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

Cooper Companies Inc (NYSE:COO) announced a semiannual dividend on Tuesday, January 8th, Wall Street Journal reports. Investors of record on Tuesday, January 22nd will be paid a dividend of 0.03 per share by the medical device company on Friday, February 8th. This represents a dividend yield of 0.02%. The ex-dividend date of this dividend is Friday, January 18th.

Cooper Companies has a dividend payout ratio of 0.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cooper Companies to earn $13.13 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%.

Shares of NYSE:COO opened at $253.83 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 2.03 and a debt-to-equity ratio of 0.60. Cooper Companies has a fifty-two week low of $216.47 and a fifty-two week high of $283.18. The stock has a market cap of $12.12 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83.

Cooper Companies (NYSE:COO) last announced its quarterly earnings data on Thursday, December 6th. The medical device company reported $2.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.09). Cooper Companies had a net margin of 5.52% and a return on equity of 17.70%. The business had revenue of $651.50 million for the quarter, compared to the consensus estimate of $645.25 million. During the same period in the prior year, the company earned $2.65 EPS. Cooper Companies’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts expect that Cooper Companies will post 11.54 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. KeyCorp reaffirmed a “buy” rating on shares of Cooper Companies in a research report on Sunday, December 9th. Zacks Investment Research upgraded shares of Cooper Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. BMO Capital Markets upped their target price on shares of Cooper Companies from $294.00 to $306.00 and gave the stock an “outperform” rating in a research report on Friday, December 7th. Goldman Sachs Group cut shares of Cooper Companies from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $233.00 to $221.00 in a research report on Friday, January 4th. Finally, Wells Fargo & Co upped their target price on shares of Cooper Companies from $290.00 to $295.00 and gave the stock an “outperform” rating in a research report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $285.56.

In other news, Director Allan E. Rubenstein bought 348 shares of the firm’s stock in a transaction on Monday, December 10th. The stock was purchased at an average price of $241.59 per share, for a total transaction of $84,073.32. Following the transaction, the director now owns 4,524 shares in the company, valued at $1,092,953.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

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Cooper Companies Company Profile

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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Dividend History for Cooper Companies (NYSE:COO)

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