Cooper Companies drops on revised annual profit forecast

The Cooper Companies

10/09/2026 09:46

** Shares of medical device maker Cooper Companies COO.O down 15.6% at $53.58 premarket
** Company cuts its annual profit forecast and posts third-quarter revenue below estimates, as weak demand for its contact lenses weighed on sales
** Cooper sees annual adj profit of $4.51-$4.55 per share, down from $4.58-$4.66, and fiscal 2026 revenue of $4.23 billion-$4.25 billion vs prior view of $4.29 billion-$4.32 billion, both trailing analyst estimates
** At least five brokerages trim PTs on the stock
** Stock recently at 14 times expected earnings vs a 5-year avg forward PE of 22, per LSEG-compiled data, suggesting it may be undervalued
** Average rating of 19 analysts is "buy"; their median PT is $80: LSEG-compiled data
** YTD, stock down ~22.5%, compared with a 13% rise in the Nasdaq .IXIC


 (Reporting by Joel Jose in Bengaluru)
 ((joeljose@thomsonreuters.com))