Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Cooper Companies (NYSE:COO - Get Rating) issued an update on its fourth quarter 2022 earnings guidance on Wednesday morning. 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

COO has been the subject of several research reports. Citigroup decreased their price target on shares of Cooper Companies from $406.00 to $350.00 and set a buy rating for the company in a research note on Thursday, September 1st. Stephens reduced their price objective on shares of Cooper Companies from $500.00 to $460.00 and set an overweight rating for the company in a research note on Friday, June 3rd. Stifel Nicolaus lowered their target price on Cooper Companies from $475.00 to $450.00 in a research report on Monday, June 6th. Wells Fargo & Company reduced their price target on Cooper Companies from $370.00 to $365.00 and set an overweight rating for the company in a research report on Thursday, September 1st. Finally, Robert W. Baird lowered their price target on Cooper Companies from $375.00 to $345.00 and set a neutral rating on the stock in a research report on Thursday, September 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Cooper Companies presently has an average rating of Moderate Buy and a consensus price target of $406.00.Cooper Companies Price Performance

Shares of COO opened at $283.53 on Wednesday. The company's 50-day moving average is $311.35 and its 200-day moving average is $343.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.16 and a quick ratio of 0.71. The firm has a market capitalization of $13.99 billion, a PE ratio of 32.78, a PEG ratio of 2.27 and a beta of 0.93. Cooper Companies has a fifty-two week low of $281.87 and a fifty-two week high of $444.22.

Cooper Companies (NYSE:COO - Get Rating) last issued its quarterly earnings data 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 return on equity of 9.22% and a net margin of 13.38%. The company had revenue of $843.40 million for the quarter, compared to analyst estimates of $830.22 million. During the same quarter last year, the business earned $3.41 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. Equities analysts forecast that Cooper Companies will post 12.79 EPS for the current year. Cooper Companies Dividend Announcement

The company also recently disclosed 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

Several institutional investors and hedge funds have recently modified their holdings of COO. Goldman Sachs Group Inc. raised its stake in Cooper Companies by 90.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 308,790 shares of the medical device company's stock worth $96,688,000 after purchasing an additional 146,644 shares in the last quarter. Vanguard Group Inc. lifted its position in Cooper Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 5,368,727 shares of the medical device company's stock worth $2,241,927,000 after purchasing an additional 70,640 shares during the period. Bridgewater Associates LP grew its stake in Cooper Companies by 44.7% during the first quarter. Bridgewater Associates LP now owns 86,652 shares of the medical device company's stock worth $36,185,000 after buying an additional 26,775 shares in the last quarter. Eaton Vance Management increased its holdings in Cooper Companies by 63.0% in the 1st quarter. Eaton Vance Management now owns 63,703 shares of the medical device company's stock valued at $26,602,000 after buying an additional 24,612 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Cooper Companies by 14.5% in the 1st quarter. Royal Bank of Canada now owns 148,821 shares of the medical device company's stock valued at $62,145,000 after buying an additional 18,903 shares in the last quarter. 97.09% of the stock is currently owned by institutional investors and hedge funds. 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.Recommended StoriesGet a free copy of the StockNews.com research report on Cooper Companies (COO)3 Airline Stocks Stuck in a Holding PatternRoku Stock is Down but Not Out Is Ford Rolling To A Rebound After Its Q3 Warning If You’re Hungry for Value, Take a Bite on Ruth's Hospitality GrpHas AMD stock stock fallen too far?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Cooper Companies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cooper Companies wasn't on the list.

While Cooper Companies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

ETF portfolio manager, Dave Gilreath offers a perspective on “dividend achievers” and why these deserve a role in your portfolio

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.