Wall Street brokerages expect Coty Inc (NYSE:COTY) to report $0.25 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Coty’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.25. Coty reported earnings of $0.24 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The firm is expected to report its next earnings results before the market opens on Wednesday, February 5th.
On average, analysts expect that Coty will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.68. For the next year, analysts expect that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.69 to $0.78. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Coty.
Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Coty had a positive return on equity of 7.57% and a negative net margin of 43.46%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year.
A number of research firms have recently issued reports on COTY. Morgan Stanley increased their target price on Coty from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. ValuEngine lowered Coty from a “sell” rating to a “strong sell” rating in a research note on Monday, October 21st. Stifel Nicolaus set a $11.50 target price on Coty and gave the company a “hold” rating in a research note on Monday, October 21st. DA Davidson lowered their target price on Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Bank of America increased their target price on Coty from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Coty has a consensus rating of “Hold” and an average price target of $12.64.
In related news, insider Sylvie Moreau sold 22,621 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.96, for a total value of $270,547.16. Following the completion of the transaction, the insider now owns 97,025 shares of the company’s stock, valued at $1,160,419. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of COTY. M&T Bank Corp boosted its holdings in Coty by 36.8% in the second quarter. M&T Bank Corp now owns 17,120 shares of the company’s stock valued at $229,000 after purchasing an additional 4,603 shares during the last quarter. Cetera Advisor Networks LLC purchased a new position in Coty in the second quarter valued at about $165,000. Pacer Advisors Inc. lifted its holdings in Coty by 73.6% during the 2nd quarter. Pacer Advisors Inc. now owns 75,028 shares of the company’s stock worth $1,005,000 after buying an additional 31,812 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Coty by 1.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,168,547 shares of the company’s stock worth $42,459,000 after buying an additional 47,054 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Coty by 14.3% during the 2nd quarter. US Bancorp DE now owns 11,518 shares of the company’s stock worth $154,000 after buying an additional 1,441 shares during the last quarter. 37.34% of the stock is owned by hedge funds and other institutional investors.
COTY stock opened at $10.70 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.61 and a current ratio of 0.97. Coty has a 1 year low of $6.89 and a 1 year high of $14.14. The firm has a market cap of $7.93 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.37 and a beta of 0.71. The stock has a 50-day simple moving average of $11.21 and a 200-day simple moving average of $10.91.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, November 18th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Friday, November 15th. Coty’s dividend payout ratio is currently 76.92%.
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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