Cooper Standard Reports Record Quarterly Results; Raises Guidance
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Go back to Cooper Standard Reports Record Quarterly Results; Raises Guidance
August 1, 2016 8:25 AM EDT
Jefferies reiterated a Buy rating on Cooper-Standard Holdings Inc. (NYSE: CPS), and raised the price target to $105.00 (from $96.00), following the company's 2Q earnings report. CPS' EBITDA margin of 12.3% benefited from ongoing material and overhead reductions in fuel and brake delivery and fluid transfer system... More
July 28, 2016 4:42 PM EDT
Cooper-Standard Holdings (NYSE: CPS) reported Q2 EPS of $2.85, $0.61 better than the analyst estimate of $2.24. Revenue for the quarter came in at $879.3 million versus the consensus estimate of $875.98 million.
Full year guidance for adjusted EBITDA margin increased to 12.0 - 12.5 percent
For earnings history and earnings-related data on Cooper-Standard Holdings (CPS) click here.
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