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.

See Also: Strike Price

Earnings History and Estimates 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's FREE daily email newsletter.


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