Cooper Companies (NASDAQ:COO) Posts Quarterly Earnings Results, Hits Estimates

Cooper Companies (NASDAQ:COO - Get Free Report) announced its quarterly earnings data on Thursday. The medical device company reported $0.92 EPS for the quarter, hitting analysts' consensus estimates of $0.92, Zacks reports. The firm had revenue of $964.70 million for the quarter, compared to the consensus estimate of $981.25 million. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. Cooper Companies updated its FY 2025 guidance to 3.940-4.020 EPS.

Cooper Companies Trading Down 4.7 %

NASDAQ:COO traded down $3.97 during trading hours on Monday, reaching $81.03. 1,597,831 shares of the stock were exchanged, compared to its average volume of 1,631,372. Cooper Companies has a twelve month low of $81.38 and a twelve month high of $112.38. The business has a 50-day moving average of $92.38 and a two-hundred day moving average of $99.44. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 2.25 and a beta of 1.02. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COO. Citigroup dropped their price objective on shares of Cooper Companies from $115.00 to $110.00 and set a "buy" rating for the company in a report on Friday. Robert W. Baird cut their price target on shares of Cooper Companies from $117.00 to $107.00 and set an "outperform" rating for the company in a report on Friday. Wells Fargo & Company upped their price objective on Cooper Companies from $115.00 to $118.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Needham & Company LLC reiterated a "hold" rating on shares of Cooper Companies in a research report on Friday. Finally, StockNews.com downgraded Cooper Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $111.89.

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Cooper Companies Company Profile

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 provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.