$1.06 EPS Expected for Cooper-Standard Holdings Inc (NYSE:CPS) This Quarter

Wall Street brokerages predict that Cooper-Standard Holdings Inc (NYSE:CPS) will report earnings per share (EPS) of $1.06 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cooper-Standard’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $1.20. Cooper-Standard posted earnings of $1.05 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 1%. The company is scheduled to report its next earnings report on Thursday, November 7th.

On average, analysts expect that Cooper-Standard will report full year earnings of $3.44 per share for the current fiscal year, with EPS estimates ranging from $3.24 to $3.75. For the next financial year, analysts anticipate that the business will post earnings of $4.35 per share, with EPS estimates ranging from $3.42 to $6.35. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Cooper-Standard.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $0.31 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.80). The firm had revenue of $764.81 million for the quarter, compared to the consensus estimate of $832.61 million. Cooper-Standard had a net margin of 4.47% and a return on equity of 7.13%. The business’s revenue was down 17.6% on a year-over-year basis. During the same period last year, the company posted $2.74 earnings per share.

A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. Buckingham Research decreased their price target on shares of Cooper-Standard from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Roth Capital reissued a “buy” rating and issued a $47.00 price target on shares of Cooper-Standard in a research note on Thursday, September 26th. Finally, Goldman Sachs Group downgraded shares of Cooper-Standard from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $51.00 to $36.00 in a research note on Thursday, June 13th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $44.75.

In related news, SVP Song Min Lee purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average cost of $33.27 per share, with a total value of $99,810.00. Following the completion of the purchase, the senior vice president now directly owns 16,784 shares in the company, valued at $558,403.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System grew its holdings in shares of Cooper-Standard by 1.1% during the second quarter. Arizona State Retirement System now owns 25,278 shares of the auto parts company’s stock valued at $1,158,000 after buying an additional 263 shares during the last quarter. Rhumbline Advisers boosted its holdings in Cooper-Standard by 0.6% in the first quarter. Rhumbline Advisers now owns 50,537 shares of the auto parts company’s stock worth $2,373,000 after purchasing an additional 315 shares during the last quarter. Zeke Capital Advisors LLC boosted its holdings in Cooper-Standard by 2.8% in the second quarter. Zeke Capital Advisors LLC now owns 14,315 shares of the auto parts company’s stock worth $656,000 after purchasing an additional 391 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Cooper-Standard by 3.4% in the second quarter. Public Employees Retirement System of Ohio now owns 22,708 shares of the auto parts company’s stock worth $1,040,000 after purchasing an additional 748 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its holdings in Cooper-Standard by 53.3% in the second quarter. Glen Harbor Capital Management LLC now owns 2,208 shares of the auto parts company’s stock worth $101,000 after purchasing an additional 768 shares during the last quarter. 99.90% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CPS traded down $0.34 during midday trading on Wednesday, hitting $36.44. 150,214 shares of the stock traded hands, compared to its average volume of 195,685. Cooper-Standard has a one year low of $30.82 and a one year high of $115.55. The stock has a market capitalization of $615.91 million, a PE ratio of 4.15 and a beta of 1.65. The business’s 50 day moving average is $39.07 and its two-hundred day moving average is $44.90. The company has a quick ratio of 1.49, a current ratio of 1.75 and a debt-to-equity ratio of 0.84.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

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Earnings History and Estimates for Cooper-Standard (NYSE:CPS)

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