Healthcare stocks, telehealth stocks, hospital stocks, medical stocks

COO pinned 7.5% in 2021

The Cooper Companies, Inc. (NYSE: COO) is a global medical device company operating through two divisions, CooperVision and CooperSurgical. CooperVision develops a wide range of products for contact lens wearers and low vision users in general. CooperSurgical offers a portfolio of products and services focused on medical devices and fertility and genomics. Cooper Companies employs more than 12,000 people and sells products in over 100 countries.

This afternoon, the COO last fell 0.8% to $ 390.99. Cooper Companies stock is up 10% since the start of the year, but is down about 5% from its record high of $ 415.96. Cooper Companies also offers a forward dividend of $ 0.06 and a dividend yield of 0.02%.

In addition, Cooper Companies will release its financial results for the second quarter of 2021 this week on Thursday June 3rd. Following the release, the COO will also host a conference call to discuss the results and company developments. Cooper Companies has beat earnings expectations on three of its last four earnings reports by three hits in a row as investors watch for earnings to be released for the second quarter.

For the second quarter of 2020, the COO missed analyst estimates by $ 0.84 and reported earnings per share (EPS) of $ 1.51. Cooper Companies earnings per share rose to $ 2.28 in the third quarter of 2020, beating expectations by $ 0.76. For the fourth quarter of 2020, COO reported another rise in earnings, rising to $ 3.16 per share, beating estimates by $ 0.07. For the first quarter of 2021, Cooper Companies posted earnings per share of $ 3.17, exceeding expectations by $ 0.39.

From a fundamental perspective, Cooper Companies stock looks like a great game given its current price / earnings ratio of 8.67. However, COO has a forward price to earnings ratio of 31.85 which is a big difference when compared. Analysts are hopeful as 60% of the 10 recommendations included in the reporting give a “strong buy recommendation”. Overall, COO has the potential to be a long-term winner, but Cooper Companies stock is nowhere near the best option on the market from a risk / reward perspective.

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