Cooper Companies (NYSE:COO) announced its quarterly earnings data on Thursday. The medical device company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.02, Bloomberg Earnings reports. Cooper Companies had a return on equity of 16.90% and a net margin of 7.83%. The company had revenue of $631.30 million during the quarter, compared to analyst estimates of $627.49 million. During the same quarter last year, the firm posted $2.50 EPS. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. Cooper Companies updated its FY18 guidance to $11.70-11.90 EPS.
Cooper Companies opened at $226.50 on Friday, Marketbeat reports. The company has a quick ratio of 1.61, a current ratio of 2.83 and a debt-to-equity ratio of 0.75. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.81 and a beta of 0.61. Cooper Companies has a twelve month low of $216.47 and a twelve month high of $260.26.
In other news, CEO Robert S. Weiss sold 36,769 shares of Cooper Companies stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $242.35, for a total transaction of $8,910,967.15. Following the completion of the sale, the chief executive officer now owns 135,936 shares in the company, valued at approximately $32,944,089.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Carol R. Kaufman sold 13,362 shares of Cooper Companies stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $243.88, for a total value of $3,258,724.56. Following the sale, the executive vice president now owns 59,305 shares of the company’s stock, valued at approximately $14,463,303.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,846 shares of company stock valued at $12,549,839. Corporate insiders own 1.60% of the company’s stock.
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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