cooper Companies, Inc. will post $9.72 EPS for the current fiscal year.

In related news, VP Randal Golden sold 1,621 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $243.65, for a total value of $394,956.65. Following the completion of the sale, the vice president now directly owns 1,731 shares in the company, valued at approximately $421,758.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Daniel G. Mcbride sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $244.23, for a total transaction of $1,465,380.00. Following the completion of the sale, the chief operating officer now owns 34,395 shares of the company’s stock, valued at $8,400,290.85. The disclosure for this sale can be found here. Insiders sold a total of 20,992 shares of company stock valued at $5,167,628 over the last quarter. 1.60% of the stock is currently owned by company insiders.

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About Cooper Companies, Inc. (The)

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.

Earnings History and Estimates for Cooper Companies, Inc. (The) (NYSE:COO)

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