The Cooper Companies, Inc. (NYSE:COO) is set to announce third quarter earning results on Thursday 3rd September 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, COO to report 3Q20 income of $ 1.52 per share from revenue of $ 535.66 million.
For the full year, analysts anticipate top line of $ 2374.15 million, while looking forward to income of $ 8.57 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,767.00 million ~ $ 2,817.00 million, where as bottomline are predicted in a range of $ 12.80 ~ $ 13.20 per share
Click Here For More Historical Outlooks Of The Cooper Companies, Inc.
Previous Quarter Performance
The Cooper Companies, Inc. reported income for the second quarter of $ 1.51 per share, from the revenue of $ 524.90 million. The quarterly earnings dropped 48.64 percent compared with the same quarter last year. According to street consensus, COO was expected to report 2Q20 income of $ 2.90 per share from revenue of $ 659.59 million. The bottom line results missed street analysts by $ 1.39 or 47.93 percent, at the same time, top line results fell short of analysts by $ 134.69 million or 20.42 percent.
Stock Performance
Shares of The Cooper Companies, Inc. traded up $ 5.94 or 1.92 percent on Wednesday, reaching $ 315.34 with volume of 141.60 thousand shares. The stock opened positive for the day at $ 310.02, after closing the previous day trading at $ 309.40.
According to the previous trading day, closing price of $ 309.40, representing a 30.73 % increase from the 52 week low of $ 236.68 and a 15.39 % decrease over the 52 week high of $ 365.68.
The company has a market capital of $ 16.82 billion and is part of the Healthcare sector and Medical Instruments & Supplies industry.
Recent Analyst recommendations
- On 6th July 2020, downgraded by Robert W. Baird to Neutral from Outperform rating, with $ 291.00 target price.
Recent Stock Dividend Announcement
On July 9, 2020, the board of directors authorized semi annual dividend of $ 0.03 per share to holders of record as of the close of business on July 23, 2020, with payment date of August 7, 2020 and ex-dividend date on July 22, 2020.
Conference Call
The Cooper Companies, Inc. will be hosting a conference call at 5:00 PM eastern time on 3rd September 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 855-643-4430 or 707-294-1332 Outside U.S., and the passcode is Cooper in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/upofcacw
The Cooper Companies, Inc. operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units.
