Cooper Companies (COO) Scheduled to Post Quarterly Earnings on Wednesday

Cooper Companies (NASDAQ:COO) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 28th. Analysts expect Cooper Companies to post earnings of $0.91 per share for the quarter. Cooper Companies has set its FY24 guidance at $3.54-3.60 EPS and its FY 2024 guidance at 3.540-3.600 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Cooper Companies (NASDAQ:COO) last posted its earnings results on Thursday, May 30th. The medical device company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. Cooper Companies had a net margin of 9.11% and a return on equity of 8.87%. The company had revenue of $942.60 million during the quarter, compared to the consensus estimate of $948.07 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts expect Cooper Companies to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Cooper Companies Price Performance

Shares of Cooper Companies stock opened at $94.62 on Monday. The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 55.66, a PEG ratio of 2.34 and a beta of 0.98. The firm has a fifty day simple moving average of $90.82 and a 200-day simple moving average of $94.02. Cooper Companies has a 1-year low of $75.93 and a 1-year high of $104.07. The company has a current ratio of 1.95, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34.

Wall Street Analyst Weigh In

COO has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $115.00 price target on shares of Cooper Companies in a report on Wednesday, July 3rd. Robert W. Baird raised their price target on Cooper Companies from $116.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Cooper Companies in a research note on Friday. Finally, Jefferies Financial Group raised Cooper Companies from a “hold” rating to a “buy” rating and raised their price target for the stock from $107.00 to $115.00 in a research report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $111.78.

About Cooper Companies

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.