Revenue Update on Cooper-Standard Holdings Inc(NYSE:CPS)

Cooper-Standard Holdings Inc(NYSE:CPS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $879.30M. Analysts estimated a revenue of $875.98M. Earnings per share were $2.85. Analysts had estimated an EPS of $2.24.

In a different note, On Jun 21, 2016, Bank of America said it Downgrades its rating on Cooper-Standard Holdings Inc. The shares have been rated ‘Underperform’ by the firm. Goldman Sachs said it Initiates Coverage on Cooper-Standard Holdings Inc, according to a research note issued on Jun 14, 2016. The shares have been rated ‘Neutral’ by the firm.

Cooper-Standard Holdings Inc (CPS) made into the market gainers list on Thursdays trading session with the shares advancing 0.63% or 0.56 points. Due to strong positive momentum, the stock ended at $89.85, which is also near the day’s high of $90.415. The stock began the session at $89.11 and the volume stood at 1,96,663 shares. The 52-week high of the shares is $90.84 and the 52 week low is $54.03. The company has a current market capitalization of $1,555 M and it has 1,73,08,168 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2015, Allen James Campbell (officer ) sold 2,000 shares at $63.71 per share price.Also, 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.

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