The Cooper Companies Inc

COO: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$74.00	Vzqcyxd	Qjhjxzqr

Cooper Companies Earnings: Healthy Demand and Favorable Product Mix Raise Top and Bottom Lines

Keonhee Kim

Aug 31, 2023

Narrow-moat Cooper Companies reported third-quarter results that came in higher than our expectations. Total sales were up 10.3% year over year as broad-based adoption of Cooper’s contact lenses and surgical business fueled growth. Demand for both businesses remains healthy, and management raised its full-year guidance for both segments. After accounting for our elevated near-term assumptions as well as the time value of money impact, we raise our fair value estimate to $345 per share from $325.

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