Earnings Report: Here’s what to expect from Cooper Companies Stock Forecast, Price & News (NYSE:COO)

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Earnings results for Cooper Companies Stock Forecast, Price & News (NYSE:COO)

The Cooper Companies, Inc. is expected* to report earnings on 09/03/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.58. The reported EPS for the same quarter last year was $3.23.

Cooper Companies last released its earnings data on June 4th, 2020. The medical device company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by $0.78. The business earned $524.90 million during the quarter, compared to analyst estimates of $604.78 million. Its revenue for the quarter was down 19.7% on a year-over-year basis. Cooper Companies has generated $12.35 earnings per share over the last year and currently has a price-to-earnings ratio of 46.2. Cooper Companies has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Cooper Companies Stock Forecast, Price & News (NYSE:COO)

11 Wall Street analysts have issued ratings and price targets for Cooper Companies in the last 12 months. Their average twelve-month price target is $330.73, predicting that the stock has a possible upside of 4.26%. The high price target for COO is $351.00 and the low price target for COO is $291.00. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Cooper Companies has received a consensus rating of Buy. The company’s average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $330.73, Cooper Companies has a forecasted upside of 4.3% from its current price of $317.21. Cooper Companies has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Cooper Companies Stock Forecast, Price & News (NYSE:COO)

Cooper Companies has a dividend yield of 0.02%, which is in the bottom 25% of all stocks that pay dividends. Cooper Companies has only been increasing its dividend for 1 years. The dividend payout ratio of Cooper Companies is 0.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cooper Companies will have a dividend payout ratio of 0.49% next year. This indicates that Cooper Companies will be able to sustain or increase its dividend.

Insiders buying/selling: Cooper Companies Stock Forecast, Price & News (NYSE:COO)

In the past three months, Cooper Companies insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $908,298.00 in company stock and sold $0.00 in company stock. Only 1.40% of the stock of Cooper Companies is held by insiders. 88.84% of the stock of Cooper Companies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Cooper Companies Stock Forecast, Price & News (NYSE:COO

Earnings for Cooper Companies are expected to grow by 44.86% in the coming year, from $8.47 to $12.27 per share. The P/E ratio of Cooper Companies is 46.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.39. The P/E ratio of Cooper Companies is 46.17, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 30.27. Cooper Companies has a PEG Ratio of 3.37. PEG Ratios above 1 indicate that a company could be overvalued. Cooper Companies has a P/B Ratio of 4.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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