Cooper-Standard (CPS) Scheduled to Post Quarterly Earnings on Thursday

Cooper-Standard (NYSE:CPSGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, May 5th. Cooper-Standard has set its FY 2022 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Cooper-Standard (NYSE:CPSGet Rating) last announced its earnings results on Thursday, February 17th. The auto parts company reported ($2.94) earnings per share for the quarter. The business had revenue of $601.35 million for the quarter. Cooper-Standard had a negative net margin of 13.85% and a negative return on equity of 47.88%.

Shares of NYSE CPS opened at $5.86 on Thursday. Cooper-Standard has a 12 month low of $5.79 and a 12 month high of $36.40. The company has a market cap of $99.98 million, a P/E ratio of -0.31 and a beta of 3.09. The business’s 50 day moving average is $9.36 and its two-hundred day moving average is $17.95. The company has a quick ratio of 1.40, a current ratio of 1.66 and a debt-to-equity ratio of 2.96.

A number of equities analysts recently issued reports on the stock. Benchmark lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Friday, February 18th. assumed coverage on shares of Cooper-Standard in a report on Thursday, March 31st. They set a “sell” rating on the stock.

In other news, CEO Jeffrey S. Edwards bought 22,900 shares of Cooper-Standard stock in a transaction that occurred on Tuesday, March 8th. The stock was purchased at an average cost of $8.74 per share, with a total value of $200,146.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Oss Stephen A. Van purchased 10,000 shares of the firm’s stock in a transaction on Friday, March 4th. The shares were acquired at an average price of $11.09 per share, for a total transaction of $110,900.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 57,650 shares of company stock valued at $609,174. Insiders own 3.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CPS. BlackRock Inc. boosted its holdings in Cooper-Standard by 2.2% during the fourth quarter. BlackRock Inc. now owns 2,987,289 shares of the auto parts company’s stock valued at $66,945,000 after purchasing an additional 63,948 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Cooper-Standard by 3,081.1% during the 4th quarter. Wells Fargo & Company MN now owns 10,243 shares of the auto parts company’s stock worth $230,000 after buying an additional 9,921 shares during the period. Goldman Sachs Group Inc. boosted its stake in Cooper-Standard by 5.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 30,371 shares of the auto parts company’s stock valued at $681,000 after buying an additional 1,570 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Cooper-Standard by 4.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,090,744 shares of the auto parts company’s stock valued at $46,854,000 after acquiring an additional 84,080 shares during the period. Finally, Legal & General Group Plc raised its stake in Cooper-Standard by 4.5% during the fourth quarter. Legal & General Group Plc now owns 35,759 shares of the auto parts company’s stock worth $801,000 after acquiring an additional 1,550 shares in the last quarter. Hedge funds and other institutional investors own 95.61% of the company’s stock.

About Cooper-Standard (Get Rating)

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, and fluid transfer systems. The company's sealing systems include obstacle detection sensor systems, dynamic seals, variable extrusion systems, static seals, specialty sealing products, encapsulated glasses, stainless steel trims, FlushSeal systems, and textured surfaces with cloth appearance.

Further Reading

Earnings History for Cooper-Standard (NYSE:CPS)

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