Cooper Companies (NYSE:COO) Releases FY20 Earnings Guidance

Cooper Companies (NYSE:COO) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share guidance of $12.60-13.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $13.08. The company issued revenue guidance of $2.767-2.817 billion, compared to the consensus revenue estimate of $2.82 billion.Cooper Companies also updated its Q1 guidance to $2.65-2.75 EPS.

Shares of Cooper Companies stock traded up $0.77 during midday 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 stock has a fifty day moving average price of $297.98 and a 200 day moving average price of $311.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.29 and a quick ratio of 0.73. The firm has a market cap of $15.47 billion, a PE ratio of 27.21, a P/E/G ratio of 2.31 and a beta of 0.91. Cooper Companies has a fifty-two week low of $228.65 and a fifty-two week high of $344.32.

A number of analysts have weighed in on COO shares. Piper Jaffray Companies set a $360.00 target price on shares of Cooper Companies and gave the company a buy rating in a research report on Friday, August 30th. KeyCorp boosted their price target on shares of Cooper Companies from $348.00 to $351.00 and gave the stock an overweight rating in a research report on Wednesday, November 27th. Zacks Investment Research raised shares of Cooper Companies from a sell rating to a hold rating and set a $325.00 price objective on the stock in a research note on Wednesday, November 20th. Jefferies Financial Group decreased their price objective 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. Finally, Raymond James reissued a buy rating on shares of Cooper Companies in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Cooper Companies currently has an average 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 that occurred on Wednesday, September 11th. The stock was sold at an average price of $299.61, for a total value of $399,979.35. Following the transaction, the director now directly owns 3,591 shares of the company’s stock, valued at $1,075,899.51. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.

About Cooper Companies

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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