COOPER COMPANIES Reports Strong First Quarter Earnings for Fiscal Year 2023
March 10, 2023
Earnings Overview
COOPER ($NYSE:COO): Total revenue was USD 84.6 million, a drop of 11.2% compared to the same quarter of the previous year. Despite this, net income increased 9.1% year over year to USD 858.5 million.
Share Price
The company’s stock opened at $321.0 and closed at $327.9, up by 1.3% from its previous closing price of 323.6. COOPER COMPANIES attributed this strong performance to a number of factors, including continuing to drive operational efficiencies and investing in innovation. Furthermore, the company has managed to leverage new technologies and services to optimize customer experience and increase profits. This strategy has resulted in a surge in revenues and profits for the company.
In addition, COOPER COMPANIES is focused on its sustainability efforts, having implemented a number of initiatives to reduce its environmental impact. The company’s commitment to sustainability is evident by its efforts in reducing waste, decreasing emissions, and investing in renewable energy sources. Investors should remain optimistic about the company’s future prospects and potential for long-term growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cooper Companies. More…
| Total Revenues | Net Income | Net Margin |
| 3.38k | 375.1 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cooper Companies. More…
| Operations | Investing | Financing |
| 692.4 | -1.83k | 1.19k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cooper Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.56k | 4.23k | 145.16 |
Key Ratios Snapshot
Some of the financial key ratios for Cooper Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | -0.1% | 16.3% |
| FCF Margin | ROE | ROA |
| 13.3% | 4.8% | 3.0% |
Analysis
At GoodWhale, we recently conducted a detailed analysis of COOPER COMPANIES‘s financial and business fundamentals. Our Risk Rating for this company comes back as a medium risk investment. We believe that investors should still be aware of the potential risks before investing in this company. We have also identified 1 risk warnings in the balance sheet of COOPER COMPANIES. These warnings can indicate potential areas of concern that investors should be aware of before investing. We recommend that investors register with GoodWhale in order to gain access to our full report on COOPER COMPANIES and more information on any potential risks associated with their investment. More…
Peers
The Cooper Companies Inc and its competitors, Sonova Holding AG, Pfizer Inc, and Teleflex Inc, compete in the global medical device market. Sonova Holding AG is a leading manufacturer of hearing aids and other auditory products. Pfizer Inc is a leading manufacturer of pharmaceuticals, vaccines, and other health care products. Teleflex Inc is a leading manufacturer of medical devices and other health care products.
– Sonova Holding AG ($LTS:0QPY)
Sonova Holding AG is a global leader in providing hearing care solutions. The company has a market capitalization of 15.4 billion as of 2022 and a return on equity of 21.26%. Sonova’s products are sold in over 100 countries and the company has a strong presence in Europe, North America, and Asia Pacific. The company’s products include hearing aids, cochlear implants, and wireless communication solutions.
– Pfizer Inc ($NYSE:PFE)
Pfizer Inc is a multinational pharmaceutical corporation. It is one of the world’s largest pharmaceutical companies. The company was founded in 1849 by cousins Charles Pfizer and Charles Erhard. The company has its headquarters in New York City.
Pfizer’s market cap is $270.73 billion as of 2022. Its return on equity is 27.98%. The company manufactures and sells a broad range of pharmaceutical products, including prescription and over-the-counter drugs. The company’s products are sold in more than 150 countries.
– Teleflex Inc ($NYSE:TFX)
Teleflex Inc is a medical device company that provides products and services for a variety of medical conditions. The company has a market cap of 10.2B as of 2022 and a Return on Equity of 8.5%. Teleflex Inc’s products and services include catheters, respiratory devices, and surgical instruments. The company serves patients, families, and healthcare professionals worldwide.
Summary
COOPER COMPANIES reported their first quarter of fiscal year 2023 earnings on March 2, 2023. Revenue for the quarter decreased 11.2% year over year, to USD 84.6 million.
However, net income increased 9.1% to USD 858.5 million in the same period. Investors may view this as a sign that the COOPER COMPANIES are taking steps to effectively manage their costs, while still growing their profits. With the improved financial performance, investors could find the company’s stock attractive and worth considering as a long-term buy or as a potential short-term trade.
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