Cooper-Standard (NYSE:CPS) Releases Earnings Results
Cooper-Standard (NYSE:CPS) issued its earnings results on Tuesday. The auto parts company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($1.13), Briefing.com reports. Cooper-Standard had a return on equity of 4.44% and a net margin of 3.23%. The firm had revenue of $729.02 million during the quarter, compared to the consensus estimate of $688.47 million. During the same quarter in the prior year, the business earned $1.05 earnings per share. Cooper-Standard’s revenue for the quarter was down 15.4% on a year-over-year basis.
Shares of CPS traded up $0.22 during trading hours on Friday, reaching $37.82. The stock had a trading volume of 3,322 shares, compared to its average volume of 249,139. Cooper-Standard has a 12 month low of $30.82 and a 12 month high of $77.77. The firm has a 50-day simple moving average of $36.40 and a 200 day simple moving average of $41.80. The company has a current ratio of 1.75, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $610.49 million, a price-to-earnings ratio of 4.32 and a beta of 1.64.
A number of equities analysts recently issued reports on CPS shares. Roth Capital reiterated a “buy” rating and issued a $47.00 target price on shares of Cooper-Standard in a report on Thursday, September 26th. Buckingham Research cut Cooper-Standard from a “buy” rating to a “neutral” rating and cut their target price for the stock from $56.00 to $32.00 in a report on Wednesday, October 16th. Finally, ValuEngine upgraded Cooper-Standard from a “buy” rating to a “strong-buy” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Cooper-Standard presently has a consensus rating of “Hold” and an average price target of $38.75.
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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