CooperCompanies stock gains 1.41 percent after guidance reset
Published on 09/24/2026 at 12:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CooperCompanies stock (ISIN US2166485019) gained 1.41 percent to USD 56.07 on Nasdaq on September 23, 2026, after a sharp September selloff triggered by weaker guidance. The medical device company reported fiscal third-quarter revenue of USD 1.066 billion for the period ended July 31, 2026.
Revenue growth stayed modest
CooperCompanies said on September 9, 2026, that third-quarter revenue rose 1 percent year over year and 1 percent organically. CooperVision contributed USD 717.0 million, while CooperSurgical generated USD 349.2 million, up 2 percent on a reported basis and 3 percent organically.
The earnings mix was unusually sensitive to one-off effects. GAAP diluted EPS reached USD 2.24 in fiscal Q3 2026, while adjusted diluted EPS was USD 1.15, and net income included a USD 307.2 million discrete tax benefit tied to a favorable U.K. tax examination.
Analysts cut targets after guidance
The company guided to fiscal fourth-quarter revenue of USD 1.057 billion to USD 1.080 billion and full-year fiscal 2026 revenue of USD 4.229 billion to USD 4.252 billion. Fourth-quarter non-GAAP diluted EPS guidance was USD 1.05 to USD 1.09, putting the next quarter's earnings range below the fiscal third-quarter adjusted EPS figure of USD 1.15.
JPMorgan lowered its price target from USD 71 to USD 58 while keeping a neutral rating, according to MarketBeat on September 10, 2026. The target revision shows why the stock reaction has centered on forward earnings rather than the tax-enhanced GAAP result.
Buyback adds a second signal
CooperCompanies completed its strategic review and chose to retain CooperSurgical, while its board expanded the share repurchase authorization from USD 2 billion to USD 3 billion, according to StockTitan. The capital-allocation decision gives the valuation debate a second axis, but contact-lens demand remains the immediate operating issue.
Stock remains below yearly high
CooperCompanies stock was trading at USD 56.07 on Nasdaq on September 23, 2026, with a market capitalization of USD 10.935 billion. The 52-week range was USD 51.01 to USD 89.83, leaving the price USD 33.76 below the yearly high and USD 5.06 above the low.
CooperCompanies stock facts
- Company: The Cooper Companies, Inc.
- ISIN: US2166485019
- Ticker: COO
- Trading venue: Nasdaq
- Price: USD 56.07 on September 23, 2026
- Market capitalization: USD 10.935 billion as of September 23, 2026
- 52-week range: USD 51.01-89.83
- Sector / Industry: Healthcare / Medical Instruments and Supplies
- Index membership: S&P 500
