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Cooper Companies (NYSE:COO - Get Rating) updated its fourth quarter 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.05-$3.20 for the period, compared to the consensus estimate of $3.42. The company issued revenue guidance of $830.00 million-$850.00 million, compared to the consensus revenue estimate of $841.43 million. Cooper Companies also updated its FY 2022 guidance to $12.72-$12.87 EPS.Analyst Ratings Changes

Several research analysts have recently weighed in on COO shares. Stifel Nicolaus decreased their target price on shares of Cooper Companies from $475.00 to $450.00 in a research note on Monday, June 6th. Wells Fargo & Company lowered their target price on shares of Cooper Companies from $370.00 to $365.00 and set an overweight rating on the stock in a research note on Thursday, September 1st. Robert W. Baird reduced their price objective on shares of Cooper Companies from $375.00 to $345.00 and set a neutral rating for the company in a research report on Thursday, September 1st. Piper Sandler decreased their target price on shares of Cooper Companies from $425.00 to $375.00 and set an overweight rating for the company in a report on Friday, July 8th. Finally, KeyCorp cut their price objective on shares of Cooper Companies from $414.00 to $408.00 and set an overweight rating on the stock in a research report on Friday, June 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cooper Companies has a consensus rating of Moderate Buy and a consensus target price of $406.00.Cooper Companies Price Performance

Cooper Companies stock opened at $296.18 on Wednesday. Cooper Companies has a 12 month low of $283.03 and a 12 month high of $456.00. The company has a current ratio of 1.16, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $14.62 billion, a PE ratio of 34.24, a P/E/G ratio of 2.30 and a beta of 0.93. The stock has a 50-day moving average price of $314.91 and a two-hundred day moving average price of $353.53.

Cooper Companies (NYSE:COO - Get Rating) last announced its earnings results on Wednesday, August 31st. The medical device company reported $3.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.24 by ($0.05). Cooper Companies had a net margin of 13.38% and a return on equity of 9.22%. The company had revenue of $843.40 million for the quarter, compared to analysts' expectations of $830.22 million. During the same period in the previous year, the firm earned $3.41 EPS. The firm's quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that Cooper Companies will post 12.84 EPS for the current year. Cooper Companies Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, August 11th. Shareholders of record on Wednesday, July 27th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, July 26th. Cooper Companies's payout ratio is 0.69%. Hedge Funds Weigh In On Cooper Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC grew its position in Cooper Companies by 6.4% in the first quarter. Orion Portfolio Solutions LLC now owns 1,063 shares of the medical device company's stock worth $444,000 after acquiring an additional 64 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Cooper Companies by 6.7% in the first quarter. Captrust Financial Advisors now owns 1,026 shares of the medical device company's stock valued at $428,000 after purchasing an additional 64 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Cooper Companies by 0.3% during the 1st quarter. Advisors Asset Management Inc. now owns 19,876 shares of the medical device company's stock worth $8,300,000 after acquiring an additional 64 shares in the last quarter. Brinker Capital Investments LLC raised its position in shares of Cooper Companies by 3.5% during the 1st quarter. Brinker Capital Investments LLC now owns 2,600 shares of the medical device company's stock worth $1,086,000 after purchasing an additional 88 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its holdings in Cooper Companies by 6.7% in the 2nd quarter. First Republic Investment Management Inc. now owns 1,836 shares of the medical device company's stock valued at $575,000 after acquiring an additional 116 shares during the last quarter. 97.09% of the stock is currently owned by hedge funds and other institutional investors. Cooper Companies Company Profile (Get Rating)

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 offers spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, myopia, ocular dryness and eye fatigues in the Americas, Europe, Middle East, Africa, and Asia Pacific.Further ReadingGet a free copy of the StockNews.com research report on Cooper Companies (COO)3 Low Beta Defensive Stocks for a Tough MarketIt Could Be a September to Remember for These 3 StocksPeak Inflation Sets the Bottom for Brinker International Stock Can Roblox Reverse its Falling Bookings Amid Rising EngagementsBroadcom Bounces From Institutional Bottom 

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