Analysts Expect Cooper-Standard Holdings Inc (CPS) Will Post Earnings of $3.07 Per Share

Equities research analysts expect Cooper-Standard Holdings Inc (NYSE:CPS) to post earnings per share of $3.07 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Cooper-Standard’s earnings. The highest EPS estimate is $3.29 and the lowest is $2.68. Cooper-Standard posted earnings per share of $2.80 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.6%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Cooper-Standard will report full year earnings of $10.77 per share for the current fiscal year, with EPS estimates ranging from $10.34 to $11.00. For the next year, analysts anticipate that the company will post earnings of $11.26 per share, with EPS estimates ranging from $10.50 to $11.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Cooper-Standard.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.36 by ($0.25). Cooper-Standard had a return on equity of 24.99% and a net margin of 3.88%. The business had revenue of $869.02 million for the quarter, compared to analyst estimates of $844.14 million. During the same quarter in the previous year, the company earned $2.48 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis.

CPS has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Cooper-Standard from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research report on Monday, October 9th. Goldman Sachs Group lowered shares of Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a research report on Monday, October 16th. Buckingham Research decreased their target price on shares of Cooper-Standard from $131.00 to $129.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th. Roth Capital upped their price target on shares of Cooper-Standard from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Cooper-Standard in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $117.17.

Shares of Cooper-Standard (NYSE:CPS) traded up $1.33 during trading hours on Friday, hitting $118.66. 408,445 shares of the company’s stock were exchanged, compared to its average volume of 113,697. Cooper-Standard has a 1 year low of $95.33 and a 1 year high of $128.52. The firm has a market cap of $2,080.23, a price-to-earnings ratio of 11.34, a PEG ratio of 2.22 and a beta of 0.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.75.

In related news, major shareholder Silver Point Capital L.P. sold 62,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $116.67, for a total value of $7,233,540.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Miguel Posada Juan Fernando De sold 3,028 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $119.38, for a total transaction of $361,482.64. Following the completion of the transaction, the insider now directly owns 16,389 shares of the company’s stock, valued at approximately $1,956,518.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,950 shares of company stock valued at $22,876,564. 1.10% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its stake in Cooper-Standard by 54.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 50,623 shares of the auto parts company’s stock valued at $5,871,000 after purchasing an additional 17,824 shares during the last quarter. GSA Capital Partners LLP bought a new position in Cooper-Standard in the 3rd quarter valued at approximately $1,102,000. Dean Investment Associates LLC bought a new position in Cooper-Standard in the 3rd quarter valued at approximately $5,953,000. California Public Employees Retirement System lifted its stake in Cooper-Standard by 4.0% in the 3rd quarter. California Public Employees Retirement System now owns 14,865 shares of the auto parts company’s stock valued at $1,724,000 after purchasing an additional 565 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Cooper-Standard in the 3rd quarter valued at approximately $240,000. 96.04% of the stock is owned by institutional investors and hedge funds.

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Cooper-Standard Company Profile

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

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