Cooper-Standard (NYSE:CPS) Announces Earnings Results

Cooper-Standard (NYSE:CPS) posted its earnings results on Thursday. The auto parts company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.80), Bloomberg Earnings reports. Cooper-Standard had a net margin of 4.47% and a return on equity of 7.30%. The firm had revenue of $764.81 million during the quarter, compared to the consensus estimate of $832.61 million. During the same period in the prior year, the company posted $2.74 EPS. The firm’s revenue was down 17.6% compared to the same quarter last year. Cooper-Standard updated its FY 2019 guidance to EPS.

Shares of NYSE CPS traded down $3.49 during trading on Friday, hitting $44.16. The company had a trading volume of 523,707 shares, compared to its average volume of 184,119. The company has a 50 day simple moving average of $45.12. The company has a quick ratio of 1.24, a current ratio of 1.44 and a debt-to-equity ratio of 0.86. Cooper-Standard has a 12 month low of $36.11 and a 12 month high of $146.77. The company has a market capitalization of $834.94 million, a price-to-earnings ratio of 5.02 and a beta of 1.57.

In related news, insider Jeffrey A. Debest acquired 1,750 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of $39.47 per share, with a total value of $69,072.50. Following the completion of the purchase, the insider now directly owns 2,500 shares of the company’s stock, valued at $98,675. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William Pumphrey acquired 5,320 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of $39.00 per share, for a total transaction of $207,480.00. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.

A number of research analysts have weighed in on CPS shares. ValuEngine raised Cooper-Standard from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th. Goldman Sachs Group downgraded Cooper-Standard from a “neutral” rating to a “sell” rating and lowered their target price for the company from $51.00 to $36.00 in a report on Thursday, June 13th. Zacks Investment Research downgraded Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 23rd. Roth Capital lowered their target price on Cooper-Standard from $76.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Finally, Buckingham Research lowered their target price on Cooper-Standard from $66.00 to $63.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Cooper-Standard currently has an average rating of “Hold” and an average price target of $49.75.

Cooper-Standard Company Profile

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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Earnings History for Cooper-Standard (NYSE:CPS)

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