Cooper-Standard Holdings Inc (CPS) Expected to Post Quarterly Sales of $886.40 Million
Equities research analysts expect Cooper-Standard Holdings Inc (NYSE:CPS) to post $886.40 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Cooper-Standard’s earnings, with estimates ranging from $875.00 million to $897.80 million. Cooper-Standard reported sales of $967.39 million during the same quarter last year, which indicates a negative year over year growth rate of 8.4%. The firm is expected to report its next quarterly earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that Cooper-Standard will report full-year sales of $3.54 billion for the current financial year, with estimates ranging from $3.48 billion to $3.60 billion. For the next year, analysts expect that the business will report sales of $3.58 billion, with estimates ranging from $3.41 billion to $3.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Cooper-Standard.
Cooper-Standard (NYSE:CPS) last released its earnings results on Thursday, February 14th. The auto parts company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.40). Cooper-Standard had a return on equity of 17.95% and a net margin of 2.97%. The business had revenue of $871.99 million for the quarter, compared to analyst estimates of $894.65 million.
In other Cooper-Standard news, CFO Jonathan P. Banas purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were acquired at an average cost of $59.99 per share, for a total transaction of $59,990.00. Following the completion of the acquisition, the chief financial officer now owns 1,583 shares of the company’s stock, valued at approximately $94,964.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in Cooper-Standard by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 204,227 shares of the auto parts company’s stock worth $12,685,000 after buying an additional 6,683 shares during the last quarter. Norges Bank purchased a new stake in Cooper-Standard in the fourth quarter worth $19,548,000. Metropolitan Life Insurance Co. NY increased its position in Cooper-Standard by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,809 shares of the auto parts company’s stock worth $361,000 after buying an additional 4,537 shares during the last quarter. Commonwealth Bank of Australia increased its position in Cooper-Standard by 28.6% in the fourth quarter. Commonwealth Bank of Australia now owns 2,700 shares of the auto parts company’s stock worth $167,000 after buying an additional 600 shares during the last quarter. Finally, Seizert Capital Partners LLC increased its position in Cooper-Standard by 59.8% in the fourth quarter. Seizert Capital Partners LLC now owns 44,703 shares of the auto parts company’s stock worth $2,777,000 after buying an additional 16,720 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.
NYSE CPS traded down $0.10 during trading hours on Tuesday, hitting $53.19. 615 shares of the company’s stock were exchanged, compared to its average volume of 178,596. Cooper-Standard has a 1-year low of $53.17 and a 1-year high of $146.77. The stock has a market capitalization of $928.47 million, a P/E ratio of 6.06 and a beta of 1.36. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.53 and a quick ratio of 1.32.
Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.
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