$2.52 Earnings Per Share Expected for Cooper-Standard Holdings Inc. (CPS) This Quarter

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.

TRADEMARK VIOLATION WARNING: “$2.52 Earnings Per Share Expected for Cooper-Standard Holdings Inc. (CPS) This Quarter” was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://transcriptdaily.com/2017/09/17/2-52-earnings-per-share-expected-for-cooper-standard-holdings-inc-cps-this-quarter.html.

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.

Get a free copy of the Zacks research report on Cooper-Standard Holdings (CPS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Cooper-Standard Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply