Cooper Companies (NYSE:COO) Updates Q1 Earnings Guidance

Cooper Companies (NYSE:COO) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.65-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.94. The company issued revenue guidance of $638-653 million, compared to the consensus revenue estimate of $667.40 million.Cooper Companies also updated its FY20 guidance to $12.60-13.00 EPS.

Shares of NYSE:COO traded up $0.77 during trading on Thursday, reaching $312.86. The company had a trading volume of 327,300 shares, compared to its average volume of 319,514. The company has a fifty day moving average of $297.65 and a two-hundred day moving average of $311.90. The stock has a market capitalization of $15.47 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.91. Cooper Companies has a 12 month low of $228.65 and a 12 month high of $344.32. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 0.39.

Several brokerages recently issued reports on COO. Jefferies Financial Group cut their target price on shares of Cooper Companies from $358.00 to $330.00 and set an in-line rating for the company in a research report on Wednesday. Zacks Investment Research raised Cooper Companies from a sell rating to a hold rating and set a $325.00 price target for the company in a research note on Wednesday, November 20th. Northcoast Research reiterated a buy rating on shares of Cooper Companies in a report on Tuesday. KeyCorp increased their price objective on Cooper Companies from $348.00 to $351.00 and gave the company an overweight rating in a research report on Wednesday, November 27th. Finally, Piper Jaffray Companies set a $360.00 price objective on Cooper Companies and gave the company a buy rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Cooper Companies currently has a consensus rating of Buy and an average target price of $325.27.

In other Cooper Companies news, Director Allan E. Rubenstein sold 1,335 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $299.61, for a total value of $399,979.35. Following the completion of the sale, the director now directly owns 3,591 shares of the company’s stock, valued at $1,075,899.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

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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