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

Cooper Companies (NASDAQ:COO) announced its earnings results on Thursday. The medical device company reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92, Zacks reports. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. Cooper Companies updated its FY 2025 guidance to 3.940-4.020 EPS.

Cooper Companies Stock Performance

Shares of NASDAQ COO traded down $0.35 during trading on Thursday, reaching $90.98. The stock had a trading volume of 2,857,025 shares, compared to its average volume of 1,546,712. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91. The stock has a market cap of $18.16 billion, a PE ratio of 46.66, a P/E/G ratio of 2.25 and a beta of 1.02. Cooper Companies has a one year low of $84.76 and a one year high of $112.38. The firm’s 50 day moving average price is $92.56 and its two-hundred day moving average price is $99.51.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COO. StockNews.com cut Cooper Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Morgan Stanley reduced their price target on Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cooper Companies in a report on Friday, December 6th. Citigroup cut their target price on shares of Cooper Companies from $116.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Finally, Wells Fargo & Company upped their target price on shares of Cooper Companies from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Cooper Companies has an average rating of “Moderate Buy” and a consensus target price of $117.22.

About Cooper Companies

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.