Analysts expect Cooper-Standard Holdings Inc. (NYSE:CPS) to announce earnings per share of $2.52 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Cooper-Standard Holdings’ earnings. The highest EPS estimate is $2.65 and the lowest is $2.37. Cooper-Standard Holdings posted earnings of $2.48 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The company is expected to issue its next quarterly earnings results on Monday, October 30th.
On average, analysts expect that Cooper-Standard Holdings will report full year earnings of $10.68 per share for the current financial year, with EPS estimates ranging from $10.43 to $11.00. For the next fiscal year, analysts anticipate that the business will post earnings of $11.37 per share, with EPS estimates ranging from $10.50 to $11.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Cooper-Standard Holdings.
Cooper-Standard Holdings (NYSE:CPS) last issued its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. The business had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. Cooper-Standard Holdings’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 earnings per share.
A number of equities analysts have recently commented on the company. ValuEngine raised Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. BidaskClub upgraded Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Bank of America Corporation restated an “underperform” rating and set a $85.00 price objective (down previously from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. Finally, Zacks Investment Research lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Cooper-Standard Holdings has a consensus rating of “Hold” and a consensus price target of $109.67.
Cooper-Standard Holdings (NYSE CPS) traded up 1.33% on Thursday, reaching $106.56. The company’s stock had a trading volume of 512,559 shares. Cooper-Standard Holdings has a 12 month low of $82.50 and a 12 month high of $118.59. The company has a 50-day moving average price of $101.15 and a 200 day moving average price of $106.06. The company has a market cap of $1.89 billion, a P/E ratio of 13.42 and a beta of 0.73.
In other news, major shareholder Silver Point Capital L.P. sold 500 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $105.76, for a total value of $52,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aleksandra A. Miziolek sold 865 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total value of $87,365.00. Following the completion of the transaction, the insider now directly owns 866 shares of the company’s stock, valued at $87,466. The disclosure for this sale can be found here. Over the last three months, insiders have sold 267,865 shares of company stock valued at $28,341,075. 1.10% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Suntrust Banks Inc. raised its position in shares of Cooper-Standard Holdings by 1.7% in the second quarter. Suntrust Banks Inc. now owns 2,889 shares of the auto parts company’s stock worth $291,000 after buying an additional 49 shares in the last quarter. CS Mckee LP raised its position in Cooper-Standard Holdings by 0.4% during the second quarter. CS Mckee LP now owns 13,550 shares of the auto parts company’s stock valued at $1,367,000 after purchasing an additional 50 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Cooper-Standard Holdings by 1.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,863 shares of the auto parts company’s stock valued at $390,000 after purchasing an additional 52 shares in the last quarter. Arizona State Retirement System raised its position in Cooper-Standard Holdings by 1.1% during the first quarter. Arizona State Retirement System now owns 9,200 shares of the auto parts company’s stock valued at $1,021,000 after purchasing an additional 100 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Cooper-Standard Holdings by 1.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 6,640 shares of the auto parts company’s stock valued at $737,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.
About Cooper-Standard Holdings
Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.
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