Cooper Companies (NASDAQ:COO) Releases Quarterly Earnings Results, Meets Expectations

Cooper Companies (NASDAQ:COO) issued its quarterly earnings results on Thursday. The medical device company reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92, Zacks reports. The company had revenue of $964.70 million during the quarter, compared to analysts’ expectations of $981.25 million. 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 COO opened at $85.00 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91. Cooper Companies has a twelve month low of $82.61 and a twelve month high of $112.38. The firm’s 50 day moving average price is $92.52 and its two-hundred day moving average price is $99.45. The firm has a market cap of $16.96 billion, a P/E ratio of 43.59, a PEG ratio of 2.25 and a beta of 1.02.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Wells Fargo & Company boosted their price objective 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. Morgan Stanley decreased their price objective on shares of Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Friday, December 6th. Robert W. Baird decreased their price objective on shares of Cooper Companies from $117.00 to $107.00 and set an “outperform” rating for the company in a report on Friday. Finally, Citigroup decreased 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. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.89.

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.