The Cooper Companies Reports Solid 3Q Earnings; Raising Fair Value Estimate
Narrow-moat Cooper Companies reported 2017 fiscal third-quarter earnings slightly ahead of our expectations, and we expect to modestly raise our fair value estimate. The continued propensity for individuals to trade up to CooperVision’s higher margin offerings, coupled with recent foreign currency tailwinds, have been a boon to business, resulting in a boost to guidance. Additionally, Cooper acquired Procornea in August, a Netherlands-based manufacturer of specialty lenses. We believe this will ...Cooper Companies is a global medical device company. The company operates through CooperVision and CooperSurgical business units. CooperVision is a manufacturer providing products for contact lens wearers. CooperVision designs its products for astigmatism, presbyopia, myopia, ocular dryness and eye fatigues with a collection of spherical, toric and multifocal contact lenses. CooperVision is engaged in myopia management and specialty eye care markets with products, such as orthokeratology and scleral lenses. CooperSurgical focuses on improving the health of women, babies and families through a portfolio of products and services including medical devices, fertility, diagnostics and contraception.
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