Cooper Companies (COO) Set to Announce Quarterly Earnings on Thursday

Cooper Companies (NASDAQ:COO) is set to issue its quarterly earnings data after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Cooper Companies Stock Up 0.3 %

NASDAQ:COO opened at $103.29 on Wednesday. The firm has a market capitalization of $20.57 billion, a P/E ratio of 57.54, a PEG ratio of 2.23 and a beta of 0.97. The company’s fifty day moving average price is $105.04 and its 200-day moving average price is $98.66. Cooper Companies has a 1-year low of $82.55 and a 1-year high of $112.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.99 and a quick ratio of 1.18.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COO. Morgan Stanley boosted their price objective on Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Stifel Nicolaus reissued a “buy” rating and issued a $115.00 price target (up from $110.00) on shares of Cooper Companies in a report on Thursday, August 29th. StockNews.com raised shares of Cooper Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Cooper Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, Piper Sandler raised their price target on shares of Cooper Companies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Cooper Companies presently has a consensus rating of “Moderate Buy” and an average target price of $117.00.

Insider Buying and Selling

In other Cooper Companies news, CFO Brian G. Andrews sold 24,788 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $105.90, for a total transaction of $2,625,049.20. Following the transaction, the chief financial officer now owns 6,614 shares of the company’s stock, valued at approximately $700,422.60. The trade was a 78.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Albert G. White III sold 114,992 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the completion of the sale, the chief executive officer now directly owns 165,273 shares of the company’s stock, valued at $18,267,624.69. This represents a 41.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,381 shares of company stock worth $15,508,071. Insiders own 2.00% of the company’s stock.

Cooper Companies Company Profile

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.