Cooper-Standard (NYSE:CPS) Releases Quarterly Earnings Results

Cooper-Standard (NYSE:CPS) announced its quarterly earnings results on Thursday. The auto parts company reported ($0.64) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $708.36 million for the quarter. Cooper-Standard updated its FY 2024 guidance to EPS.

Cooper-Standard Price Performance

NYSE CPS traded up $0.47 during trading hours on Friday, reaching $14.20. 319,277 shares of the company’s stock traded hands, compared to its average volume of 110,222. The firm has a market cap of $245.52 million, a PE ratio of -2.39 and a beta of 2.76. Cooper-Standard has a 52-week low of $11.24 and a 52-week high of $22.74. The firm has a 50-day simple moving average of $12.99 and a 200 day simple moving average of $14.73.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Cooper-Standard from a “hold” rating to a “buy” rating in a report on Friday.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.