Cooper Companies Inc (COO) Declares Semiannual Dividend of $0.03

Cooper Companies Inc (NYSE:COO) announced a semiannual dividend on Friday, January 5th, Wall Street Journal reports. Investors of record on Tuesday, January 23rd will be given a dividend of 0.03 per share by the medical device company on Friday, February 9th. This represents a yield of 0.03%. The ex-dividend date of this dividend is Monday, January 22nd.

Cooper Companies has a dividend payout ratio of 0.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cooper Companies to earn $12.43 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 0.5%.

Cooper Companies (COO) traded down $3.19 during mid-day trading on Friday, reaching $223.55. The company had a trading volume of 561,300 shares, compared to its average volume of 506,333. Cooper Companies has a fifty-two week low of $175.30 and a fifty-two week high of $256.39. The firm has a market capitalization of $11,250.00, a P/E ratio of 29.73, a PEG ratio of 1.83 and a beta of 0.54. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Cooper Companies (NYSE:COO) last released its earnings results on Thursday, December 7th. The medical device company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.01. Cooper Companies had a return on equity of 16.02% and a net margin of 17.43%. The business had revenue of $561.50 million for the quarter, compared to the consensus estimate of $558.86 million. During the same period last year, the business earned $2.28 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. research analysts predict that Cooper Companies will post 11.51 EPS for the current fiscal year.

A number of research firms have weighed in on COO. Jefferies Group reaffirmed a “buy” rating and set a $250.00 price objective on shares of Cooper Companies in a report on Tuesday, September 12th. Stephens reaffirmed an “equal weight” rating and set a $250.00 price objective (up from $235.00) on shares of Cooper Companies in a report on Tuesday, September 12th. Oppenheimer reaffirmed a “hold” rating and set a $250.00 price objective on shares of Cooper Companies in a report on Tuesday, September 12th. Robert W. Baird reaffirmed a “buy” rating and set a $273.00 price objective (up from $267.00) on shares of Cooper Companies in a report on Tuesday, September 12th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $235.00 price objective on shares of Cooper Companies in a report on Tuesday, September 12th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Cooper Companies presently has a consensus rating of “Buy” and a consensus price target of $259.70.

In other news, Director Stanley Md Zinberg sold 5,000 shares of Cooper Companies stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $224.66, for a total value of $1,123,300.00. Following the completion of the transaction, the director now owns 6,090 shares in the company, valued at $1,368,179.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Thomas Bender sold 9,150 shares of Cooper Companies stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $229.17, for a total transaction of $2,096,905.50. Following the completion of the transaction, the director now owns 11,205 shares of the company’s stock, valued at approximately $2,567,849.85. The disclosure for this sale can be found here. Insiders sold 47,935 shares of company stock valued at $10,813,768 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Cooper Companies Inc (COO) Declares Semiannual Dividend of $0.03” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.com-unik.info/2018/01/05/cooper-companies-inc-coo-declares-semiannual-dividend-of-0-03.html.

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.

Dividend History for Cooper Companies (NYSE:COO)

Receive News & Ratings for Cooper Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit