Cooper-Standard Holdings Inc (CPS) Releases Earnings Results, Beats Expectations By $0.50 EPS

Cooper-Standard Holdings Inc (CPS) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $2.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.50. Analysts had a consensus of $2.35. The company posted revenue of $879.30 million in the period, compared to analysts expectations of $875.98 million. The company’s revenue was up 2.1% compared to the same quarter last year.

Many Wall Street Analysts have commented on Cooper-Standard Holdings Inc. Cooper-Standard Holdings Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 21, 2016. Cooper-Standard Holdings Inc was Initiated by Goldman to “Neutral” on Jun 14, 2016.

Cooper-Standard Holdings Inc closed down -1.77 points or -1.98% at $87.78 with 1,53,138 shares getting traded on Thursday. Post opening the session at $89.19, the shares hit an intraday low of $87.55 and an intraday high of $89.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 11, 2015, Allen James Campbell (officer ) sold 2,000 shares at $63.71 per share price. According to the SEC, on May 15, 2015, Robert J Remenar (director) purchased 821 shares at $62.81 per share price. On May 15, 2015, Kenneth L Way (director) sold 14,000 shares at $62.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Cooper-Standard Holdings Inc. is a holding company. The Company through its subsidiaries manufactures sealing fuel and brake delivery fluid transfer and anti-vibration systems components subsystems and modules for use in passenger vehicles and light trucks. The Company operates in four segments: North America Europe South America and Asia Pacific. The Company’s principal products within each of these segments are sealing systems fuel and brake delivery systems fluid transfer systems and anti-vibration systems. The Company’s sealing systems protect vehicle interiors from weather dust and noise intrusion for improved driving experience. Its fuel and brake delivery systems sense deliver and control fluids to fuel and brake systems. Its fluid transfer systems sense deliver and control fluid and vapors for optimal powertrain & HVAC operation. Its anti-vibration systems control and isolate noise and vibration in the vehicle to improve ride and handling.

Cooper-Standard Holdings Inc

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