Cooper Companies (COO) Updates FY18 Earnings Guidance

Cooper Companies (NYSE:COO) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $11.35-11.65 for the period, compared to the Thomson Reuters consensus estimate of $11.21. The company issued revenue guidance of $2.48-2.53 billion, compared to the consensus revenue estimate of $2.39 billion.

A number of brokerages recently weighed in on COO. Raymond James Financial reaffirmed a buy rating and set a $265.00 price objective on shares of Cooper Companies in a research report on Monday. Zacks Investment Research raised shares of Cooper Companies from a hold rating to a buy rating and set a $257.00 price objective for the company in a research report on Tuesday, November 14th. KeyCorp reissued a hold rating on shares of Cooper Companies in a research note on Friday, October 20th. Robert W. Baird set a $273.00 target price on shares of Cooper Companies and gave the company a buy rating in a research note on Monday, October 16th. Finally, BMO Capital Markets reissued a buy rating and set a $272.00 target price on shares of Cooper Companies in a research note on Friday, October 13th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Cooper Companies currently has a consensus rating of Buy and a consensus price target of $260.70.

Cooper Companies (COO) traded up $2.18 during trading on Thursday, reaching $234.07. 497,100 shares of the company’s stock were exchanged, compared to its average volume of 421,463. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.51 and a quick ratio of 1.29. The firm has a market cap of $11,350.84, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.94 and a beta of 0.54. Cooper Companies has a 52-week low of $164.27 and a 52-week high of $256.39.

In other news, Director Gary S. Petersmeyer sold 3,977 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $244.94, for a total value of $974,126.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

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Cooper Companies Company Profile

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 (NYSE:COO)

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